Buying spare parts for my ploughing tractor

Mark Banda

Lusaka, Zambia

8% repaid

Entrepreneur

Name

Mark Banda

Member since

October 2020

On-time repayments

26 installments  •  38%

About Me

I am a small scale Farmer and bar/ liquor business man. I started my business in 2018 after I dropped out of university to sponsor my siblings education. I am the only breadwinner of my family and with this economy it has been far from easy. but I am grateful that my farming and business is able to sustain me despite all the challenges.

My Business

Shi konko umu folo Bar is a unique gathering place in lusaka. By providing exemplary service a vast selection of beer and wines and local award winning food in a relaxed comfortable setting, the Shi konko umu folo is the premier bar that ‘the locals’ go to in lusaka Zambia.

I am also a farmer mainly in maize farming that is seasonal as now is the rainy season in Southern Africa I have ventured in maize and cotton farming. Zambias staple food being maize I contribute to the 2% of the countries maize stocks.

Loan Proposal

I would like to get spares for my ploughing tractor. As this is the time we are removing weeds from the crops, my plough needs new spares to have a smooth farming season.

Income Source

I am aware of the risks but I have a higher advantage as other farmers are buying seedings and vegetables from me for resale. it is very unlikely that I can fail to pay the loan also this is not my only source of income as I run a bar.

My Videos

Jan 14, 2021: Removing the weeds from the crops

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$389.28

Date disbursed

Jan 21, 2021

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: $23.78

Credit risk payment: $71.34

Optional expediting fee: $47.56

Lenders

S

stroll

Stockholm, Sweden

Alessandro

Verona, Italy

Mikers

Netherlands

Fox Family

Costa Rica

TO

Thomas O'Neil

United States

B

BSM

France

Michael Bauschke

Dresden, Germany

Jeff Tyler

Poquoson, United States

Dieter Meeuwis

Deurne (Antwerpen), Belgium

mabo

Germany

World Centric

Sonoma County, California, United States

PV

Plukgeluk VZW

Antwerp, Belgium

Black and White Zebra

Vancouver, Canada

Greg

Yokohama, Japan

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