Entrepreneur
Name
Salei
Member since
July 2010
On-time repayments
12 installments • 58%
About Me
Salei Tira is my name from Olkiloriti village 6 miles from Oloolaimutia trading centre in the Mara region. I’m a married man with a family of four. One wife and three kids. One of my kids is already attending school at Oloolaimutia ((Mara shinners Academy). The other two are under age. Pastrolism & business are my main occupations. I keep livestock (cattle, sheep & goats) since its the most viable economic activity & the source for our stable foods (meat, milk & blood) and also compatible with the on going advocating for wildlife conservation in the Mara region.
My Business
In the year 2004 i joined the world of business with a capital of Ksh. 50,000 I raised by selling ten oxen in my small herd. My aim was to generate some income to enable catering my family needs, pay school fees for my kids and buy more livestock “the bigger the herd the rich you’re”. My business has been running smoothly until the severe drought strike. The drought displaced people from their homestead in search for pastures for their livestock and indeed the drought reduced herds of thousands to a few hundreds, herds of hundreds to tens and worse of all others to cowless. I used all my business money to buy some supplementary foods for my livestock and also food for the family to the last coin.
To start my business again (cattle trade) I approched CDF-youth empowering funds board for a loan of Ksh.50,000 to pay in 12 installments. I’m lucky my application went through June 2008. By July 2009 i met their obligation successfully. This loan has really help me to put back to business.
Loan Proposal
I will use the amount to buy fat bulls from the neighboring manyata around Masai Mara game reserve.I will buy six number of bulls that will cost up to Ksh 10,000 per bull,then i will transport to the near by market {Ngosuani} to re-sell.Every bull has to be bought with Ksh 10,000 and sold at total amount of Ksh 12,000, the profit will be ksh 2,000 per bull per week.The monthly profit will be Ksh 12,000*4 weeks in a month making total amount of Ksh 48,000 per month.The extra profit will help me reduce family expenses,repayment for transporting commission,pay school fees for my kids,catering my extended family of my mother and father.The monthly expenses will be approximately Ksh 15,000. The earning will grantee repayment of the loan and all this expenses.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$779.00
Date disbursed
Oct 13, 2010
Repayment status
On Time
Projected term
12 months
Lenders
Jersey City, United States
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Summary
Amount repaid
$838.82
Amount remaining
$0.00
Date repaid
Oct 14, 2011
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 13, 2010 | $69.90 | Nov 15, 2010 | $69.90 |
| Dec 13, 2010 | $69.90 | Nov 15, 2010 | $69.90 |
| Jan 13, 2011 | $69.90 | Nov 15, 2010 | $0.26 |
| Jan 12, 2011 | $69.64 | ||
| Feb 13, 2011 | $69.90 | Jan 12, 2011 | $0.23 |
| Feb 13, 2011 | $69.66 | ||
| Mar 13, 2011 | $69.90 | Feb 13, 2011 | $0.21 |
| Mar 13, 2011 | $69.69 | ||
| Apr 13, 2011 | $69.90 | Mar 13, 2011 | $0.18 |
| Apr 13, 2011 | $69.71 | ||
| May 13, 2011 | $69.90 | Apr 13, 2011 | $0.16 |
| May 13, 2011 | $56.88 | ||
| Jun 13, 2011 | $12.86 | ||
| Jun 13, 2011 | $69.90 | Jun 13, 2011 | $57.01 |
| Jul 14, 2011 | $12.88 | ||
| Jul 13, 2011 | $69.90 | Jul 14, 2011 | $56.99 |
| Aug 16, 2011 | $12.91 | ||
| Aug 13, 2011 | $69.90 | Aug 16, 2011 | $56.96 |
| Sep 14, 2011 | $12.94 | ||
| Sep 13, 2011 | $69.90 | Sep 14, 2011 | $56.94 |
| Oct 14, 2011 | $12.96 | ||
| Oct 13, 2011 | $69.90 | Oct 14, 2011 | $69.90 |
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