Mwiinga cattle and lives stock business
Busiku
Chikankata, Zambia
16% repaid
Entrepreneur
Name
Busiku
Member since
October 2016
On-time repayments
46 installments • 7%
About Me
I am a Zambian man born in 1984 in southern provice. However, I started my primary education at Chivuna basic school in the year 1992. I continued here up to grade ninne. From there, I proceeded to my secondary education at Pemba High School where I continued from grade ten in 2002 and completed grade twelve in 2004. However, I am from the family of six and I am the first born. My parents managed to take me for further education of which I am currently a BUSINESS MAN AND A TEACHER BY PROFESSION. My life style has not been easy as education was expensive and my parents really struggled for me.
My Business
I started my own Livestock business in 2010 after the knowledge I aquired the farming knowledge from the village. However, this was one of the best thing I could do in order to help my parents as the family was growing but the resources were not enough. I buy cattle in bulk and sell them at the butcheries at a high profit. This has helped me in such a way that it one of the busines that supports my young brothers and my family as I am married with two children. This business is highly on demand as cattle in my community that makes me be successful as I equally keep them as well.
Loan Proposal
I would like to improve my business by managing to buy more then two cattle at once every week in order to take them for Butchery to be slaughtered at high profit. However, I would like to buy cattle worthy $250 USD of which the requested loan will be able to meet the target. The profit I expect after slaughtering the cow is $120 USD of which this will be done fortnightly. Therefore, this loan will help me a lot and will make me reach my goals and repayments will be done smoothly.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Oct 18, 2016
Repayment status
Late
Projected term
10 months
Lenders
CT, United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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