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

None

None

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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  • Chama Lusaka    Aug 2, 2021

    I talked to mark and said he will pay back the loan this month

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  • Chama Lusaka    Jul 1, 2021

    My dear lenders
    I have managed to talked to Mark and he said that will pay back the loan soon.

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  • Mark Banda    Jun 29, 2021

    Business not going as expected

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  • Jesper Kamuhuza    May 15, 2021

    Mark is in the market selling his farm produce so that he can repay his loan.

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  • Mpundu Mercy    Apr 27, 2021

    He said that he will manage to pay back the loan next week

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  • Mark Banda    Apr 10, 2021

    My farming business has been affected with the current increase in farming commodities.

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  • Mpundu Mercy    Mar 25, 2021

    He said that he wil repay next week.

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  • Mark Banda    Feb 23, 2021

    The reason I changed my installment plan is because of the power rainfall we have received in the past month. Hopefully we have great year of rainy season now

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  • Salome Makuwa    Feb 21, 2021

    Mark told me that he will be able to start paying this week

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  • Mark Banda    Jan 20, 2021

    I want to thank you all for this loan. With this loan I will buy spares for my plough so that it can help me with weeding and ploughing my farm.

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  • Mark Banda    Jan 13, 2021

    The last loan I managed to buy a fridge behind me to increase the number of beverages stocked.

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  • Mark Banda    Jan 11, 2021

    The previous loan helped me expand my business during the festival season though it was disused to me after Christmas I was able to grow my business through an additional stork.

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  • Mark Banda    Dec 23, 2020

    I will restock my beverages hence it will help me have more sells during this festival season. I would like thank you all..

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  • Mark Banda    Dec 22, 2020

    The loan really helped me up my stock as a result increased my sales. I would like to thank all my lenders

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  • Mark Banda    Dec 10, 2020

    I’m going to restock my beverages which is going to help me have enough stock in my bar during this festival season. I thank you so much for the loan.

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  • Mark Banda    Dec 10, 2020

    The loan helped me expand my stock in my business as I target to have more stock of beverages during this festival season.

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  • Mark Banda    Nov 29, 2020

    Thank you very much for the loan. I will use this money to order beverages for my bar to increase my stock. This will help me generate lots of profits as we head towards the festival season as a result increase my stock.

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  • Mark Banda    Oct 23, 2020

    Thank you for the loan I really appreciate. I am going to restock my alcohol which is going to make my business grow.

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