Add stock to my food retail business
Morton
Block D, Mazabuka, Zambia
$544 to go
13% funded of $624 goal
0
days left
Entrepreneur
Name
Morton
Member since
December 2015
On-time repayments
97 installments • 96%
About Me
My name is Morton Chizunga. I was born on July 17th 1977. I have 3 children and I care for 2 orphans as well. I live in Manyaana Area in Mazabuka district in Southern Province. I am a farmer and I'm applying for this loan because I want to do trading in wholesale beans and kapenta (fish), while also investing in my children, my livestock, and my store. In my free time I am active in my Seventh Day Adventist church.
My Business
On my farm I'm growing maize, groundnuts, cowpeas, and sweet potatoes. I also keep chicken and goats. My wife and I also operate a store in Monze town that sells beans, kapenta (dried fish), and cooking oil. With my first loan I was able to pay my sons school fees while also expanding my business and saving some more money. I was able to invest money in rental property I am building in Monze. My second loan allowed me to invest even more into my children's education and my business did very well. I hope that with this third loan, I will be able to add more inventory to my shop and bring in more income.
Loan Proposal
With this loan, I would like to add more inventory to my business. I currently sell beans, kapenta (dried fish), and maize (which I added with my last loan). With this loan I can also add cooking oil and other goods. Eventually, I would like to expand my business to be more than selling these foods in the market, it will take time and hard work to save up for my future, but with this loan I am able to help pay for the education of my children and run my business without worrying about money. Thank you and god bless!
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Loan Info
Project Type
Classic Loan
Amount requested
$624.00
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