Transportation of maize to the market

Humphrey Nkhowani

Mufulira, Zambia

Loan disbursed

$0 to go

100% lent of $94 goal

0

days left

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Entrepreneur

Name

Humphrey Nkhowani

Location

Mufulira, Zambia

On-time repayments

2 weekly installments  •  50%

About Me

My name is Humhrey Nkhowani and I come from a family of five childen. I am married and I have 2 children. Both my parents were peasant farmers and I was raised at a farm that's how my interest and passion grew so much.

My Business

I was given a portion of land on my father's farm. I started with planting vegs then later I started adding onions, green paper, maize etc I have market for my produce I have customers who come to buy even direct at the farm.

Loan Proposal

I have started harvesting and selling maize at nearby markets. I need a loan for me to pay for transport so that I deliver the maize to different markets. I am so sure that the more I sell the more profit I am going to make and reinvest in my farming business. So this loan will help me a lot.

Income Source

I know many business face risks with current economic climate , from the vegetables I supply each week I will be able to repay my loan.

Feedback

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Lenders

Loan Info

Disbursed amount

$94.22

Date disbursed

Feb 16, 2021

Repayment status

Late

Projected term

4 weeks

Cost of loan

Service fee: 5% of $94.22 = $4.62

Credit risk payment: $13.96

Optional expediting fee: $9.29

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