Muswangeli Tongo Chibaba
29 weekly installments • 62%
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.
This time around I want to use the loan to some pesticides, weed killer and herbicides because the maize in field is grown very well and the vegetable besides the maize. I want to produce a good crop yield and a good harvest for 2020 to 2021 marketing season. The maize is almost rip and this is the time when dangerous pests invade the crops, I want to buy these pesticides and weed killer to avoid these dangerous insect from attacking the crops. When you have a good production you are rest assured of good profits.
Risks are there especially during this second wave Covid 19, but I have diversified into many businesses, I have poultry were I rare broiler and layer chickens for sale. Right now am selling the broiler chickens .Apart from that I have also a mini mart or shop and I make daily income which I save for reinvestment. From the daily I generate I will strategize to repay my loan in the coming weeks.
Jan 22, 2021: Muswangeli's maize field & vegetables
Jan 30, 2021
Cost to entrepreneur
Service fee: 5% of $570.88 = $38.04
Credit risk payment: $152.23