Repairs to service my lawn mowers

Shadrick Kapolyo

Chililabombwe, Zambia

100% repaid

Entrepreneur

Name

Shadrick Kapolyo

Member since

September 2020

On-time repayments

28 installments  •  93%

About Me

My names are Shadrick Kapolyo, from Zambia on the boarder town of Chililabombwe, on the copperbelt province. My career journey in life as seen me through some of the most interesting episodes in life. From the hey days in school, at Mungwi Secondary Technical School, in the Northern part of Zambia, and Kasama in particular to rose days as a banker with Barclay bank pls, and then Finance Bank Zambia Ltd, and life in the mining industries of Northwestern province, Solwezi.
Life can really be interesting, its like they say, life is what you make it, i could comfortably say i have had it all. Now settled in Chililabombwe, life has to continue, i have always dreamed of running my own affairs (business) and the boarder town provides that unique platform for both start-ups and established businesses, the common adage; ''any thing sells in chililabombwe/Kasumbalesa'' can not be over emphasized. Mine is to one day grow my Agric feed business, supplying agricultural feeds to poultry famers both local and across the boarder.

My Business

My business is currently seasonal, am operating lawn mowers, with hired laborers, this business though seasonal is very profitable. Currently i have two machines, one is electrical and the other is petrol powered. From what i have seen in the past season, this is far more profitable than running a fleet of taxis, as the operating costs are far too little compared with running a taxi, better still, the capital employed could be 1/200th of that of buying car. The daily cashing from a lawn mower business, is three or 4 times higher. This comparison arises from the fact that i have operated a taxi business before, whilst am almost set on this business, my eyes are still focused on running a Agric business, which logistics are almost done.

Loan Proposal

I still have the manual operated lawn mower to service and and buy the service parts for use along the way. Depending on how the season turns out to be, am planning to secure the third machine.

Income Source

My business is seasonal, with good rains, business revenue is almost guaranteed. But in the event of the un for seen occurrences, my fall back is my rental incomes, and a bail out from my wife's monthly income.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$192.60

Date disbursed

Nov 4, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $20.88

Credit risk payment: $23.01

Lenders

Kitty

Hailsham, United Kingdom

G

guenter

Bremen, Germany

JH

Joseph Hwang

Houston, United States

Raoul

Germany

DK

Daniel Kalla

Saint Paul, United States

T

Thijs

Netherlands

Brian Herrmann

Chicago, United States

TJ

The Johnsons

United States

J

Jux

United States

Christine

United Kingdom

GE

george Eric

United Kingdom

T

Tatiana

United Kingdom

V

Vicky

United Kingdom

U

Utah

United States

Andrew

Seattle, United States

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