Help me grow my kapenta and fish business

Concepter

Choma, Zambia

75% repaid

Entrepreneur

Name

Concepter

Member since

November 2016

On-time repayments

70 installments  •  37%

About Me

My name is conceptor nchukwa from southern province of choma zambia who was born in 1997 at choma general hospital, am from a family of 5 and i happen to be the 3rd in a family of 5. i started my schooling in the year 2 003 at nahumba basic school were i did my primary and attained my primary certificate, i later graduated to choma day high school for my secondary level and attained my secondary school certificate going for high school. i completed my grade 12 in the year 2015 at choma day high school.I havent been able to attend college because of lack of finances

My Business

i supply people with relish like kapenta and fish, these foods are on demannd in such a way that people in my area find it so hard to go out at the market to get because of th hot weather but as for me i do my business as a mobile one were i go round selling making it easy for them to afford to buy. i order them a whosale price of upto $1.2 a bag and when i supply at retail i get at about $40 for each bag i order. i bank the profit money in my account because as soon as i raise enough i want to go to college.so far my business is not so bad.im hereby applying for a new loan so that i can invest more in my business

Loan Proposal

when i recieve the loan,i will use the money to order fish and kapenta.kapenta will cost me $100 for a 90 kgs bag.from that im able to make $140 dollars which means $40 dollars is my profit.Il order fish for $70 dollars.a kg of fish is $1 dollar.so il be able to order about 70 kgs of fish and me i sell fish at $3 dollars per kg.I believe il be able to raise money for college as well as payback my loan with this investment.This will benefit me and my customers as well

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Aug 24, 2017

Repayment status

Late

Projected term

8 months

Other loans

Lenders

Johannes Duerk

Bochum, Germany

Marcus

Germany

Paul Buchheit

Mountain View, United States

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