Purchase farming equipment

Richard Simalundu

Chongwe, Zambia

100% repaid

Entrepreneur

Name

Richard Simalundu

Location

Chongwe, Zambia

On-time repayments

38 weekly installments  •  32%

About Me

My name is Richard Simalundu. I manage a farm and a Mobile Money Shop.

I live in Chongwe farming area, in Lusaka East.

I was born in 1997 and I am a father of two children. One boy and one girl. My wife's name is Elizabeth and she is a nurse.

My Business

I am a farmer and I also run a shop where I sell mobile units and phones.

Other services which I provide in the shop includes, mobile money services to the residents of my area.

Loan Proposal

I plan to use the loan to purchase Farming Equipment.

I have already used the previous loans to stock up on different types of farming equipment. Now that my new loan request is larger I would like to purchase an ox plough for use to till my field.

Hopefully, when my loan gets larger I will purchase a tractor and a plough.

Income Source

I sell various types of fruits and vegetables at the farm and so I have a steady income which would enable me to be able to repay the loan without much of a problem.

My Videos

Feb 13, 2021: Purchase mobile units and phones

Feedback

1

None

None

  • Logan Max    Jan 21, 2021

    Richard paid back his loan over a week before it was due. I would gladly lend to him again.

    Log in to reply • Share
    • Richard Simalundu    Feb 14, 2021

      Hi Logan,

      Thank you for your support!

      I have repaid my loan in full and I have applied for a new loan.

      Please continue to support me in my business. Thank you and stay safe!

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$270.74

Date disbursed

Jan 17, 2021

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $17.02

Credit risk payment: $54.53

Optional expediting fee: $34.09

Lenders

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Theo

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