To purchase bags of fertilizer for my shop

Billy Bwantu

Siavonga, Zambia

1% repaid

Entrepreneur

Name

Billy Bwantu

Location

Siavonga, Zambia

On-time repayments

44 weekly installments  •  48%

About Me

My name is Billy Bwantu. I live in Siavonga town. I am married with four children.

I run a shop where I sell various types of agricultural products, such as fertilizers and Seeds.

I started this business because I am a farmer and I understand what farmers want to get better crop yields.

I advise farmers on seed varieties, types of fertilizers to apply and what types of herbicides to apply to crops.

My Business

I am a farmer and I also run a shop selling agricultural products.

I sell seeds, fertilizers, herbicides and sprayers. I also sell some of the crops which I grow at my farm, such as tomatoes and cabbages.

I started small, with a small vegetable garden and a water pump, which I bought using a loan I received from the community.

Thanks to the lenders I have now managed to open an agricultural shop.

Loan Proposal

I plan to use the loan to purchase bags of fertilizers for my agro store.

The farming season is almost here and I need to stock up on fertilizers

I also sell seeds, polypipes, hosepipes, herbicides and sprayers. I also sell some of the crops which I grow at my farm, such as tomatoes and cabbages.

Income Source

My business is doing well and this is how I managed to repay my previous loan.

I will continue to sell what my customers want so that I can make money to repay my loan.

My Videos

Feb 15, 2021: Purchase fertilizers and seeds for my shop

Feedback

2

None

None

  • Chris Coulson    Oct 4, 2020

    Billy sends pictures of what he's doing so you can actually see the difference you're making by lending him money.

    Log in to reply • Share
  • Sina and Jonas Miederer    Oct 4, 2020

    Billy is a very transparent person and even sent us some pictures of the stuff he bought and how they installed it.

    Thanks, Billy, for the chance to support you and your business!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$870.90

Date disbursed

May 26, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $58.72

Credit risk payment: $234.94

Lenders

S

searthsong

Colorado Springs, United States

M

michaeliannozzi

Toronto, Canada

JA

Jared Anthony

CT, United States

CN

Craig Newmark

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

DY

Dan Y

Scranton PA, United States

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

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Summary

Amount repaid

$10.38

Amount remaining

$860.52

Expected completion

Sep 9, 2021

Status

Repaying late

Installment amount

$10.00

Repayment History

Expected Payments Actual Payments
Jun 3, 2021 $10.00 Jun 19, 2021 $10.00
Jun 10, 2021 $10.00 Jun 19, 2021 $0.38
Jun 17, 2021 $10.38
Jun 24, 2021 $10.38
Jul 1, 2021 $10.38
Jul 8, 2021 $10.38
Jul 15, 2021 $10.38
Jul 22, 2021 $108.86
Jul 29, 2021 $108.86
Aug 5, 2021 $108.86
Aug 12, 2021 $108.86
Aug 19, 2021 $108.86
Aug 26, 2021 $108.86
Sep 2, 2021 $108.86
Sep 9, 2021 $37.02

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