Maize milling service

Steven Lungu

Lusaka, Zambia

7% repaid

Entrepreneur

Name

Steven Lungu

Location

Lusaka, Zambia

On-time repayments

19 weekly installments  •  63%

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

Once again am requesting for the loan to buy more maize for milling mealie meal, the harvest time is here now and demand for maize for making mealie is very high. If I bought more maize for milling mealie meal I will make more profits because the demand is overwhelming, The profits I will make I will use them to reinvest and grow the business during the marketing season for maize and improve the living standard of my family and expected profit is between 45,000 to 70,000 ZMW.

Income Source

This business I do generates good income every day, I will work out a plan to save some income towards repaying the loan. I addition to that I sale the maize bran to farmers who rear chicken and therefore make some income which I can add on when repaying the loan.

Feedback

1

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None

  • 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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Loan Info

Project Type

Classic Loan

Disbursed amount

$418.83

Date disbursed

Jun 16, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $418.83 = $29.33

Credit risk payment: $176.15

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