Farming inputs to sell in my agro-shop
Richard
Kitwe, Zambia
100% repaid
Entrepreneur
Name
Richard
Member since
November 2020
On-time repayments
15 installments • 60%
About Me
I am Richard Kumwenda and I am based kitwe
in Zambia. I was born in 1998 in a family of 10. I went to primary school and
then finished my secondary school. I always wanted to study Agriculture science
but when I finished in college they were no jobs. So I established my own
business. I am married with 1 child and she wants to become a Farmer when she
grows up. My hobbies are reading motivational books.
My Business
From childhood I always had a dream of owning my own farm when I was growing
up so after I finished to senior secondary school,I did agriculture studies to
learn more about farming. With some money from my parents I bought a small
piece of land and started farming then later I reaslised that most farmers had
a challenge of getting inputs then I opened a small agro shop where I sell
variety of farming inputs from feed, seeds, insecticides and many more. With
the profits from the agro-shop I also managed to acquire bigger land where I even have 2 workers now. The profit I make from the agro-shop is sustaining my family and my business is increasing. The expense I encounter is transport I don’t have a vehicle so to order things and
bring them to the shop I have to hire transport.
Loan Proposal
Its my sincere hope that my loan is approved by my my awesome lenders and the money I wil get will be used strictly used to order more farming inputs in my Agro-shop to meet market demand. Also as we approach farming season in my country the demand for farming inputs is so high. I will buy seeds, fertilisers, insecticides, pesticides and animal feed so that I can fill my shop and be ready for my customers. My profit will increase and I will use it to reinvest in my business. God bless you
Income Source
In my country Zambia,the demand for farming inputs is very high throughout the year so am able to sell almost everyday even in times of economic hardships. Besides am a farmer so I also produce for the market and demand is very high and because of the high demand I make high incomes every week even so I still have enough income to help me repay my loan in good time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Nov 15, 2020
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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