Entrepreneur
Name
Zephaniah
Member since
August 2016
On-time repayments
313 installments • 81%
About Me
I'm a 30 year old man engaged currently in transport business.
I'm married with a family of 3 children who are all schooling.
I'm the sole bread winner although we used to work together with my wife on the farm.
I lost a lease on the farm I had leased and therefore decided to use the savings I had kept to acquire a second hand motor van which I use for public transport.
My Business
I'm currently engaged in public transport business with the van I acquired. The van is like a taxi but with a 14 passenger carrying capacity. The business is organised in such a way that you operate on a given route and is fully regulated by various government agencies.
In the same industry one can choose to operate long distances across the country or short distances within the city or rural set-up. I operate on short distances within the city.
Loan Proposal
I will use part of the loan to settle the lease for the season and also purchase quality seeds, fertilizer and farm inputs for the season.
I have an expert who is hired at a small who does soil samples and testing and gives us farmers professional advice regarding the seed types that we can use and general monitoring of the crop.
My initial vegetable farming is still on course although I'm introducing tomatoes and onions.
Seeds and farm inputs including fertilizers will cost approximately 250USD, labour 50 USD, professional advice 100 USD, lease for the season 200 USD and miscellaneous 100 USD.
With this investment I expect to make good returns and even have some savings for future family use.
Regards
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$655.00
Date disbursed
Aug 4, 2017
Repayment status
On Time
Projected term
3 months
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Ask Zephaniah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Dean Suminski Jul 25, 2017
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