Donkey and cart
Linet
Migosi, Kenya
$0 to go
100% funded of $301 goal
0
days left
Entrepreneur
Name
Linet
Member since
February 2016
On-time repayments
50 installments • 72%
About Me
I am the second born in a family of five children, 4 boys and I am the only girl. I went to odede primary school and joined Kamusinga girls for secondary. I then went to Bukura agricultural college for my diploma in agriculture.
After completing my course ,I was not lucky enough to get any job,getting start up capital was also a problem. I talked to a friend and told her I wanted to venture into horticulture but had no money to start. she advised me to join there self help group and after six months I qualified for a loan of $200 that I invested in the farm preparation and seeds and grew assorted vegetables that I started selling a month later. the agribusiness did very well and I was able to get money to repay the loan and reinvest. I now have 1 acre under assorted horticulture.
I am a born again christian, and choir leader, I also singing and looking forward to record my my first album soon.
My Business
I have assorted vegetables i.e cabbages,kale's,spinach,onions and traditional leafy African vegetables., . the demand for my produce is high because of my good quality ,cleanness and fair prices.
I decided to do farming business because ,it is easy to manage and run and I also had knowledge of farm management having studied agriculture at the college.
my monthly typical costs are $150 and my monthly revenues are $300 on average. I spend the money on educating ,my brother, helping my mum,business expansion and home improvement.
Loan Proposal
Given the loan of $300 I would use the money to buy a donkey at cost of $200 and a cart at cost of $100. The donkey will help me ferry my produce from the farm to the market hence cut my operation costs by $80 per month. It will also be source of income though hiring to neighbors and I expect to generate $100 every month
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Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
Nov 18, 2016
Repayment status
Late
Projected term
3 months
Other loans
Lenders
Devon, United Kingdom
United States
Hong Kong
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$0.00
Amount remaining
$301.22
Expected completion
Feb 27, 2017
Status
Repaying late
Installment amount
$23.17
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 28, 2016 | $23.17 | ||
| Dec 5, 2016 | $23.17 | ||
| Dec 12, 2016 | $23.17 | ||
| Dec 19, 2016 | $23.17 | ||
| Dec 26, 2016 | $23.17 | ||
| Jan 2, 2017 | $23.17 | ||
| Jan 9, 2017 | $23.17 | ||
| Jan 16, 2017 | $23.17 | ||
| Jan 23, 2017 | $23.17 | ||
| Jan 30, 2017 | $23.17 | ||
| Feb 6, 2017 | $23.17 | ||
| Feb 13, 2017 | $23.17 | ||
| Feb 20, 2017 | $23.17 | ||
| Feb 27, 2017 | $0.03 | ||
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