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.
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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
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