Entrepreneur
Name
Morton
Member since
December 2015
On-time repayments
97 installments • 96%
About Me
My name is Morton Chizunga. I was born on July 17th 1977. I have 3 children and I care for 2 orphans as well. I live in Manyaana Area in Mazabuka district in Southern Province. I am a farmer and I'm applying for this loan because I want to do trading in wholesale beans and kapenta (fish), while also investing in my children, my livestock, and my store. In my free time I am active in my Seventh Day Adventist church.
My Business
On my farm I'm growing maize, groundnuts, cowpeas, and sweet potatoes. I also keep chicken and goats. My wife and I also operate a store in Monze town that sells beans, kapenta (dried fish), and cooking oil. With my first loan I was able to pay my sons school fees while also expanding my business and saving some more money. I was able to invest money in rental property I am building in Monze. My second loan allowed me to invest even more into my children's education and my business did very well. I hope that with this third loan, I will be able to add more inventory to my shop and bring in more income.
Loan Proposal
I'm currently operating a store in Monze town selling Beans, Kapenta, Cooking Oil, and I would like to add Maize to my inventory as well. In a good week I can make 300 kwacha for beans, 200 kwacha for kapenta, and about 300 kwacha per week for Maize. I'm also still paying school fees for my sons, the oldest of which is in grade 8.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$361.00
Date disbursed
Feb 25, 2017
Repayment status
On Time
Projected term
12 months
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