Maina
Nyeri, Kenya
100% repaid
Name
Maina
Member since
October 2013
On-time repayments
121 installments • 31%
I am a 27 year old humble and hardworking man, born and raised in Githurai area of Nairobi Kenya.I came from a very humble background of 5 where i am the second born.I hold a B.Sc in Information Technology from Kimathi university in Nyeri.
I was brought up in a family where none of the parents had formal jobs which forced me to learn how to survive the hard way.I help my fathers friend in his welding business to raise my school fees from primary school and saved up the same for secondary school, due to good performance in secondary school i got a place in the Joint Admission Board where i received part sponsorship from the government of Kenya for my university where i graduated in May 2014 after which i started farming chicken and farm produce (tomatoes and onions).
My chicken business attracted many clients until now i am unable to meet the demand, which calls for me to put in some more capital to buy an incubator.My clients time and again ask for supply of day old chicks which i can only fulfill with an incubator.
I like socializing and networking while playing basketball and on social media.
In business i do not leave anything to chance and i keep strict records and i always take care of money because i believe in the saying that " take care of money and money will take care of you".
I have a small poultry farm where i keep local chicken for meat and eggs.I also venture into farming for onions and tomatoes on leased land.The poultry market in Kenya is very big and the demand is always high although it comes with vigorous marketing, at the same time eggs are always scares and day old chicks have even a higher demand.
The farm produce ie onions and tomatoes are always in demand mostly when grown off season which i do but due to a capital limit some times it is not so promising.I have established that with a green house i can do off season production.
For the poultry farm the costs are purchasing the chicks, the feed, medication,labor and the incubator for hatching and selling day old chicks , cost which i did with my previous loan.The revenue is sale of the mature chickens, day old chicks and the eggs.
For the farm produce the costs are rent for the land, seeds, water bills,herbicide, and labor costs and construction of the green house.
I use my profits to reinvest for business growth for upkeep and to further my education.
I will finish up paying for the incubator which i had started paying the deposit and is under construction which will cost me $60.I will also purchase a green house at $120 since i have done a conclusive and very informative research on the best type and place to get one.This will increase my revenue from approximately $100 to $150 per month or so.This will help me grow my business, pay my school fees as i plan to start a masters, up keep for my baby and my wife and if all goes well with the business i plan to pay school fees for 1 child in the Kibera slums to reduce perpetual poverty in kenya.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$431.00
Date disbursed
Feb 28, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Amount repaid
$448.08
Amount remaining
$0.00
Date repaid
Oct 26, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 8, 2015 | $22.04 | Mar 7, 2015 | $22.04 |
Mar 15, 2015 | $22.04 | Mar 15, 2015 | $22.04 |
Mar 22, 2015 | $22.04 | Mar 23, 2015 | $22.04 |
Mar 29, 2015 | $22.04 | Mar 30, 2015 | $22.04 |
Apr 5, 2015 | $22.04 | Mar 30, 2015 | $0.07 |
Apr 12, 2015 | $21.98 | ||
Apr 12, 2015 | $22.04 | Apr 21, 2015 | $22.04 |
Apr 19, 2015 | $22.04 | Apr 21, 2015 | $22.04 |
Apr 26, 2015 | $22.04 | Apr 21, 2015 | $0.36 |
Apr 28, 2015 | $21.69 | ||
May 3, 2015 | $22.04 | Apr 28, 2015 | $22.04 |
May 10, 2015 | $0.71 | Apr 28, 2015 | $0.71 |
May 17, 2015 | $11.11 | Jun 10, 2015 | $11.11 |
May 24, 2015 | $11.11 | Jun 10, 2015 | $11.11 |
May 31, 2015 | $11.11 | Jun 10, 2015 | $11.11 |
Jun 7, 2015 | $11.11 | Jun 10, 2015 | $11.11 |
Jun 14, 2015 | $11.11 | Jul 13, 2015 | $11.11 |
Jun 21, 2015 | $11.11 | Jul 13, 2015 | $11.11 |
Jun 28, 2015 | $11.11 | Jul 13, 2015 | $11.11 |
Jul 5, 2015 | $11.11 | Jul 19, 2015 | $11.11 |
Jul 12, 2015 | $11.11 | Jul 19, 2015 | $11.11 |
Jul 19, 2015 | $11.11 | Jul 19, 2015 | $5.56 |
Jul 21, 2015 | $5.56 | ||
Jul 26, 2015 | $11.11 | Jul 21, 2015 | $5.56 |
Jul 28, 2015 | $5.56 | ||
Aug 2, 2015 | $11.11 | Jul 28, 2015 | $11.11 |
Aug 9, 2015 | $1.11 | Aug 8, 2015 | $1.11 |
Aug 16, 2015 | $1.11 | Aug 8, 2015 | $1.11 |
Aug 23, 2015 | $11.11 | Aug 11, 2015 | $11.11 |
Aug 30, 2015 | $11.11 | Aug 12, 2015 | $11.11 |
Sep 6, 2015 | $11.11 | Aug 12, 2015 | $1.11 |
Aug 15, 2015 | $10.00 | ||
Sep 13, 2015 | $11.11 | Aug 15, 2015 | $1.11 |
Sep 13, 2015 | $10.00 | ||
Sep 20, 2015 | $11.11 | Sep 23, 2015 | $11.11 |
Sep 27, 2015 | $11.11 | Sep 29, 2015 | $11.11 |
Oct 4, 2015 | $11.11 | Oct 19, 2015 | $11.11 |
Oct 11, 2015 | $11.11 | Oct 26, 2015 | $11.11 |
Oct 18, 2015 | $11.11 | Oct 26, 2015 | $11.11 |
Oct 25, 2015 | $13.41 | Oct 26, 2015 | $13.41 |
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