Entrepreneur
Name
Zengani
Member since
April 2021
On-time repayments
7 installments • 71%
About Me
Hello.my name is Zengani mhango a business lady from Lusaka Zambia. I was born in a family of 3 me being the youngest. I have a brother and sister. I started school in Chunga material And easy way private school and spent my senior secondary days at st Mary’s in Lusaka where I graduated and went to Nipa (national institute of public administration) in Lusaka where I graduated with a diploma in public administration.
My Business
With a diploma in public administration and a few business running I am currently running a small food processing coming in Lusaka town center. This means we spend most of our time out on farms looking for cheaper sources of meat and processing and packaging meat for supply. The names of the company is Lusaka meat supply. We’re also hands down on to agriculture farming dealing with soya beans and groundnuts. That’s how we arise money to pay for bills and rentals and survival
Loan Proposal
Dear lenders
I would like to begin by saying a big thank you to everyone that has reached out to support my business by lending to me through Zidisha. No words can describe the feeling of gratitude I have towards your kindness.
I’m applying for another loan to help me get more goats and pigs for supply. I have increased the number of pigs from 5 to 10 now and that of goats from 10 to 15. This loan will help cover for cost of transportation and hiring of man power to help find more places to buy goats and pigs. Since we’re now supplying goats in Lusaka and no longer have to go to kasumbalesa (zambia- Congo border) to sell them. The market is ready and buyers are always open for purchase anytime of the day and week as long as the price is fair. The business faces little to no risk because of its demand and that in turn yields good profits for me and my family and those working with me. The average price for one pig is ZMW 500 and it can be resold for about ZMW 700-800 depending on the size. That’s means ZMW 200 additional profit after which I have to minus everything from the transport spent and lodging fees which still gives me a good profit to continue and that is where this loan will be of great help.
Income Source
Repayment of the loan in the time that I’ve set is not going to be much of a problem because I’m able to raise and meet my deadline even before it reaches. The business I’m currently doing holds little risk as there is huge demand for meat produce especially livestock. This created demand will bring lots of customers which are already waiting for my calls to supply and that is how I plan on raising money to cover for the costs. Looking at my past installment payments I hope you find my profile credible and worthy of your quick assistance. The faster the loan gets to me the easier and faster it is for me to make transactions and payback the loan from my little profits. I hope this application meets your helping standards.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$65.00
Date disbursed
May 1, 2021
Repayment status
On Time
Projected term
3 weeks
Lenders
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CMB Apr 17, 2021
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