Buy a maize-sheller machine & transport maize to market

Muswangeli Tongo Chibaba

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $825 goal

0

days left

Entrepreneur

Name

Muswangeli Tongo Chibaba

Location

Lusaka, Zambia

On-time repayments

29 weekly installments  •  62%

About Me

My name is Muswangeli Tongo Chibaba and the first born from the family of 4.My mother being Mr and Mrs Francis Chibaba.My education back ground, i went to Nyenyenzi Primary school and later i was selected to grade 8 at David Kaunda Secondary School.When i completed school my uncle employed me to work 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.

My Business

I grow tomatoes, cabbages, Onions and sweet potatoes and also i ran bottle store were my generate my sources of my income.The goods are highly on demand by marketeers and they sell faster and i make quick money, the income i make i use it to pay school fees, reinvest and home improvement.

Loan Proposal

Dear lenders my maize is now ready to prepare it for sale and find market. I need at least 20,000 ZMW to buy the maize sheller machine and hire transport to transport the maize to market. Am expected to produce 3500 to 4500 bags of maize of which when I sale them I will generate the income of 60000 ZMW to 75000 ZMW, I will generate good money representing 80% in terms of growth than before.

Income Source

Dear lenders this is the season I actually I make a lot of money, am harvesting my maize crop in readiness for sale, Milling companies have already started pressing orders for the maize commodity an indication that I will generate good because demand now is going up for the commodity. I also will generate some income from the sale of my vegetables and I will repay the loan the same I have worked hard to repay the past loans.

My Videos

Jan 22, 2021: Muswangeli's maize field & vegetables

Feedback

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Lenders

Mike

North Liberty, Iowa, United States

Ole Hirschbrich

Hamburg, Germany

mabo

Germany

JimVandegriff

Trinidad, California, United States

Eike Christian Lorenzen

Flensburg, Germany

Joost

Noord Brabant, Netherlands

Jeff Tyler

Poquoson, United States

John Barnett

United States

Ed

Howells, United States

Hans Moor

Vorden, Netherlands

dcorbetta

Carate Brianza, Italy

P

Pablo

RICHMOND, United States

JA

Jorge Alagon

Munich, Germany

M

Mark

United States

JH

Joseph Hwang

Houston, United States

KC

KinHo Chan

United States

N

Nick

United States

B

Bpryse

Long beach, United States

D

Dave

Dropmore, Manitoba, Canada

L

Liz

Nowra, Australia

F

Floris

United States

Show all

Loan Info

Disbursed amount

$826.00

Date disbursed

Apr 6, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $826.00 = $39.70

Credit risk payment: $39.70

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