Entrepreneur
Name
Ng'andu
Member since
July 2020
On-time repayments
16 installments • 25%
About Me
My name is Morgan Ng'andu born on 16 November, 1997. I come from a humble background and i raised in the rural area or outskirt of town,i grew up with my Auntie who took care of me since i was a child when my parents died.I was sent to Twatasha Primary School and qualified Lulamba Secondary School in Chingola in town.When i completed my high school i obtained a school certificate with a merit and i selected to at Evelyn Hone College to study Pharmacy.
My Business
I mainly fish supply both fresh and dry these are bream, bottle fish and tiger fish.I also ran a drug store in our community i provide clinical services and sell drugs to people.When people get sick they come to sick medical attention because the drug store is the one near by and the demand is very good from the people of the community.I have invested K 20,000 as my working capital and i make between 4,500 to ZMK 6000, as profit per week both my business.These profits i use to help develop the standard of living, paying of school fees for my children and i also for reinvestment to ensure the business is running very well.
Loan Proposal
I need to purchase 5 extra fishing nets in readily for fish farming, i this September am planning to catch more fish of different types because this monthend the fish is lifted, i need to have more nets and strong to ensure i have no challenges.Fish selling is highly profitable because of its demand.This summer i need to stock and catch more fish to supply in supermarkets and shops.
Income Source
This time around a number of business have heavily affected, but fish selling has not been affected except the the fish two months ago.Fish selling is fastest way of generating income because it highly on demand and most people buy it frequently.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$33.00
Date disbursed
Aug 20, 2020
Repayment status
On Time
Projected term
3 weeks
Other loans
Lenders
Tromso, Norway, Norway
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