Money for school fees

Morton

Block D, Mazabuka, Zambia

100% repaid

Entrepreneur

Name

Morton

Member since

December 2015

On-time repayments

97 installments  •  96%

About Me

My name is Morton Chizunga. I was born on July 17th 1977. I have 3 children and I care for 2 orphans as well. I live in Manyaana Area in Mazabuka district in Southern Province. I am a farmer and I'm applying for this loan because I want to do trading in wholesale beans and kapenta (fish), while also investing in my children, my livestock, and my store. In my free time I am active in my Seventh Day Adventist church.

My Business

On my farm I'm growing maize, groundnuts, cowpeas, and sweet potatoes. I also keep chicken and goats. My wife and I also operate a store in Monze town that sells beans, kapenta (dried fish), and cooking oil. With my first loan I was able to pay my sons school fees while also expanding my business and saving some more money. I was able to invest money in rental property I am building in Monze. My second loan allowed me to invest even more into my children's education and my business did very well. I hope that with this third loan, I will be able to add more inventory to my shop and bring in more income.

Loan Proposal

I want to use this loan to pay for school fees for the 7 children I care for so that my wife and I can invest more of the profits from our store and our farm back into our store and our farm. This would help alleviate some of the pressure.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Mar 9, 2016

Repayment status

On Time

Projected term

18 months

Lenders

Zidisha

Sterling, United States

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