Crayfish distribution

Mabel

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mabel

Member since

March 2018

On-time repayments

142 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)

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  • Ed    Feb 26, 2021

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

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  • 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.

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  • Erik G    Jul 12, 2020

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

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  • Eric Albert    Jul 12, 2020

    Well done!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$491.64

Date disbursed

Mar 5, 2021

Repayment status

Late

Projected term

7 weeks

Lenders

B

Bpryse

Long beach, United States

MindMuse

Talking Rock, United States

JimVandegriff

Trinidad, California, United States

ElWal

Kirn, Germany

Jan

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

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  • Mabel    Jan 15, 2022

    We are expecting new stock to come in and also new customers acquired to complete the cycle

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  • Mabel    Jan 5, 2022

    Still waiting for payments

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  • Mabel    Nov 22, 2021

    There have been some delays in getting our suppliers to pay on time

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  • Mabel    Nov 14, 2021

    Waiting to receive payment from clients

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  • Mabel    Nov 14, 2021

    Haven't received payment yet. Will repay as soon as I get the monies from my clients

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  • Mabel    Oct 19, 2021

    Due to covid19 most of our clients we supplied huge quantities haven't been paying on time. We hope to clear the remaining balance as soon as possible

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  • Mabel    Oct 13, 2021

    Still waiting for payments from clients after supplying them with Crayfish,will make full payments as soon as the clients commit.

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  • Mabel    Aug 25, 2021

    Bringing new stock to distribute

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  • Mabel    Jul 24, 2021

    We are working on improving our delivery services for our products

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  • Mabel    Jul 24, 2021

    We are working on improving our delivery services of our products

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  • Mabel    Jun 28, 2021

    New equipment is being installed that will make our process more efficient

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  • Mabel    Jun 17, 2021

    Dear zidisha lenders, your support has enabled me to grow my business and I hope you will participate in future loans

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  • Erik G    Jun 15, 2021

    Dear Mabel - you have always been so consistent in meeting your loan repayments and effectively managing the growth of your business. Very happy to be able support you new loan request. Wish you continued success. Thanks for the great communication as well! Best, Erik

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    • Mabel    Jun 16, 2021

      Thank you Erik G for your financial and encouraging words. You have really supported and helped my team and I to get to where we are and be able to deliver to other towns. Our business has really grown. Thank so much

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  • Mabel    Jun 15, 2021

    Thank you for your generous support zidisha lenders

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  • Chiozya    May 23, 2021

    Dear lenders,

    I spoke with Mabel and she plans to make a repayment towards her loan next week. Thank you.

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  • Mabel    May 17, 2021

    We have had more customers that have ordered our products and are waiting for payments.

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  • Mabel    Apr 11, 2021

    We are working on expanding our services

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  • Mabel    Apr 2, 2021

    Thanks zidisha lenders for the loan I will work hard to repay

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  • Mabel    Apr 2, 2021

    Thanks for the support zidisha lenders, this loan will help me expand my business into other areas.

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  • Mabel    Mar 30, 2021

    Fish sales have gone up with more demand for our products which are caught wild.

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