Entrepreneur
Name
Philiph
Member since
November 2013
On-time repayments
372 installments • 74%
About Me
I am a 4th year student at kisii university college. I joined campus in the year 2011 after completing my kcse certificate in Kabianga Boys High school where i scored a mean grade of B+. My family members live in Brook village in kericho county where tea is grown as a main cash crop. My parents are peasant farmers and they grow tea and other farming crops to sustain living. I am the second born son of the six family members. My elder sister is a law graduate from Moi University and know she is seeking for a job. As a student i am an entrepreneur too operating poultry project. I started this project three months ago and it has been growing and expanding. I tape this project when i realized there was high demand of eggs and chickens in our local area and nobody was there to supply the same. I decided to venture into this project and it has been so profitable
My Business
I am operating poultry farming activity which i started three months ago in a piece of land given by my parents. I got the starting capital from my parents, relatives and friends who generously contributed to my project. I started with a capital of ksh 20000 by buying 40 layers chickens worth ksh15000 and the remaining amount used to construct poultry house. The challenge i am facing is lack of funds to absorb demand pressure from local market and other customers. Every day i am collecting 32-35 eggs and i sell one egg at ksh 15 to my local customers. Every day i make a profit of ksh500 after deducting all other expenses. I am planning to expand and rear to about 1000 hens in the next one year. I am seeking for your financial suppport from willing lenders to see this project reach the next level.Thanks
Loan Proposal
I am so gratefull you have activated my loan profile and have accepted to be part of your membership. I will be using the loan to increase my farming business by buying more hens. I will buy chickens worth ksh 7000 and the rest use to buy feeds. I will be updating you on the progress of the project and i promise to repay back the loan in full and in time without failing. I welcome all the lenders to finance my project and together will achieve our dream.Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 13, 2013
Repayment status
On Time
Projected term
23 months
Other loans
Lenders
Summary
Amount repaid
$117.46
Amount remaining
$0.00
Date repaid
Sep 3, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 4, 2014 | $5.11 | Feb 3, 2014 | $5.11 |
| Feb 4, 2014 | $5.11 | Feb 3, 2014 | $4.89 |
| Feb 25, 2014 | $0.21 | ||
| Mar 4, 2014 | $5.11 | Feb 25, 2014 | $5.11 |
| Apr 5, 2014 | $5.11 | Feb 25, 2014 | $0.04 |
| Apr 4, 2014 | $5.07 | ||
| May 5, 2014 | $5.11 | Apr 4, 2014 | $0.05 |
| May 5, 2014 | $5.06 | ||
| Jun 5, 2014 | $5.11 | Jun 4, 2014 | $5.11 |
| Jul 5, 2014 | $5.11 | Jun 4, 2014 | $0.01 |
| Jul 3, 2014 | $5.10 | ||
| Aug 5, 2014 | $5.11 | Jul 3, 2014 | $0.02 |
| Aug 5, 2014 | $5.08 | ||
| Sep 5, 2014 | $5.11 | Sep 3, 2014 | $5.11 |
| Oct 5, 2014 | $5.11 | Oct 5, 2014 | $5.11 |
| Nov 4, 2014 | $5.11 | Nov 4, 2014 | $5.11 |
| Dec 4, 2014 | $5.11 | Dec 1, 2014 | $5.11 |
| Jan 4, 2015 | $5.11 | Dec 3, 2014 | $0.12 |
| Jan 4, 2015 | $4.99 | ||
| Feb 4, 2015 | $5.11 | Jan 4, 2015 | $0.05 |
| Feb 4, 2015 | $5.06 | ||
| Mar 4, 2015 | $5.11 | Feb 4, 2015 | $0.01 |
| Mar 3, 2015 | $5.10 | ||
| Apr 5, 2015 | $5.11 | Mar 3, 2015 | $5.11 |
| May 5, 2015 | $5.11 | Mar 3, 2015 | $0.04 |
| Apr 6, 2015 | $2.62 | ||
| Apr 8, 2015 | $1.07 | ||
| May 3, 2015 | $1.38 | ||
| Jun 5, 2015 | $5.11 | May 3, 2015 | $0.05 |
| Jul 5, 2015 | $5.06 | ||
| Jul 5, 2015 | $5.11 | Jul 5, 2015 | $0.89 |
| Jul 29, 2015 | $4.21 | ||
| Aug 5, 2015 | $5.11 | Jul 29, 2015 | $1.74 |
| Aug 3, 2015 | $3.37 | ||
| Sep 5, 2015 | $5.11 | Aug 3, 2015 | $0.20 |
| Sep 1, 2015 | $4.90 | ||
| Oct 5, 2015 | $5.11 | Sep 1, 2015 | $1.05 |
| Sep 3, 2015 | $4.06 | ||
| Nov 4, 2015 | $5.11 | Sep 3, 2015 | $5.11 |
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