13 installments • 62%
My name is Evans sambwa am aged 35 years old. I come from a family of 2 boys and 1 girl and am the second born. I was born mufulira but am based in ndola at a farm at the moment. The economy in my country has been very tough. I studied diploma in civil engineering but don’t have a job. That’s how I decided to start business to overcome this challenge of lack of unemployment. I have one child and when she grows up she wants to become a Doctor. My hobby is farming.
I started this business of fencing farms and houses long time ago to support myself and family and also save from it in order to raise money to go back to school and upgrade my studies. I realized that because of too many theft cases most people want to feel secure where they stay or live either at the farm or at home. The expenses I face are transport of materials from one place to another. When I have some good money I hope to buy a van.I hope to expand this business so it can fetch me some more money to take care of my many responsibilities.
Firstly I thank my lenders for helping me with a loan. And this loan am applying for now I want to buy fencing materials for my customers farms so that am paid both material and labour. This way I make more profit than just providing labour. I will buy rolls of game wire and treated wooden poles as well as nails in different sizes. My business is on demand as most people want to secure their land. Once I get these materials I will use to fence a farm for my client who will pay me and the profit I get from this business I will reinvest back in the business and also use part of it to take care of my family. I hope my business to increase even by a small percentage of course it wont be the same.
In case I face any economic challenges I also have my own piece of land where I am planting a variety of vegetables which I sell to the nearby areas. I live in a farm area so there is demand for food by a lot of people. I also own a mobile money booth where I have employed a young lady. From there I raise some money also and should the economy give me challenges where maybe I fail to find customer for fencing business I can easily make money from other sources I have mentioned and repay my loan.
Jan 2, 2021
Cost to entrepreneur
Service fee: $5.09
Credit risk payment: $11.24
Optional expediting fee: $10.23