Crayfish distribution

Mabel Mwanza

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mabel Mwanza

Location

Lusaka, Zambia

On-time repayments

132 weekly installments  •  64%

About Me

My name is Mabel Majula and i am a hardworking mother of two children. I am a businesswoman and i trade mainly in fish products from the lake to the market. I have a business called Lake Farms where i sell mainly Tilapia Fish, Bream and Crayfish. In my country this business is mainly dominated by men but because of the perseverance i have managed to overcome some of the challenges i have faced when setting it up.

Every day i got out to the lake and welcome the wild catch of local, independent fishermen. My goal is to make their delicious, sustainably-caught and reared fish available to everyone. I have spent years developing relationships with fishermen and docks around Lake Kariba, and i support traditional fishing communities that take pride in feeding their fellow fish fans. My business is built upon transparency, so you always know where your fish comes from and the short trip it takes to your table. Almost as if you caught it yourself.

Lake farms is committed to the idea that we can, and should produce more fish in Zambia. This fish should be free of hormones, antibiotics, and industrial pollutants; it is our responsibility to provide the consumer with a healthy product. And this product should be produced in a way that does not do damage the local environment, respects our gift of water, and enhances the local social system that produces it. here the lake is vital to the local culture and economy, and we are committed to protecting marine biodiversity in ways that benefit coastal people for whom the lake is a source of livelihood and so we see a need to diversify traditional small-scale fisheries which are fundamental to the livelihoods and food security of many of the people around this area. Yet marine ecosystems and the fisheries they support are facing unprecedented pressures.

My Business

the primary product that i sell is Nile Tilapia and crayfish which is found in Lake Kariba and caught wild. I discovered the Crayfish was being caught in the fishing nets and cages with the fish but the fishermen and women were throwing it back into the water because they didn't know that it could be eaten or that there was a market for it and yet this is a delicacy in other countries that can earn up to $20 a kg, so i organised the women in the community to be collecting and harvesting the crayfish as another source of income. Bream fish, popularly known as tilapia, is one of the most known members of the tropical and subtropical freshwater fishes. It is recommended as a culture fish species because of its importance in aquaculture and its capability in contributing to the increased production of animal protein in the world. Tilapias are successful aquaculture fish because they are hardy and easy to grow, white-fleshed, mild-flavoured, and appeal to the palate of consumers.

Because of this business i am able to pay for a small oulet where i sell fresh fish and live crayfish to my customers. The crayfish is highly profitable and very much feasible for surrounding shrimp cultivation areas. Also, the market is very smooth and linked with international market. The project will support many households for the fishermen who harvest the tilapia crayfish. With Zidisha Lenders support we want to increase our sales of crayfish and set up a floating cage on the lake.

Loan Proposal

With this loan I will be able to supply crayfish to my customers and ensure they have fresh and delicious meals. I plan on expanding my business this year to have more customers.

Income Source

Our customers need fresh food especially fish products and we will ensure they are able to do this by delivering fresh products to them.

My Videos

Jan 29, 2021: To buy styrofoam boxes

Feedback

5

None

None

  • Ronald    Oct 27, 2021

    Good work! I wish you and your family a happy life :-)
    Never give up!
    Sincerly Ronald (Switzerland)

    Log in to reply • Share
  • Ed    Feb 26, 2021

    Glad to loan to Mabel, it was a pleasure, good luck in all your endeavors

    Log in to reply • Share
  • David    Jul 14, 2020

    Loan was originally scheduled to take two weeks. Comments explained a delay and a large sale resulted in the loan being paid off after about a month. Well done and good luck.

    Log in to reply • Share
  • Erik G    Jul 12, 2020

    Prompt repayment and in full... Thanks and well done Mabel!

    Log in to reply • Share
  • Eric Albert    Jul 12, 2020

    Well done!

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$491.64

Date disbursed

Mar 5, 2021

Repayment status

Late

Projected term

7 weeks

Cost to entrepreneur

Service fee: 5% of $491.64 = $27.23

Credit risk payment: $81.75

Lenders

B

Bpryse

Long beach, United States

MindMuse

Talking Rock, United States

JimVandegriff

Trinidad, California, United States

ElWal

Kirn, Germany

Jan de Wit

Utrecht, Netherlands

V

Vivek

Arlington, VA, United States

N

Nick

United States

The Zinc Team

San Francisco, United States

Vratik Krocik

Prague, Czech Republic

D

Dave

Dropmore, Manitoba, Canada

M

Maria

Germany

EG

Erik G

Switzerland

Olly Ishmael

Aberystwyth, United Kingdom

K

KM

United States

Heather

United States

Ask Mabel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...