Buying a new hammer meal for milling

Steven Lungu

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Steven Lungu

Location

Lusaka, Zambia

On-time repayments

5 weekly installments  •  100%

About Me

My name is Steve Lungu age 24 years Old. I was born in Earthen Province of Zambia in Petauke district. I grew up with parent and I was at Petauke Boarding School where I completed my High School. My Father was Miller, milling flour and mealie meal, I learnt the skills from him because I was working with him. Today I also operate a hammer meal where I mill different types of grains as required by customer.

My Business

Am involved in milling business and that is were my main income from. I provide milling services to the public who come to mill their grains into the end product needed. Among the grain I mill is
1. Flour
2.Mealie meal
3.soya cake
4.maize bran
I choose this business the milling business because it is well paying and most farmers bring their goods to be milled at my hummer centre at the main market where I operate from.

Loan Proposal

With this am applying for I want to buy another hammer meal for milling a number of grains due to high demand. I have a number of farmer and the general public bring their grain to be milled. Have been running and operating one hammer meal which has been good enough to service my customer, therefore should I buy a new hammer meal which operating well, I will be able to service delivery and generate more income. On this Old hammer have been experiencing a number of break down which has not been profitable.

Income Source

The service I provide is now on high demand because farming has increased and demand to meal grains has increase hence this has given me an opportunity to create more income every day, therefore the generated income I will be servicing and repay the loan.

Feedback

1

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  • Heather    Mar 19, 2021

    Great experience. Quick repayment.

    Log in to reply • Share
    • Steven Lungu    Apr 1, 2021

      Thank you so much my lender for supporting my project, its a great business that is profitable. May God bless you

      Log in to reply • Share


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Lenders

PaulE

Cockeysville, MD,  United States

A

Andy

United States

Loan Info

Disbursed amount

$67.92

Date disbursed

Mar 22, 2021

Repayment status

On Time

Projected term

2 weeks

Cost of loan

Service fee: 5% of $67.92 = $3.40

Credit risk payment: $9.48

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