To purchase bags of fertilizer

Richard Simalundu

Chongwe, Zambia

1% repaid

Entrepreneur

Name

Richard Simalundu

Location

Chongwe, Zambia

On-time repayments

34 weekly installments  •  35%

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 bags of fertilizer for my vegetable garden. I have already bought the seeds and prepared the field and I plan to plant a variety of seeds, such as, cucumbers, carrots and green peppers, which are not available in many shops in our area.

Income Source

My farm is doing well and thanks to the wonderful Zidisha team and my kind lenders, I managed to sell all my produce.

I will use the sales of my vegetables to repay my loan. Thank you.

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

$708.30

Date disbursed

Jun 2, 2021

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: 5% of $708.30 = $49.62

Credit risk payment: $248.23

Lenders

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Melbourne, Australia

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Paul Buchheit

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lauralr2

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