Fish farming business

Ng'andu

Chingola Town, Zambia

Funds disbursed

$0 to go

100% funded of $49 goal

0

days left

Entrepreneur

Name

Ng'andu

Member since

July 2020

On-time repayments

16 installments  •  25%

About Me

My name is Morgan Ng'andu born on 16 November, 1997. I come from a humble background and i raised in the rural area or outskirt of town,i grew up with my Auntie who took care of me since i was a child when my parents died.I was sent to Twatasha Primary School and qualified Lulamba Secondary School in Chingola in town.When i completed my high school i obtained a school certificate with a merit and i selected to at Evelyn Hone College to study Pharmacy.

My Business

I mainly fish supply both fresh and dry these are bream, bottle fish and tiger fish.I also ran a drug store in our community i provide clinical services and sell drugs to people.When people get sick they come to sick medical attention because the drug store is the one near by and the demand is very good from the people of the community.I have invested K 20,000 as my working capital and i make between 4,500 to ZMK 6000, as profit per week both my business.These profits i use to help develop the standard of living, paying of school fees for my children and i also for reinvestment to ensure the business is running very well.

Loan Proposal

I still need more fishing net this September am planning to catch more fish of different types because this month end the fish ban has been lifted, i need to have more nets and strong to ensure i have no challenges.Fish selling is highly profitable because of its demand.This summer i need to stock and catch more fish to supply in supermarkets and shops.

Income Source

Fish business is not affected and the business doing fine.All in all it has not been affected most people like and but a lot.I want the profits I will make to repay this loan.Thank my renders and God bless you.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Oct 21, 2020

Repayment status

Late

Projected term

2 months

Lenders

A

Andy

United States

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