I need funds to buy more fishing nets for my business
Aaron
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Aaron
Member since
July 2017
On-time repayments
83 installments • 16%
About Me
My name is Aaron Simwanza i was born in Kasama in the Northern Province of Zambia ,i come from a humble family of 6 boys and 3 girls.I grew up in Kasama with alot of family challenges as childhood.Going to school for was difficult because i never had any one to sponsor me.Hence i only managed to over come hardship and become self independent by taking up the fishing business.Iam a fisher man and i catch in the Luapula river which is very in Bream and bottle fish.I started this business through my friend who had an uncle, who was already a fishman.Hence i learnt from him how to catch fish and all the stategies of how to catch plenty of fish at once.Zambia being a landlocked country is very rich in farming industry and it tourism industry.During my pastime i love playing football and holding our culture dances.
My Business
Fish farming is very good business.I sale fresh fish and dry fish altogether.I have customers who buy fresh fish and others dry fish.Both fresh and dry is on demand.However the fish business good, because its the main source of income and survive.The typical cost for me is Fishing nets, for catching different types of fish sizes.For Instance for big fishing nets it cost me ZMK 750 and for small fishing nets is ZMK 350 totaling the amount to ZMK 1100.Hence the profit margin comes to ZMK 3500 which helps me to cover my children school fees and construction of my house which i have started building.Hence i need a loan to help me buy more fishing nets to ensure that i should able to catch more and replace the damaged fishing nets.
Loan Proposal
At least i need USD 200 to help me buy more fishing nets for more catch of fish.This will help me make more revenue that will go some miles for family.Because at the moment i have damaged fishing nets which is a draw back at the momen.Now if i replace them by buying new fishing nets.The i will able to inject more income to grow and sustain the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Aug 1, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
Summary
Amount repaid
$12.13
Amount remaining
$0.00
Date repaid
Sep 4, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 12, 2017 | $1.16 | Aug 16, 2017 | $1.16 |
| Aug 19, 2017 | $1.16 | Aug 16, 2017 | $1.16 |
| Aug 26, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Sep 2, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Sep 9, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Sep 16, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Sep 23, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Sep 30, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Oct 7, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Oct 14, 2017 | $1.16 | Sep 4, 2017 | $1.16 |
| Oct 21, 2017 | $0.58 | Sep 4, 2017 | $0.58 |
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