Funds for my retail, online, and farming businesses
Kipngetich
Kericho, Kenya
5% repaid
Entrepreneur
Name
Kipngetich
Member since
October 2015
On-time repayments
239 installments • 84%
About Me
I am a middle aged Kenyan born and bred in Kericho County, Kenya. I grew up in a humble family of 7 siblings where I am the third born. Since my early days in elementary school, I did work hard as my parents struggled to educate me through high school. Luckily, I got the opportunity of joining university and undertook a course in Computer Science. However, since graduating I struggled in getting employment due to high unemployment levels in the country. Nevertheless, I didn't give and decided to venture into freelance writing, research and technical consulting. This has enabled me to earn some income over the years and with better planning, I believe I can tap more online opportunities and grow it into a venture that can employ more young people. I have tried several ventures and some are successful and progressing on well.
My Business
My business basically entails working online on various projects such as freelance academic writing, website creation, online research and recently I have ventured into Forex trading. I would like to expand my involvement in Forex trading by learning more from experienced traders and other expert traders in the Forex market. Unlike academic writing, the Forex market operates 24/7 from Monday through Friday all year round. Therefore, I would like to become a day trader and earn on a daily basis. Recently, I have had an opportunity to open a small retail shop in partnership with someone else, as a result, I am able to supplement my income when online jobs become scarce or the times are tough. In addition to the these ventures, I would also like to invest in seasonal crop farming since its returns are good whilst it requires minimal investment. I would like to borrow a loan to ensure I can be able to increase revenues in these ventures.
I plan to the invest the $ 3, 200 loan as follows:
a) $ 1000 will go into my retail business.
b) Another $1000 shall be invested in my online venntures (Forex trading, Academic writing and congigencies i.e. Internet costs)
c) I plan to invest around $400 in crop farming and agriculture ventures
d) The remaining $ 800 will be used as savings and emergency funds for loan repayment.
Loan Proposal
I intend to utilize the $ 3,200 loan from Zidisha as follows:
a) I shall invest $ 1,000 into my retail business for the purposes of increasing stock and managing expenses.
b) Another $ 1,000 shall be invested into my online ventures (Forex trading, Academic writing and contingencies i.e. Internet costs)
c) I also plan to invest around $ 400 in crop farming (cabbage and potato farming) with intention of growing my revenues.
d) The remaining $ 800 will be used as savings and emergency funds for loan repayment.
I anticipate that this funds injection will contribute to increase in revenues by around 30% and ensure I have higher profits that shall be used in repaying the loan and building my saving capacity.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$3,214.00
Date disbursed
Sep 28, 2018
Repayment status
Late
Projected term
40 months
Other loans
Lenders
United Kingdom
CORVALLIS, United States
United States
Hamburg, Germany
Denmark
United States
Franklin, TN, United States
United States
United States
Vancouver, Canada
United States
United States
Ask Kipngetich a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$162.72
Amount remaining
$3,051.98
Expected completion
May 23, 2021
Status
Repaying late
Installment amount
$123.65
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 7, 2018 | $52.72 | Oct 7, 2018 | $52.72 |
| Oct 14, 2018 | $0.99 | Oct 14, 2018 | $0.99 |
| Oct 21, 2018 | $0.99 | Oct 21, 2018 | $0.99 |
| Oct 28, 2018 | $0.99 | Oct 28, 2018 | $0.99 |
| Nov 4, 2018 | $0.49 | Nov 4, 2018 | $0.49 |
| Nov 11, 2018 | $0.49 | Nov 11, 2018 | $0.49 |
| Nov 18, 2018 | $5.42 | Nov 18, 2018 | $5.42 |
| Nov 25, 2018 | $5.42 | Nov 26, 2018 | $5.42 |
| Dec 2, 2018 | $0.99 | Dec 2, 2018 | $0.99 |
| Dec 9, 2018 | $0.99 | Dec 9, 2018 | $0.99 |
| Dec 16, 2018 | $0.99 | Dec 16, 2018 | $0.99 |
| Dec 23, 2018 | $5.42 | Dec 27, 2018 | $5.42 |
| Dec 30, 2018 | $5.42 | Jan 1, 2019 | $5.42 |
| Jan 6, 2019 | $0.99 | Jan 6, 2019 | $0.99 |
| Jan 13, 2019 | $0.99 | Jan 13, 2019 | $0.99 |
| Jan 20, 2019 | $0.99 | Jan 20, 2019 | $0.99 |
| Jan 27, 2019 | $0.99 | Jan 27, 2019 | $0.99 |
| Feb 3, 2019 | $0.99 | Feb 4, 2019 | $0.99 |
| Feb 10, 2019 | $0.99 | Feb 11, 2019 | $0.99 |
| Feb 17, 2019 | $0.99 | Feb 17, 2019 | $0.99 |
| Feb 24, 2019 | $0.99 | Feb 26, 2019 | $0.99 |
| Mar 3, 2019 | $0.99 | Mar 4, 2019 | $0.99 |
| Mar 10, 2019 | $0.99 | Mar 11, 2019 | $0.99 |
| Mar 17, 2019 | $0.99 | Mar 17, 2019 | $0.99 |
| Mar 24, 2019 | $0.99 | Mar 24, 2019 | $0.99 |
| Mar 31, 2019 | $0.99 | Apr 1, 2019 | $0.99 |
| Apr 7, 2019 | $0.99 | Apr 8, 2019 | $0.99 |
| Apr 14, 2019 | $1.97 | Apr 17, 2019 | $0.99 |
| Apr 23, 2019 | $0.99 | ||
| Apr 21, 2019 | $0.00 | ||
| Apr 28, 2019 | $0.99 | Apr 30, 2019 | $0.99 |
| May 5, 2019 | $0.99 | May 10, 2019 | $0.99 |
| May 12, 2019 | $0.99 | May 14, 2019 | $0.99 |
| May 19, 2019 | $0.99 | May 22, 2019 | $0.99 |
| May 26, 2019 | $0.99 | May 27, 2019 | $0.99 |
| Jun 2, 2019 | $0.00 | ||
| Jun 9, 2019 | $0.99 | Jun 11, 2019 | $0.99 |
| Jun 16, 2019 | $0.99 | Jun 18, 2019 | $0.99 |
| Jun 23, 2019 | $0.99 | Jun 26, 2019 | $0.99 |
| Jun 30, 2019 | $0.99 | Jul 3, 2019 | $0.99 |
| Jul 7, 2019 | $0.99 | Jul 9, 2019 | $0.99 |
| Jul 14, 2019 | $0.99 | Jul 15, 2019 | $0.99 |
| Jul 21, 2019 | $0.99 | Jul 25, 2019 | $0.99 |
| Jul 28, 2019 | $0.99 | Jul 30, 2019 | $0.99 |
| Aug 4, 2019 | $0.00 | ||
| Aug 11, 2019 | $0.00 | ||
| Aug 18, 2019 | $0.99 | Aug 17, 2019 | $0.99 |
| Aug 25, 2019 | $0.99 | Aug 17, 2019 | $0.99 |
| Sep 1, 2019 | $0.99 | Aug 20, 2019 | $0.99 |
| Sep 8, 2019 | $0.99 | Aug 27, 2019 | $0.99 |
| Sep 15, 2019 | $0.99 | Sep 16, 2019 | $0.99 |
| Sep 22, 2019 | $0.99 | Sep 22, 2019 | $0.99 |
| Sep 29, 2019 | $0.99 | Oct 2, 2019 | $0.99 |
| Oct 6, 2019 | $0.99 | Oct 7, 2019 | $0.99 |
| Oct 13, 2019 | $0.99 | Oct 17, 2019 | $0.99 |
| Oct 20, 2019 | $0.99 | Oct 22, 2019 | $0.99 |
| Oct 27, 2019 | $0.00 | ||
| Nov 3, 2019 | $0.99 | Nov 6, 2019 | $0.99 |
| Nov 10, 2019 | $0.99 | Nov 11, 2019 | $0.99 |
| Nov 17, 2019 | $0.99 | Nov 19, 2019 | $0.99 |
| Nov 24, 2019 | $0.99 | Nov 26, 2019 | $0.99 |
| Dec 1, 2019 | $0.99 | Dec 4, 2019 | $0.99 |
| Dec 8, 2019 | $0.99 | Dec 10, 2019 | $0.99 |
| Dec 15, 2019 | $0.99 | Dec 19, 2019 | $0.99 |
| Dec 22, 2019 | $0.99 | Dec 23, 2019 | $0.99 |
| Dec 29, 2019 | $0.99 | Dec 31, 2019 | $0.99 |
| Jan 5, 2020 | $0.99 | Jan 8, 2020 | $0.99 |
| Jan 12, 2020 | $0.00 | ||
| Jan 19, 2020 | $0.99 | Jan 20, 2020 | $0.99 |
| Jan 26, 2020 | $0.99 | Jan 27, 2020 | $0.99 |
| Feb 2, 2020 | $0.99 | Feb 4, 2020 | $0.99 |
| Feb 9, 2020 | $0.99 | Feb 11, 2020 | $0.99 |
| Feb 16, 2020 | $0.99 | Feb 17, 2020 | $0.99 |
| Feb 23, 2020 | $0.99 | Feb 26, 2020 | $0.99 |
| Mar 1, 2020 | $0.99 | Mar 6, 2020 | $0.99 |
| Mar 8, 2020 | $0.99 | Mar 17, 2020 | $0.99 |
| Mar 15, 2020 | $0.99 | Mar 25, 2020 | $0.99 |
| Mar 22, 2020 | $0.99 | Mar 31, 2020 | $0.99 |
| Mar 29, 2020 | $0.99 | Apr 9, 2020 | $0.99 |
| Apr 5, 2020 | $0.00 | ||
| Apr 12, 2020 | $0.99 | Apr 18, 2020 | $0.99 |
| Apr 19, 2020 | $0.99 | Apr 25, 2020 | $0.99 |
| Apr 26, 2020 | $0.99 | May 1, 2020 | $0.99 |
| May 3, 2020 | $0.99 | May 15, 2020 | $0.99 |
| May 10, 2020 | $0.99 | May 15, 2020 | $0.99 |
| May 17, 2020 | $0.00 | ||
| May 24, 2020 | $1.00 | May 29, 2020 | $0.98 |
| May 29, 2020 | $0.02 | ||
| May 31, 2020 | $1.00 | May 29, 2020 | $0.46 |
| Jun 17, 2020 | $0.53 | ||
| Jun 7, 2020 | $1.00 | Jun 17, 2020 | $0.43 |
| Jul 6, 2020 | $0.56 | ||
| Jun 14, 2020 | $1.00 | Jul 6, 2020 | $0.41 |
| Jul 10, 2020 | $0.58 | ||
| Jun 21, 2020 | $0.40 | Jul 10, 2020 | $0.40 |
| Jun 28, 2020 | $0.00 | ||
| Jul 5, 2020 | $0.00 | ||
| Jul 12, 2020 | $0.00 | ||
| Jul 19, 2020 | $1.00 | Jul 21, 2020 | $0.99 |
| Jul 24, 2020 | $0.01 | ||
| Jul 26, 2020 | $1.00 | Jul 24, 2020 | $0.97 |
| Jul 31, 2020 | $0.03 | ||
| Aug 2, 2020 | $1.00 | Jul 31, 2020 | $0.96 |
| Aug 6, 2020 | $0.04 | ||
| Aug 9, 2020 | $0.95 | Aug 6, 2020 | $0.95 |
| Aug 16, 2020 | $0.00 | ||
| Aug 23, 2020 | $0.00 | ||
| Aug 30, 2020 | $1.00 | Sep 1, 2020 | $0.98 |
| Sep 1, 2020 | $0.02 | ||
| Sep 6, 2020 | $1.00 | Sep 1, 2020 | $0.18 |
| Sep 13, 2020 | $0.82 | ||
| Sep 13, 2020 | $1.00 | Sep 13, 2020 | $0.17 |
| Sep 13, 2020 | $0.83 | ||
| Sep 20, 2020 | $0.16 | Sep 13, 2020 | $0.16 |
| Sep 27, 2020 | $0.00 | ||
| Oct 4, 2020 | $0.00 | ||
| Oct 11, 2020 | $1.00 | Oct 11, 2020 | $0.99 |
| Oct 22, 2020 | $0.01 | ||
| Oct 18, 2020 | $1.00 | Oct 22, 2020 | $0.98 |
| Nov 4, 2020 | $0.02 | ||
| Oct 25, 2020 | $0.97 | Nov 4, 2020 | $0.97 |
| Nov 1, 2020 | $0.00 | ||
| Nov 8, 2020 | $0.00 | ||
| Nov 15, 2020 | $0.00 | ||
| Nov 22, 2020 | $1.00 | Nov 29, 2020 | $0.99 |
| Nov 29, 2020 | $0.01 | ||
| Nov 29, 2020 | $1.00 | Nov 29, 2020 | $0.98 |
| Dec 2, 2020 | $0.02 | ||
| Dec 6, 2020 | $123.65 | Dec 2, 2020 | $0.97 |
| Dec 13, 2020 | $123.65 | ||
| Dec 20, 2020 | $123.65 | ||
| Dec 27, 2020 | $123.65 | ||
| Jan 3, 2021 | $123.65 | ||
| Jan 10, 2021 | $123.65 | ||
| Jan 17, 2021 | $123.65 | ||
| Jan 24, 2021 | $123.65 | ||
| Jan 31, 2021 | $123.65 | ||
| Feb 7, 2021 | $123.65 | ||
| Feb 14, 2021 | $123.65 | ||
| Feb 21, 2021 | $123.65 | ||
| Feb 28, 2021 | $123.65 | ||
| Mar 7, 2021 | $123.65 | ||
| Mar 14, 2021 | $123.65 | ||
| Mar 21, 2021 | $123.65 | ||
| Mar 28, 2021 | $123.65 | ||
| Apr 4, 2021 | $123.65 | ||
| Apr 11, 2021 | $123.65 | ||
| Apr 18, 2021 | $123.65 | ||
| Apr 25, 2021 | $123.65 | ||
| May 2, 2021 | $123.65 | ||
| May 9, 2021 | $123.65 | ||
| May 16, 2021 | $123.65 | ||
| May 23, 2021 | $85.32 | ||
Stephan W May 8, 2017
Loading...