Concepter
Choma, Zambia
75% repaid
Name
Concepter
Member since
November 2016
On-time repayments
70 installments • 37%
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
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
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
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Aug 24, 2017
Repayment status
Late
Projected term
8 months
Other loans
Ask Concepter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.