Consumer Pros And Cons Of Starting A Business With Personal Loan

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consumer pros and cons of starting a business with personal loan

Former beauty queen Rotondwa Musitha took a risk and used money she won from beauty competitions to start her waste management business in Limpopo in 2018.

I saved a lot of money from the competitions I entered and accumulated more from my other home business, which then allowed me to kick off the business, Musitha said.

I picked waste collection because I saw a huge gap. The only company that was doing it in my area was rigging the prices and shortchanging sellers. I knew the gamble I was taking by using my own money, but getting a business loan is a struggle for start-ups, said Musitha.

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