Farming business loan

Langson Njovu

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Langson Njovu

Location

Lusaka, Zambia

On-time repayments

7 weekly installments  •  14%

About Me

My name is Langson Soko and am 21 years of age. Am involved in farming business, I live in the rural area of Mumbwa district of Zambia. Am interested in Zidisha loan because I want the loan to help me in my farming business at the farm.

My Business

Am very much involved in farming businesses, grow maize, vegetables, groundnuts, cassava, sweet potatoes and also I rare broiler chickens, layers and village chicken. When the crops grow I sell them and I earn good money which helps my family to improve the living standard of life and reinvestment.

Loan Proposal

With this loan applying for, I need to use it to buy farming inputs for my crops and my poultry farm business at the farm. Without farming input it is very difficult to grow crops and also poultry business. I need to buy fertilizer, stock feed, pesticides and chemical for the chicken. This will help me produce good crop yield and good chicken production.

Income Source

At the farms I grow fruits such as bananas, oranges, lemon and guavas for sell, they also give income that can help me repay the loan on time. Addition to that this I have also opened small shop where am selling drinks to increase my financial base.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$58.82

Date disbursed

Jan 30, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $3.88

Credit risk payment: $10.18

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