Loan for more fishing nets to catch more fish

Aaron

Lusaka, Zambia

7% 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

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.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$78.00

Date disbursed

Oct 27, 2017

Repayment status

Late

Projected term

17 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$5.23

Amount remaining

$71.79

Expected completion

Mar 31, 2019

Status

Repaying late

Installment amount

$1.05

Repayment History

Expected Payments Actual Payments
Nov 5, 2017 $1.05 Nov 2, 2017 $1.05
Nov 12, 2017 $1.05 Nov 14, 2017 $1.05
Nov 19, 2017 $1.05 Nov 14, 2017 $1.05
Nov 26, 2017 $1.05 Nov 26, 2017 $1.05
Dec 3, 2017 $1.05 Dec 3, 2017 $1.05
Dec 10, 2017 $1.05
Dec 17, 2017 $1.05
Dec 24, 2017 $1.05
Dec 31, 2017 $1.05
Jan 7, 2018 $1.05
Jan 14, 2018 $1.05
Jan 21, 2018 $1.05
Jan 28, 2018 $1.05
Feb 4, 2018 $1.05
Feb 11, 2018 $1.05
Feb 18, 2018 $1.05
Feb 25, 2018 $1.05
Mar 4, 2018 $1.05
Mar 11, 2018 $1.05
Mar 18, 2018 $1.05
Mar 25, 2018 $1.05
Apr 1, 2018 $1.05
Apr 8, 2018 $1.05
Apr 15, 2018 $1.05
Apr 22, 2018 $1.05
Apr 29, 2018 $1.05
May 6, 2018 $1.05
May 13, 2018 $1.05
May 20, 2018 $1.05
May 27, 2018 $1.05
Jun 3, 2018 $1.05
Jun 10, 2018 $1.05
Jun 17, 2018 $1.05
Jun 24, 2018 $1.05
Jul 1, 2018 $1.05
Jul 8, 2018 $1.05
Jul 15, 2018 $1.05
Jul 22, 2018 $1.05
Jul 29, 2018 $1.05
Aug 5, 2018 $1.05
Aug 12, 2018 $1.05
Aug 19, 2018 $1.05
Aug 26, 2018 $1.05
Sep 2, 2018 $1.05
Sep 9, 2018 $1.05
Sep 16, 2018 $1.05
Sep 23, 2018 $1.05
Sep 30, 2018 $1.05
Oct 7, 2018 $1.05
Oct 14, 2018 $1.05
Oct 21, 2018 $1.05
Oct 28, 2018 $1.05
Nov 4, 2018 $1.05
Nov 11, 2018 $1.05
Nov 18, 2018 $1.05
Nov 25, 2018 $1.05
Dec 2, 2018 $1.05
Dec 9, 2018 $1.05
Dec 16, 2018 $1.05
Dec 23, 2018 $1.05
Dec 30, 2018 $1.05
Jan 6, 2019 $1.05
Jan 13, 2019 $1.05
Jan 20, 2019 $1.05
Jan 27, 2019 $1.05
Feb 3, 2019 $1.05
Feb 10, 2019 $1.05
Feb 17, 2019 $1.05
Feb 24, 2019 $1.05
Mar 3, 2019 $1.05
Mar 10, 2019 $1.05
Mar 17, 2019 $1.05
Mar 24, 2019 $1.05
Mar 31, 2019 $0.63

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