Zimba farms

Teddy

Lusaka, Zambia

13% repaid

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How it Works

Entrepreneur

Name

Teddy

Member since

November 2016

On-time repayments

90 installments • 4%

About Me

I was born on 6th day of june 1990,i grew up as a very quiet child so people would mistake it to being abnormal so later on i visited my aunt in a neiboring town whose children exposed me alot of playing my ambition was to become a driver but we had a carpentry workshop at home which my father owned,in 1995 i went to muyombe primary school up to secondary and completed my secondary education at the same school,i have always faced hardships but through family prayer that my family taught me i took it upon myself,so i have learnt that hardwork-determination are vital to success but without Gods devine wisdom all is in vain,i have a unique typical african culture in my home town because we all abide and live by the rules of our fore-fathers thats what makes us unique.

My Business

i joined the farming business because farming is my cultural pratice and a way of generating wealth,i also do own a carpentry workshop as anther source of income.I had not enough capital at first but soon as i grew older and wiser it was easy for me to forecast seasons to prevent climatic demage loses as at times i would plant late all too early for the farming season,so i plant soya beans because my area is rich in fertile,last year i bought pure seed at a cost of 250ZMW and weed killer chemicals at 100ZMW after the harvest season i got to sale my produce and got a profit of 1000ZMW which i reinvested this year but due to price changes i run shot of inputs which i need to improve my stock this farming season

Loan Proposal

With this loan i will buy 2 bags of soya beans seed at a cost of $100 dollars and weed killer chemicals at $20 ,when i have all these items ready it will help me secure a yielding bumper harvest next year,the profit margin for last years investment was over 60% so this will enable me to increase it to 70%-80% respectively,and all also a dram come true to my business carreer