Increase stock of fruits
Duncan
Kitwe, Zambia
$0 to go
100% funded of $125 goal
0
days left
Entrepreneur
Name
Duncan
Member since
December 2020
On-time repayments
13 installments • 69%
About Me
My name is Duncan Phiri, I am from Kitwe in Zambia . I did my primary education and later completed my secondary education at a boarding school in monze. I couldn’t go to college because of lack of funds. I worked in a barber shop for two months I was paid and I bought a shaving machine and started my own business. Besides that when I was at boarding school I was exposed to agriculture and that has become my main business now.
My Business
How I started my business was as a result of lacking financial support to go to college but I think I will be able to go one day. I run a barber shop where I have employed one young man and I also rent a small piece of land where I grow mainly fruits and tomatoes. People want to live healthy and fruits are on demand. I also buy fruits from other farmers in bulk then I sell at retail price at the market in kitwe. The major expense I face is transport charges and also fertilisers when growing my fruits.
Loan Proposal
I want to thank all lenders for my last loan. Now I need to increase stock of fruits for sale and am applying for this loan to achieve this goal. Apart from the market I will also be selling at a local hospital which usually has patients admitted. Many visitors to the hospital like carrying fruits as they meet patients in the hospital. Am positive to sell and make profit which I save for college fees and I repay my loan .
Income Source
I raise money also from my barbershop where I have business everyday. So if my business of selling fruits faces any economic challenges I still have another way of making money. Again I believe even when there is economic crisis there is still demand for food and fruits. I will repay the loan and no excuses.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$125.00
Date disbursed
Feb 10, 2021
Repayment status
Late
Projected term
4 weeks
Other loans
Lenders
Luxembourg
United Kingdom
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