Loan to lease a piece of land and buy irrigation machine

Stephen

Eldoret, Kenya

5% repaid

Entrepreneur

Name

Stephen

Member since

March 2017

On-time repayments

107 installments  •  22%

About Me

I am a resident of Eldoret, the city of champions , born in the year 1988 at a place called Turbo, i grew up during my tender age at that village. I managed to access education at Umoja Primary school in before joining Kapsoya shcool.
we owned a very large piece of land at home and having the background knowledge in Agriculture from my high school moments, i used the piece of land to plant kale and sale to the market place.
I lost my father after completing secondary school adn this denied me the opportunity to join the university because my mother could not be able to pay my school fees.

My Business

i do farming in eldoret, small scale farming where i plant food crops and sale to the local residence of the area.
These services are very useful and important because they are the most basic need that we need to survive. It is food to our body this increases the demand.
i chose this business because of availability of resources. I had a piece of land and the inputs could easily be accessed from our cows dungs.
i use the m0ney that i make to support my family, my mother is currently in her late 50s and she rarely works so i have taken the responsibility of providing food to her and my young ones. I also grow my farming business by buying inputs so that i can increase my income and the quantity of my produce.

Loan Proposal

Thank you lenders ones again for this humble opportunity. Given this loan again, i wil invest the sum total of 400 us dollars into buying an Irrigation machine called the Money Maker Pump at a cost of 290 us dollars, lease a piece of land for farming at a cost of 100 us dollars and use the remaining 10 us dollars to buy inputs for conducting the farming.
I will personally benefit from this business because i will increase my income and hence better my living. Other people will also benefit because i will create employment to people who will work in the farm as well as my customers will get the farm products readily.
I will increase my income as i will now be conducting large scale farming. Thank you lenders, God bless your work as i look forward to working with you people again.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$417.00

Date disbursed

Nov 5, 2017

Repayment status

Late

Projected term

19 months

Lenders

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

MC

Martin Carmouze

Sterling, United States

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Summary

Amount repaid

$19.67

Amount remaining

$396.84

Expected completion

Jun 19, 2019

Status

Repaying late

Installment amount

$4.92

Repayment History

Expected Payments Actual Payments
Nov 15, 2017 $9.84 Nov 14, 2017 $9.84
Nov 22, 2017 $9.84 Dec 1, 2017 $9.84
Nov 29, 2017 $0.00
Dec 6, 2017 $4.92
Dec 13, 2017 $4.92
Dec 20, 2017 $4.92
Dec 27, 2017 $4.92
Jan 3, 2018 $4.92
Jan 10, 2018 $4.92
Jan 17, 2018 $4.92
Jan 24, 2018 $4.92
Jan 31, 2018 $4.92
Feb 7, 2018 $4.92
Feb 14, 2018 $4.92
Feb 21, 2018 $4.92
Feb 28, 2018 $4.92
Mar 7, 2018 $4.92
Mar 14, 2018 $4.92
Mar 21, 2018 $4.92
Mar 28, 2018 $4.92
Apr 4, 2018 $4.92
Apr 11, 2018 $4.92
Apr 18, 2018 $4.92
Apr 25, 2018 $4.92
May 2, 2018 $4.92
May 9, 2018 $4.92
May 16, 2018 $4.92
May 23, 2018 $4.92
May 30, 2018 $4.92
Jun 6, 2018 $4.92
Jun 13, 2018 $4.92
Jun 20, 2018 $4.92
Jun 27, 2018 $4.92
Jul 4, 2018 $4.92
Jul 11, 2018 $4.92
Jul 18, 2018 $4.92
Jul 25, 2018 $4.92
Aug 1, 2018 $4.92
Aug 8, 2018 $4.92
Aug 15, 2018 $4.92
Aug 22, 2018 $4.92
Aug 29, 2018 $4.92
Sep 5, 2018 $4.92
Sep 12, 2018 $4.92
Sep 19, 2018 $4.92
Sep 26, 2018 $4.92
Oct 3, 2018 $4.92
Oct 10, 2018 $4.92
Oct 17, 2018 $4.92
Oct 24, 2018 $4.92
Oct 31, 2018 $4.92
Nov 7, 2018 $4.92
Nov 14, 2018 $4.92
Nov 21, 2018 $4.92
Nov 28, 2018 $4.92
Dec 5, 2018 $4.92
Dec 12, 2018 $4.92
Dec 19, 2018 $4.92
Dec 26, 2018 $4.92
Jan 2, 2019 $4.92
Jan 9, 2019 $4.92
Jan 16, 2019 $4.92
Jan 23, 2019 $4.92
Jan 30, 2019 $4.92
Feb 6, 2019 $4.92
Feb 13, 2019 $4.92
Feb 20, 2019 $4.92
Feb 27, 2019 $4.92
Mar 6, 2019 $4.92
Mar 13, 2019 $4.92
Mar 20, 2019 $4.92
Mar 27, 2019 $4.92
Apr 3, 2019 $4.92
Apr 10, 2019 $4.92
Apr 17, 2019 $4.92
Apr 24, 2019 $4.92
May 1, 2019 $4.92
May 8, 2019 $4.92
May 15, 2019 $4.92
May 22, 2019 $4.92
May 29, 2019 $4.92
Jun 5, 2019 $4.92
Jun 12, 2019 $4.92
Jun 19, 2019 $3.43

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