Name
Steven
Member since
February 2021
On-time repayments
22 installments • 68%
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.
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.
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.
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$418.00
Date disbursed
Jun 16, 2021
Repayment status
Late
Projected term
2 months
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Amount repaid
$29.95
Amount remaining
$388.88
Expected completion
Aug 29, 2021
Status
Repaying late
Installment amount
$9.98
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 27, 2021 | $9.98 | Jun 27, 2021 | $9.98 |
Jul 4, 2021 | $9.98 | Jul 4, 2021 | $9.98 |
Jul 11, 2021 | $9.98 | Jul 18, 2021 | $9.98 |
Jul 18, 2021 | $9.98 | ||
Jul 25, 2021 | $9.98 | ||
Aug 1, 2021 | $104.72 | ||
Aug 8, 2021 | $104.72 | ||
Aug 15, 2021 | $104.72 | ||
Aug 22, 2021 | $41.74 | ||
Aug 29, 2021 | $13.02 |
Heather Mar 19, 2021
Steven Apr 1, 2021
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