Inventory stocking for the next planting season

Samuel

Freehold, Kenya

100% repaid

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Entrepreneur

Name

Samuel

Member since

May 2017

On-time repayments

36 installments  •  28%

About Me

My name is Samuel Kinuthia aged 27, I am a part time student currently in my final year of study at Maseno University Kenya pursuing a degree in Mathematics and Economics. I am due to graduate in December 2023

My Business

I would like to expand my poultry business for layers chicken as currently there is high demand for the product but the market prices for eggs are significantly high and I believe I am able to offer the eggs in the market at a more reasonable price while maintaining optimal profit margins. I would like to redeem myself and grow my Base Credit hence I have to start from the given loan amount. I want to financially grow myself and accessing loan services is a vital part of growing a business as investors in capital form goes a long way in promoting business growth.

Loan Proposal

Given the loan I will use it to buy a spare for the farming truck so as to continue with the farming practice. The plan is to use this loan to increase my credit score so as to be able to access a higher loan limit which will help me grow the farming business and take it to the next level.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Nov 13, 2018

Repayment status

On Time

Projected term

2 weeks

Other loans

May 2017:  $5

Nov 2022:  $13

Nov 2022:  $27

Nov 2022:  $58

Dec 2022:  $101

Jan 2023:  $194

Apr 2023:  $302

Lenders

H

hilde

seattle, United States

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  • Samuel    May 2, 2023

    Kindly allow me to reschedule the next two repayments. I am unable to repay the two installments but the subsequent installments shall be repaid on time. Kindly consider my request

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  • Samuel    Apr 19, 2023

    Much appreciated for the project funding. I look forward to utilizing the funds for the project until I successfully purchase the feeds and repay back the loan to 5h3 community

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  • Samuel    Apr 19, 2023

    I would like for funding to boost my chicken business as the chicken feeds have been hard to come by and their costs had increased tremendously. I look forward to members funding my project

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  • Samuel    Jan 17, 2023

    The new project will be utilised to build more structures for the chickens as I am planning to increase the number of chickens from my current number of 100 chickens to atleast 200 chickens so as to increase the profit yield while reducing the overall overhead costs.

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  • Samuel    Jan 17, 2023

    The last project was a success and I used the funds to stock up on chicken feeds which helped to improve the egg production and also helped during the December period as we experienced a shortage of chicken feeds and the cold weather had adversely affected the egg production cycle. The funds were a great help.
    The new project will be utilised to build more structures for the chickens as I am planning to increase the number of chickens from my current number of 100 chickens to atleast 200 chickens so as to increase the profit yield while reducing the overall overhead costs.

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  • Samuel    Dec 27, 2022

    Thank you for funding my project. I will be sure to repay on time and update you on the progress of the project

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  • Samuel    Dec 27, 2022

    The last project was a success and I used the funds to stock up on chicken feeds which helped to improve the egg production and also helped during the December period as we experienced a shortage of chicken feeds and the cold weather had adversely affected the egg production cycle. The funds were a great help.

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  • Samuel    Nov 30, 2022

    Thank you for funding my project. I will be sure to post an update on the project soon

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  • Samuel    Nov 30, 2022

    Thank you for funding my project. I will be sure to post an update on the project

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  • Samuel    Nov 30, 2022

    I used the fund to stock up on chicken feeds and it greatly helped me thereby ensuring the chicks had enough feed for the month

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  • Samuel    Nov 26, 2022

    Thank you for funding my project, I will be sure to keep you updated on the progress of the project

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  • Samuel    Nov 26, 2022

    The funds I received I utilised them to buy chicken feeds and the new loan will be used for the same purpose

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  • Samuel    Nov 5, 2022

    Thank you for the last funding, I was awarded kshs 12 due to my previous low limit and I hope to increase my credit limit so as to engage in the poultry farming business and hopefully achieve a large scale operation

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  • Samuel    May 7, 2017

    Hello, I was notified that you have agreed to fund my loan. I'm grateful and hopeful we will transact more in the near future.
    Regards,
    Samuel Kinuthia,
    Kenya

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  • Samuel    May 5, 2017

    Hello, when will the loan application be completed? If possible will it be today?

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