Fish & kapenta business

Philip

Ndola, Zambia

100% repaid

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How it Works

Entrepreneur

Name

Philip

Member since

August 2017

On-time repayments

8 installments • 63%

About Me

I am a middle aged Zambian dealing in the supply of food stuffs such as beans, kapenta (sardines) and fish.

I am married with 2 children, both boys. The older one is going to 6 years while the younger is 2 going to 3.

My wife is fully involved in business with me and is also on the Zidisha platform in her own business as well selling second hand clothing

My Business

I am a middle aged Zambian dealing in the supply of food stuffs such as beans, kapenta (sardines) and breams.

I am currently focusing on fish which I acquire from the southern part of Zambia particularly Maamba and Sinazongwe and supply to Lusaka and Copperbelt provinces. I get the fish at about K13 per kilogram and supply it at K35 per kilo.

With Zidisha's help, I have been steadily improving both the quality and quantity of my stocks and my business is much better right now.

We have now started smocking the fish as the smocked ones are fetching as much as K70 per bundle which costs roughly K20 to procure.

Loan Proposal

I GET SARDINES FROM THE SOUTHERN PART OF ZAMBIA AND RESELL AT WHOLESALE PRICES ON THE COPPERBELT PROVINCE. I WANT TO INCREASE THE VOLUMES THAT I DEAL IN. BECAUSE I DO WHOLESALE, MY MARGINS ARE A BIT LOWER BUT I WORK ON VOLUMES SO MY TURNOVER IS A BIT FASTER. YOUR LOAN WILL HELP ME INCREASE THE VOLUMES OF DRY SARDINES THAT I GET.