Agricultural equipment and machinery for sell

Keiphas Chikoondo

Siavonga, Zambia

100% repaid

Entrepreneur

Name

Keiphas Chikoondo

Member since

October 2020

On-time repayments

17 installments  •  53%

About Me

My name is Keiphas Chikoondo. I am a mobile money agent.

I am married with three children and I live in the fishing camps area.

The fishing camps is a large township with many people who have shops, market stalls and vegetable gardens.

My Business

I own a mobile money agency where I sell mobile units for Airtel, MTN and Zamtel.

My customers include, workers of fishing companies, market traders and ordinary people.

I provide an essential service to people and I love what I do because I help individuals and families to transact and save money.

Loan Proposal

I plan to use the loan to purchase agricultural equipment and machinery like ploughs, discs and planters.

My wife is a farmer and I am always encouraged by how she is able to make more money than me by selling her farming produce at the local vegetable market.

The rain season is here and farmers are busy attending to their fields.

This has encouraged me to venture into the farming sector so as to supply equipment and machinery that the hardworking farmers in my district require for them to produce more and sell more of their produce.

My customers include farmers and traders of agriculture products.

Income Source

The agriculture sector in my district is booming and farmers are doing well by selling their produce at the local markets.

The demand for agricultural equipment and machinery is very high and I am encouraged to sell more of the products that I supply to the farmers.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.71

Date disbursed

Oct 21, 2020

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $21.77

Credit risk payment: $19.58

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