Entrepreneur
Name
Samuel
Member since
October 2019
On-time repayments
136 installments • 55%
About Me
Am Samuel Ngigi. Currently living in Nairobi Am a banker by profession and and currently doing pig farming here in Kenya
My Business
I do pig farming .The business is small scale, with a current herd of 50pigs. The major challenge is feeds, which are a bit costly. Another challenge being the market price,with a kg retailing for KES 460 whereas farmers sell at Kes/280 per Kg
Loan Proposal
I will use the loan advanced to me in buying a new set of pig bread. Initially I was reading two breeds i.e landrace and Comborogh. I want to introduce Duroc breed into my farm so as cross breed the 3 for superior results. Duroc breed grows very fast hence shortening the period for rearing my pigs from 7months to even 5-6 months.
Income Source
I also run a pork supply business to pork centre around Ruiru town. With the current covid situation, food industry is the only profitable business around the country and am glad am able to supply pork event at this difficult period. I sell a kg for KES 360 and hence from a single pig of 80 kg, I get at least KES 20,000.Thus I'll comfortably service the loan. From my previous history, am even able to clear the loan before due dates.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$395.00
Date disbursed
May 30, 2020
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
Germany
World, Spain
Summary
Amount repaid
$395.13
Amount remaining
$0.00
Date repaid
Jul 24, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 7, 2020 | $32.93 | Jun 7, 2020 | $32.93 |
| Jun 14, 2020 | $32.93 | Jun 15, 2020 | $32.93 |
| Jun 21, 2020 | $0.00 | ||
| Jun 28, 2020 | $0.00 | ||
| Jul 5, 2020 | $32.04 | Jul 15, 2020 | $32.04 |
| Jul 12, 2020 | $32.04 | Jul 15, 2020 | $32.04 |
| Jul 19, 2020 | $32.04 | Jul 15, 2020 | $32.04 |
| Jul 26, 2020 | $32.04 | Jul 15, 2020 | $2.43 |
| Jul 16, 2020 | $29.60 | ||
| Aug 2, 2020 | $32.04 | Jul 16, 2020 | $32.04 |
| Aug 9, 2020 | $32.93 | Jul 16, 2020 | $32.93 |
| Aug 16, 2020 | $32.93 | Jul 16, 2020 | $3.97 |
| Jul 24, 2020 | $28.96 | ||
| Aug 23, 2020 | $32.93 | Jul 24, 2020 | $32.93 |
| Aug 30, 2020 | $32.93 | Jul 24, 2020 | $32.93 |
| Sep 6, 2020 | $32.93 | Jul 24, 2020 | $32.93 |
| Sep 13, 2020 | $4.41 | Jul 24, 2020 | $4.41 |
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