Entrepreneur
Name
Alex
Member since
February 2015
On-time repayments
104 installments • 13%
About Me
I am alex kamau from kamoronyo village. I am the first born in a family of three. I went to school in kamoronyo primary school which is a public school since my parent live below the poverty line and couldn’t afford academy school fees. I did well in my O level and got a chance to join a good high school where I performed well though I had problems paying my fees. This gave me a chance to be admitted to university under government sponsorship and hence relieved the stress of raising high education fees. Though the sponsorship needed more money for my upkeep as well as paying my small fees required by the school. To cater for this I started a small farming business of growing maize, beans and potatoes in our home area in a farm allocated to me by my parents and another rented one. This business have given me a chance to continue living in school and support my other family members though it doesn’t give much as all the profit I spend on paying for our upkeep. I would like to expand it more and at least help those behind me
My Business
I started my business back in 2011 when I was joining university and so far it has been good though with a lot of challenges due to lack of capital to buy the standard inputs. My business is growing beans, maize and potatoes in kamoronyo village in Nakuru County. Maize and beans are the major crops in my farm as they give the highest returns with minimum inputs. I harvest them and sell to the millers in Nakuru and Thika town and sometimes a sell them to brokers in the area. The potatoes are seasonal and useful to ensure crop rotation in my farm though the also a high return in a good month. This are the best types of crops to grow as they form the staple food of our country hence high market demand.
Loan Proposal
i will buy maize seeds for the next season for 10 dollars, beans seeds at 15 dollars, fertilizer at 25 dollars, ploughing the land for 25 dollars. pesticide and disease control chemicals with the remaining 25 dollars. with this inputs the profit in my business will grow up with approximately 25% in the first season. this will lead to creation of more jobs to the youth and the foregrounding community due to increased demand for labor in my farm
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 6, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United Kingdom
Summary
Amount repaid
$103.58
Amount remaining
$0.00
Date repaid
Apr 18, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 15, 2015 | $10.36 | Feb 14, 2015 | $10.36 |
| Feb 22, 2015 | $10.36 | Feb 14, 2015 | $0.03 |
| Feb 21, 2015 | $10.32 | ||
| Mar 1, 2015 | $10.36 | Feb 21, 2015 | $0.01 |
| Feb 28, 2015 | $10.34 | ||
| Mar 8, 2015 | $10.36 | Feb 28, 2015 | $0.04 |
| Mar 7, 2015 | $10.31 | ||
| Mar 15, 2015 | $10.36 | Mar 7, 2015 | $0.02 |
| Mar 14, 2015 | $10.33 | ||
| Mar 22, 2015 | $10.36 | Mar 21, 2015 | $10.33 |
| Mar 28, 2015 | $0.02 | ||
| Mar 29, 2015 | $10.36 | Mar 28, 2015 | $10.31 |
| Apr 4, 2015 | $0.04 | ||
| Apr 5, 2015 | $10.36 | Apr 4, 2015 | $10.36 |
| Apr 12, 2015 | $10.36 | Apr 4, 2015 | $0.04 |
| Apr 12, 2015 | $10.31 | ||
| Apr 19, 2015 | $10.38 | Apr 12, 2015 | $0.02 |
| Apr 18, 2015 | $10.36 | ||
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