Lawn mowing & selling bags

Shadrick Kapolyo

Chililabombwe, Zambia

100% repaid

Entrepreneur

Name

Shadrick Kapolyo

Member since

September 2020

On-time repayments

28 installments  •  93%

About Me

My names are Shadrick Kapolyo, from Zambia on the boarder town of Chililabombwe, on the copperbelt province. My career journey in life as seen me through some of the most interesting episodes in life. From the hey days in school, at Mungwi Secondary Technical School, in the Northern part of Zambia, and Kasama in particular to rose days as a banker with Barclay bank pls, and then Finance Bank Zambia Ltd, and life in the mining industries of Northwestern province, Solwezi.
Life can really be interesting, its like they say, life is what you make it, i could comfortably say i have had it all. Now settled in Chililabombwe, life has to continue, i have always dreamed of running my own affairs (business) and the boarder town provides that unique platform for both start-ups and established businesses, the common adage; ''any thing sells in chililabombwe/Kasumbalesa'' can not be over emphasized. Mine is to one day grow my Agric feed business, supplying agricultural feeds to poultry famers both local and across the boarder.

My Business

My business is currently seasonal, am operating lawn mowers, with hired laborers, this business though seasonal is very profitable. Currently i have two machines, one is electrical and the other is petrol powered. From what i have seen in the past season, this is far more profitable than running a fleet of taxis, as the operating costs are far too little compared with running a taxi, better still, the capital employed could be 1/200th of that of buying car. The daily cashing from a lawn mower business, is three or 4 times higher. This comparison arises from the fact that i have operated a taxi business before, whilst am almost set on this business, my eyes are still focused on running a Agric business, which logistics are almost done.

Loan Proposal

Interestingly, am still working with my lawn mowers, one is up and running, thank God the rains are here, and my boys are busy in the field. The manual operated machine is still work in progress, as i wait for some spare parts.
Am planning big, one eye is focused on repairing the other lawn mower and the other eye is set on acquiring at least one or two more machines.
Am also diversifying in into selling plastic-carrier bags in the market places, to take advantage of the busy boarder town. The ground work and the surveying in the market is already done. Am set to go.

Income Source

My lawn mower business is a sure success, with the onset of the rains. The plastics business looks very promising from the indicators so far surveyed.
I also have the optional of rental income and my spouse's income to cushion the short fall.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$616.75

Date disbursed

Dec 26, 2020

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $37.68

Credit risk payment: $113.04

Lenders

Kitty

Hailsham, United Kingdom

F

FHult

Stockholm, Sweden

B

bileiro

Mandaluyong, Philippines

MrMichigander

Marquette, United States

G

GoughGirl

Washington, Dc, United States

S

Sven

Netherlands

CC

Catherine CatDesignz

Halifax, United Kingdom

roark22

Geneva, Switzerland

Sinan Taifour

Munich, Germany, Germany

Ren

Minneapolis/StPaul, United States

JH

Joseph Hwang

Houston, United States

Paul Buchheit

Mountain View, United States

R

Ray

Australia

MO

Markus Oma

United States

Remo

Switzerland

WV

Wouter van Buizen

Amsterdam, Netherlands

DO

Denis Ontiveros

Guildford, United Kingdom

We Not Me

St. Paul, Minnesota, United States

R

RM

Australia

L

Lisa

United States

Girolamo Marroccoli

Basel, Switzerland

EA

Eric Ayers

Atlanta, United States

Peter Collins

Darmstadt, Germany

C

Charles

Australia

C

Camm

Australia

Dao Nguyen

austin, United States

alexalexalex

Berlin, Germany

MO

mark odermann

United States

DL

Daniel levy

United States

Andrew

United States

JR

Jose Ramirez

World, Spain

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

NB

Nikolaus Bührer

Karlsruhe, Germany

R

Rafael

Switzerland

T

Tim

Germany

EW

Eric West

United States

Tom Purser

Cambridge, United Kingdom

MD

Mark Dunphy

United States

KL

Kerry Lane

United States

JB

Juan Busco

United States

CM

Chris Mueller

United States

R

Ru

New York, United States

Brian Herrmann

Chicago, United States

Andrew

Seattle, United States

C

Christopher

United Kingdom

B

Berend

Netherlands

A

Anonymous

United States

JM

Jack Marpic

United States

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