Aaron
Lusaka, Zambia
7% repaid
Name
Aaron
Member since
July 2017
On-time repayments
83 installments • 16%
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.
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.
I will buy fishing net upon receiving the money for more catch,hence this will create more revenue for fishing nets,The demand for fish in local supermarkets is very high, i need to work very hard to hard and ensure that the fish business grows.
Positive
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Neutral
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Project Type
Classic Loan
Disbursed amount
$78.00
Date disbursed
Oct 27, 2017
Repayment status
Late
Projected term
17 months
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