Business expansion

Maurilyne

Usain Gishu, Kenya

100% repaid

Entrepreneur

Name

Maurilyne

Member since

July 2018

On-time repayments

10 installments  •  30%

About Me

I am a young, small scale farmer working on crop production and livestock. starting of the enterprise, arose from the need and passion to look after cows and provide feed for them adequately.The low employment rate in our country also pushed me further to the venture, to provide a source of income for my personal expenses. this however needs constant reinvestment of most of the income to sustain the business in its infancy stage.

My Business

my business entails sales of grocery and milk . to sustain my livelihood and that of my animals, including machinery maintenance.in order to improve my income, I need to improve on my production scale. this is made possible by the acquiring of a small farm tractor that has greatly improved efficiency on the farm while reducing production costs. some of the income I seasonally generate from hiring the tractor to work for other farmers within my area. this ensures there is constant working capital flow in the enterprise. on average I have a nett income of 25000 monthly.

Loan Proposal

hello zidisha.the loan I will use to expand on my business and be more productive to my consumers.
will go forth and plant more produce like carrot ruddish purple cabbage sugarlof(cabbage) cauliflower and broccoli
the loan I will also use to till the land in preparation of the transplanting of the seedlings from their seedbeds. will lay up the drips on the new trenches that will be dug in the farm... will put up the tank that will store the water for irrigation

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$13.00

Date disbursed

Oct 17, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

Cloudways

Malta, Malta

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Summary

Amount repaid

$13.51

Amount remaining

$0.00

Date repaid

Apr 17, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 28, 2018 $4.50 Apr 17, 2019 $4.50
Nov 4, 2018 $4.50 Apr 17, 2019 $4.50
Nov 11, 2018 $4.50 Apr 17, 2019 $4.50

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