Entrepreneur
Name
Ruth
Member since
September 2014
On-time repayments
79 installments • 35%
About Me
My name is Ruth Obara from Angorom ,Teso south Busia County. I am the only child in our family and my parents passed on in a greasily road accident while I was still young,I was later adopted by one my aunts.I went to secondary school and later proceeded to Egerton University last year.
This year i am supposed to proceed to second year of study but due to financial constraints I have differed my studies for one year and started farming to raise my fees.
From my commercial farming I have been able to pay my university fees for first year studies.I have also been able to to take care of my bills.
During my free time a read motivational books which have been a great pillar in my life.I also love singing and dancing.Occasionally I go for boat riding.
I am looking forward to joining Zidisha since i believe i will be able to expand my farm get more revenues and go back to school.I will also be able to save some money to start small business while in college to sustain my bills ,save for fees and service my loan.
My Business
My name is Ruth Obara,I come from Angorom village Teso south Busia County, in western Kenya .I am a small commercial farmer, engaging in traditional African vegetables and exotic vegetables. I provide fresh, and high quality vegetables to my clients.
I have about 1 acre of land but currently I only utilize quarter of the land, since I don’t have the resource for expansion. I grow traditional African vegetables and sell it to fellow villagers and wholesalers who come to my farm. The business is profitable because the vegetables grow very fast and that means more money for me. I rarely use fertilizer and that has greatly increased my revenues, since I cut on the cost of production.
My business does not really face any great threat since the vegetables are rarely attacked by diseases and pests, the demand is equally high, however occasionally thieves steal my vegetables and that always reduce my revenue.
I spend $30 as production costs each month, (buying seeds and labor) .My monthly revenue is $180 and so in a good month I make a profit of $150.
I intend to service my loan using money I earn from my business. I am looking forward to expand my business so that I can get maximum revenues from my farm and employ a farm hand to take of it while I am in college.
Thank you for visiting my profile
Loan Proposal
Hello ladies and gentlemen,with you help I can see some light at the end of the tunnel,I had no hopes but you have given me hope!!! My farm picked up well and my revenues increased.I am requesting for a loan to aid purchase of a knapsack sprayer for my farm,currently i hire one from a neighbor,I believe having my own will help me cut costs . Thanks so much for your support once again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$146.00
Date disbursed
Jan 23, 2015
Repayment status
Late
Projected term
14 months
Other loans
Lenders
New York, United States
Chicago, United States
Germany
Austria
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Summary
Amount repaid
$63.93
Amount remaining
$102.39
Expected completion
Apr 17, 2016
Status
Repaying late
Installment amount
$2.25
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 1, 2015 | $24.69 | Feb 1, 2015 | $24.69 |
| Feb 8, 2015 | $1.16 | Feb 1, 2015 | $1.16 |
| Feb 15, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Feb 22, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Mar 1, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Mar 8, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Mar 15, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Mar 22, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Mar 29, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Apr 5, 2015 | $2.25 | Feb 6, 2015 | $2.25 |
| Apr 12, 2015 | $2.25 | Feb 14, 2015 | $2.25 |
| Apr 19, 2015 | $2.25 | Feb 14, 2015 | $1.12 |
| May 11, 2015 | $1.12 | ||
| Apr 26, 2015 | $2.25 | May 11, 2015 | $2.25 |
| May 3, 2015 | $2.25 | May 11, 2015 | $2.25 |
| May 10, 2015 | $2.25 | May 11, 2015 | $2.25 |
| May 17, 2015 | $2.25 | May 11, 2015 | $2.25 |
| May 24, 2015 | $2.25 | May 11, 2015 | $2.25 |
| May 31, 2015 | $2.25 | May 11, 2015 | $2.25 |
| Jun 7, 2015 | $2.25 | May 11, 2015 | $2.13 |
| Jun 14, 2015 | $2.25 | ||
| Jun 21, 2015 | $2.25 | ||
| Jun 28, 2015 | $2.25 | ||
| Jul 5, 2015 | $2.25 | ||
| Jul 12, 2015 | $2.25 | ||
| Jul 19, 2015 | $2.25 | ||
| Jul 26, 2015 | $2.25 | ||
| Aug 2, 2015 | $2.25 | ||
| Aug 9, 2015 | $2.25 | ||
| Aug 16, 2015 | $2.25 | ||
| Aug 23, 2015 | $2.25 | ||
| Aug 30, 2015 | $2.25 | ||
| Sep 6, 2015 | $2.25 | ||
| Sep 13, 2015 | $2.25 | ||
| Sep 20, 2015 | $2.25 | ||
| Sep 27, 2015 | $2.25 | ||
| Oct 4, 2015 | $2.25 | ||
| Oct 11, 2015 | $2.25 | ||
| Oct 18, 2015 | $2.25 | ||
| Oct 25, 2015 | $2.25 | ||
| Nov 1, 2015 | $2.25 | ||
| Nov 8, 2015 | $2.25 | ||
| Nov 15, 2015 | $2.25 | ||
| Nov 22, 2015 | $2.25 | ||
| Nov 29, 2015 | $2.25 | ||
| Dec 6, 2015 | $2.25 | ||
| Dec 13, 2015 | $2.25 | ||
| Dec 20, 2015 | $2.25 | ||
| Dec 27, 2015 | $2.25 | ||
| Jan 3, 2016 | $2.25 | ||
| Jan 10, 2016 | $2.25 | ||
| Jan 17, 2016 | $2.25 | ||
| Jan 24, 2016 | $2.25 | ||
| Jan 31, 2016 | $2.25 | ||
| Feb 7, 2016 | $2.25 | ||
| Feb 14, 2016 | $2.25 | ||
| Feb 21, 2016 | $2.25 | ||
| Feb 28, 2016 | $2.25 | ||
| Mar 6, 2016 | $2.25 | ||
| Mar 13, 2016 | $2.25 | ||
| Mar 20, 2016 | $2.25 | ||
| Mar 27, 2016 | $2.25 | ||
| Apr 3, 2016 | $2.25 | ||
| Apr 10, 2016 | $2.25 | ||
| Apr 17, 2016 | $3.40 | ||
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