Seedlings for planting

Fabian

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Fabian

Member since

December 2020

On-time repayments

6 installments  •  50%

About Me

Fabian Musonda is my name am an electrician working a security company and am also a farmer based in Kitwe, I grow vegetables, tomatoes and onions and supply to markets around town. I did my education in Kitwe at mitanto secondary where I finshed my grade12. I did a certificate in electrical and i have a job but salary is not enough no wonder I found a business to do.

My Business

my source of income is my job as an electrician and am also a farmer. I established a farming business after i realised that salary alone is not enough. I bought a small piece of land about 2 lima. From this small piece of land I grow vegetables, tomatoes and onions and I have 1 worker to help me while am at work. My business has been increasing slowly and I am so happy i am very hopeful that it will grow.

Loan Proposal

I thank all my lenders for the support you rendered in my last loan. I hereby apply for a new loan to assist me buy a variety of seedlings for planting on my farm. I will buy 200 seedlings of chili, 100 small plants of lemon and 100 plants of oranges so that I can plant before the rains stop. I am a farmer and I grow vegetables, tomatoes and onions. With these plans on my farm my profit will increase I will be able to make profit and use it wisely to pay for rent and the rest I will invest back in the business. Thank you in advance for this loan.

Income Source

I am an electrian i work for Gm security firm where i do installation of security systems and i get a salary at the end of the month so if my business fails i can repay the loan using my salary.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$39.00

Date disbursed

Jan 21, 2021

Repayment status

On Time

Projected term

2 weeks

Lenders

Babbitt Family Foundation

Reno, United States

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