Entrepreneur
Name
Shadrick
Member since
September 2020
On-time repayments
32 installments • 81%
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$693.00
Date disbursed
Dec 26, 2020
Repayment status
On Time
Projected term
3 months
Lenders
Halifax, United Kingdom
United States
Germany
United States
United States
United States
Germany
World, Spain
Karlsruhe, Germany
United Kingdom
Germany
United States
United States
Luxembourg
Germany
United States
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