Buying, feeding, and selling cows

Aggrey

Siachimputi, Zambia

42% repaid

Entrepreneur

Name

Aggrey

Member since

September 2015

On-time repayments

113 installments  •  44%

About Me

I had to stop my education when I was 23 because there was a lack of finances, so I had to be away from school for 20 years. I got married and got seriously into farming. Life was not so easy because there were some barriers like communicating in the official language, English. After I realized the importance of school, I went back to school, and I will be completing my secondary education in August next year. I am looking forward to studying more. Education is the best equalizer in life.

My Business

All my activities with the loan will be very much attached to farming activities. Currently I have been doing business as a small-scale farmer, but the main aim is to commercialize my farming activities. I will use this loan to buy cattle, fatten them, and sell them for beef. People normally eat beef, they like beef, and they get their protein. All across Africa, it is more or less a staple food.
I do farming because it is an inborn business. When I was born, my father was doing farming. In short, it is the business that I understand better.
One cow is around 4,000 kwacha, and when you sell it, you might get 5,500 for it. There is also a need to spray for ticks, which costs about 500 kwacha to spray about 20 animals for three months.
I use the profits for my school and my childrens' school, for home use, and at times helping the needy. I will also invest more in agriculture.

Loan Proposal

I will use this loan to buy one cow. The minimum price for a cow I would buy is 2,500 kwacha (255.20 USD). I will use some of my own money to buy one cow. This will improve my capital. I think I can make 50% of this as profit, which is 1127 kwacha (115.05 USD) from the loan.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$249.00

Date disbursed

May 30, 2016

Repayment status

Late

Projected term

22 months

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  • Gerry    Mar 15, 2017

    Hi Aggrey. I hope all is well with you. Thanks for restarting your payments in February. Can you please give an update on how you are doing?

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  • Gerry    Aug 17, 2016

    Thanks for being faithful to your commitments. I hope this and every day you are blessed!

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  • Aggrey    Jun 15, 2016

    Iam glad to inform you that I received 2200 ZMW , as my second loan . I am excited to say , I have already bought myself another cow .
    I am so grateful to the financier and Zidisha . Please continue with the good work and God bless you mightily.
    NB ; I will in due cause send you the picture for the cow .

    Aggrey

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  • Aggrey    May 30, 2016

    I am planning on buying and cow and this cow will help increase my capital. Thank you very much for supporting my buissness!

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  • Gerry    Jan 26, 2016

    Aggrey, you have been doing very well and thank you for being a good steward of the loan. Keep up the great work!

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  • Aggrey    Dec 21, 2015

    i have started doing my business and everything is going on well.

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  • Aggrey    Dec 5, 2015

    I received the money. Thank you everyone.

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  • Aggrey    Dec 1, 2015

    Thanks to everyone who lent money. I hope to get the money soon.

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