Digging well at my farm

Abraham Mutambo

Ndola, Zambia

100% repaid

Entrepreneur

Name

Abraham Mutambo

Member since

December 2020

On-time repayments

25 installments  •  40%

About Me

Abraham mutambo is my name. I was born in zambia and i have small farm. I was born in a family of 4, 2 boys and 3 girls. I am not yet married but i have a fiancee. I am a farmer and i want to study agronomics if i raise enough in my business. I wasnt able to go to college after i finished secondary because of lack of finances. With support from zidisha i have confidence that i can make it in my life. In my free time i play football.

My Business

I sell mainly tomatoes and onions. These two items are daily needed by customers. I sell usually in different markets. What i do is that if my plants are not yet ready at my farm i buy from nearby farms and supply to the markets at a profit. I chose this business because it can surpass all businesses, food is an essential commodity and agriculture is the backbone of many countries.

Loan Proposal

Thanks to my lenders for the previous loan. I managed to buy tomatoe seedlings and i want now to have a loan so that I can pay for service to people who will be digging a well. When it rains there is too much water and it affects my plants so i want to dig a well and install a pump so that i can be watering my tomatoes with amount of water required.The profits i make from selling tomatoe i save for my education and i also buy food at home.

Income Source

I have a savings account everyday when i sell i save part of my profit in this account. so when there is economic challenges i can rapay my loan from my savings.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$175.47

Date disbursed

Jan 18, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $10.71

Credit risk payment: $34.31

Optional expediting fee: $21.41

Lenders

L

Liz

Nowra, Australia

WE

Wendy Emlyn

Devon, United Kingdom

Carla

Amsterdam, Netherlands

Rose Life

Columbus, United States

James

London, United Kingdom

MC

Mark Cowburn

United States

F

Frank

United States

Paul Buchheit

Mountain View, United States

E

EJOBIV

United States

World Centric

Sonoma County, California, United States

EW

Eric West

United States

J

John

Germany

DK

Daniel Kalla

Saint Paul, United States

T

Thijs

Netherlands

K

Katka

Germany

A

Anonymous

United States

RA

Ray and Abram

Melbourne, Australia

Ask Abraham a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...