Mwiinga cattle and lives stock business

Busiku Mwiinga

Chikankata, Zambia

16% repaid

Entrepreneur

Name

Busiku Mwiinga

Member since

October 2016

On-time repayments

46 installments  •  7%

About Me

I am a Zambian man born in 1984 in southern provice. However, I started my primary education at Chivuna basic school in the year 1992. I continued here up to grade ninne. From there, I proceeded to my secondary education at Pemba High School where I continued from grade ten in 2002 and completed grade twelve in 2004. However, I am from the family of six and I am the first born. My parents managed to take me for further education of which I am currently a BUSINESS MAN AND A TEACHER BY PROFESSION. My life style has not been easy as education was expensive and my parents really struggled for me.

My Business

I started my own Livestock business in 2010 after the knowledge I aquired the farming knowledge from the village. However, this was one of the best thing I could do in order to help my parents as the family was growing but the resources were not enough. I buy cattle in bulk and sell them at the butcheries at a high profit. This has helped me in such a way that it one of the busines that supports my young brothers and my family as I am married with two children. This business is highly on demand as cattle in my community that makes me be successful as I equally keep them as well.

Loan Proposal

I would like to improve my business by managing to buy more then two cattle at once every week in order to take them for Butchery to be slaughtered at high profit. However, I would like to buy cattle worthy $250 USD of which the requested loan will be able to meet the target. The profit I expect after slaughtering the cow is $120 USD of which this will be done fortnightly. Therefore, this loan will help me a lot and will make me reach my goals and repayments will be done smoothly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$177.04

Date disbursed

Oct 18, 2016

Repayment status

Late

Projected term

10 months

Cost to entrepreneur

Service fee: $5.15

Lenders

Cloudways

Malta, Malta

Matching Fund

Sterling, United States

C

Crainster

Chapel Hill, United States

JA

Jared Anthony

CT, United States

S

Sharon4B

Molalla, Oregon, United States

PG

Paul Graham

United States

MS

Mike Sutherland

United Kingdom

roark22

Geneva, Switzerland

Craig Newmark

United States

E

Erik

Frankfurt/Main, Germany

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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