Japheth
Nairobi.kahawa Wendani, Kenya
43% repaid
Name
Japheth
Member since
August 2014
On-time repayments
346 installments • 37%
Am a
Hhhh
With this loan i shall purchase 1/8 acre of land which i shall then use for poultry farming.
The land in question currently costs $960 hence i top up the deficit.
In Kenya land is a preciouse commodity and is known to appreciate every year by 25%, therefore this is a worthwhile investment which can only get better with time.
Purchasing this land will enable me upto 500 chickens which i will sell at maturity and also their eggs.
Admittedly this venture will take some time like 3 months, before it can start yielding profits but till then i will be servicing this loan using my other sources of income.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$736.00
Date disbursed
Jan 2, 2016
Repayment status
Late
Projected term
75 months
Other loans
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