Purchase soyabean seeds

Magret Namungwe

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Magret Namungwe

Location

Lusaka, Zambia

On-time repayments

10 weekly installments  •  10%

About Me

My name is Magret Namungwe. I live in Kafue with my family. I am married with two children, a boy and a girl.

My husband is a businessman and I do farming on our smallholding where we have planted different types of vegetables.

My Business

My business is vegetable gardening. I enjoy gardening my vegetables so much that I weed and tender them every day!

I have planted okra, carrots, green beans, green peppers, chillies etc.

I sell these vegetables to the local community school, as well as the clinic and the public.

Loan Proposal

I plan to use the loan to purchase soya bean seeds to plant at my farm.

My farm has many types of vegetables, however, the soya bean field is doing well and so I plan to expand the field by planting more beans.

Income Source

I will use the income from my business to repay the loan.

My business is doing well and I am optimistic that the soya beans and other vegetables will grow well and enable me to repay my loan

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$34.19

Date disbursed

Feb 23, 2021

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Service fee: 5% of $34.19 = $2.29

Credit risk payment: $5.98

Lenders

Scotts5320

New York, United States

Ask Magret a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...