Buying a hammer mill to make "mealie meal"

Austine Mangaki

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $322 goal

0

days left

Entrepreneur

Name

Austine Mangaki

Member since

December 2020

On-time repayments

25 installments  •  48%

About Me

My name is Austine Mangaki and the first born from the family of 7.My mother being Mr and Mrs Mangaki. My education back ground, i went to Pamodzi Primary school and later i was selected to grade 8 at Ndeke Secondary School.When i completed my high i was sent to Lusaka town at my uncle house to be helping him at his Farm.From there i was able to learn farming and how to do farming business.My uncle taught me business at his farm.Today am a proud farm business man.We celebrate the Kuomboka ceremony and it is the most attracted traditional ceremony in West Province of Zambia in Mongu. Tourist and people from all walks life come watch ceremony.I need my children to get to the University and acquire more knowledge as the world now is becoming more dynamic and education is the key to success.

My Business

Am a farmer and i do business farming which is the main source of livelihood.Grow and sale maize, sweet potatoes,cassava, vegetables, rice,groundnuts, wheat, sower beans and bean.I sale these goods to both local people and companies.I ventured in the farming business because it is highly profitable.The cost at the farms are many because fertilizer should be available at cost and most i spend K 4500, including pesticides and the profits come to K 3000 after all expenses.The profits save some money for buying farming inputs,pay school fees and also improve the well being of the family as am the bread winner of my family.

Loan Proposal

Am requesting for this to buy the hammer meal for milling breakfast mealie meal, roller meal and flour. The demand during for milling mealie meal, roller meal and flour is very high during harvest time and hammer meal are very scarce in the area were my farm is located and should this Hammer meal be bought it will provide the services the farmers and people may need. Therefore I will increase revenue for both selling maize and milling the end products mealie meal which is highly consumable and double my turn over

Income Source

This time around now that am approaching the harvest time during the farming market season I generate good income and I save a lot more money and repay the loan as soon as possible. In addition to that I supply my commodities at the food reserve agency a department of government and the repayment are very fast.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.94

Date disbursed

Apr 6, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $20.23

Credit risk payment: $60.75

Lenders

Blond56

Victoria, B. C., Canada

MarktheMormon

Sandy, Utah, United States

V

Vivek

Arlington, VA, United States

A

Andy

United States

Jeremy Perkins

United States

Ukulele Cheri

Idaho, United States

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