Name
Japheth
Member since
July 2015
On-time repayments
178 installments • 62%
I was born in a village known as Simat in Uasin-Gishu County, Kenya, where I attended community primary school and later proceeded to a national secondary school. I completed my college learning in Nairobi in 2014 December. During my primary school studies, I had fee problems since I came from a financially struggling family. I started operating a small tree nursery of 1000 tree seedlings per season of which I sold each seedling at KSh 5. I used the money I raised from the project to pay partly for my school fee and to buy uniforms and textbooks. This helped me to pursue my education smoothly.
TOMATO FARMING
I grow tomatoes as a business. Tomatoes are in high demand due to my farm's proximity to Eldoret town which has approximately 1.2m residents. I chose tomato farming because of my passion for farming and the high returns. I use approximately 700 USD for planting and general crop care until harvest per season. Upon harvest, I get a profit of approximately 400 USD per season. I partly use the profits I get for payment of school fees for my siblings and the rest I reinvest in other businesses.
I will buy 1sack of chick mash for new 50 broilers that i bought at 30$ and another sack of layers mash at 28$ also i will buy vaccine at about 3 dollars. This will help me get more production and hence get more profit. With enough feeds i expect egg laying to improve to 98 per cent from the current 80 percent hence increase in profits by close to 18 percent.
I was born in a village known as Simat in Uasin-Gishu county Kenya, where i attended community primary school later proceeded a national secondary school and completed my college learning in Nairobi in 2014 December. During my primary school studies i had fee problems since i came from a financially struggling family. I started operating a small tree nursery 0f 1000 tree seedlings per season of which sell each seedling at Ksh 5. I used the money i raised from the project to pay partly for my school fee and buy uniforms and textbooks and this helped me to pursue my Education smoothly.
TOMATO FARMING
I grow tomatoes as a Business. Tomatoes are on high demand due to my farm proximity to Eldoret town which has approximately 0.3m urban residents. I chose tomato farming because of my passion to farming and high returns. I use approximately 700USD for planting and general crop care till harvest per season. Upon harvest i get a profit of approximately 400USD per season. I partly use the profits i get for payment of school fees for my siblings, I reinvest some on other Businesses including poultry farming and Maize farming and save the rest for future use.
I will buy 1sack of chick mash for new 50 broilers that i bought at 30$ and another sack of layers mash at 28$ also i will buy vaccine at about 3 dollars. This will help me get more production and hence get more profit. With enough feeds i expect egg laying to improve to 98 per cent from the current 80 percent hence increase in profits by close to 18 percent.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 25, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Amount repaid
$104.49
Amount remaining
$0.00
Date repaid
Sep 28, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 2, 2015 | $8.25 | Aug 2, 2015 | $8.25 |
Aug 9, 2015 | $8.25 | Aug 9, 2015 | $8.25 |
Aug 16, 2015 | $8.25 | Aug 16, 2015 | $8.25 |
Aug 23, 2015 | $8.25 | Aug 24, 2015 | $8.25 |
Aug 30, 2015 | $8.25 | Aug 31, 2015 | $8.25 |
Sep 6, 2015 | $8.25 | Sep 6, 2015 | $8.25 |
Sep 13, 2015 | $2.06 | Sep 14, 2015 | $2.06 |
Sep 20, 2015 | $2.06 | Sep 22, 2015 | $2.06 |
Sep 27, 2015 | $50.89 | Sep 28, 2015 | $50.89 |
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