Muswangeli Tongo Chibaba
20 weekly installments • 90%
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.
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.
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.
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.
Jan 22, 2021: Muswangeli's maize field & vegetables
Apr 6, 2021
Cost of loan
Service fee: 5% of $826.00 = $41.27
Credit risk payment: $41.27