Transporting pineapples to market

Faustina Bwalya

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Faustina Bwalya

Location

Lusaka, Zambia

On-time repayments

23 weekly installments  •  43%

About Me

My name is Faustina Bwalya am a business young I was born on 23rd July; 1997. I went to Matero Girls Secondary School where I completed my high school passed with flying colors. The following year upon completion I got a part-time job as a cashier and started raising money to go to college. Due to high tuition fees at the time I decided to venture into trading with agriculture produce.

My Business

Am a trade of agriculture produce, I sell vegetables, maize, beans, tomatoes, onions, and carrots. The demand is very high more especially in a chain store and mini supermarkets. I choose this business because it has a profit margin and earns a good income within a short time. I spend K 15000 to order all the goods needed and I make K 5000-K 7000.00 as revenue. Therefore the profits I use them for home improvement, business expansion and save the money for school tuition fees.

Loan Proposal

I still need more funds to transport more pineapples in Lusaka City were the market and demand is high so that can generate profits very fast and buy other farming inputs to use in forth coming farming season.

Income Source

Due to covid 19 this year's marketing season has been prioritized locally no exports at moment hence i have not been affected at all, am capable of repaying my loan in the next coming weeks because daily income sales.

Feedback

1

None

None

  • Sebastian    Aug 26, 2020

    Everything went well and i was glad i could help a little bit! Kind regards

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$33.56

Date disbursed

Jul 17, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.48

Credit risk payment: $1.97

Lenders

Jason

Auckland, New Zealand

MJ

Myles Johnson

United States

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