Name
Stephen
Member since
August 2017
On-time repayments
92 installments • 23%
My names are Stephen Chumba from Eldoret, UasinGishu County. As young boy I grew up in the village and went to school in the same vicinity from nursery to standard seven. Live was not all that rosy.
There were difficulties but I overcame because I knew there was a future and I had to work hard. After my secondary I started my small farming and I am still doing it to-date. After the rich had harvested their farms, I could go to look for anything that
was left and would gather little from many farms sale for an income that helped me to start farming. The land and the people around me are friendly helpful in many ways.
I have five children. One wants to be a farmer,another a teacher, another a doctor, another business. All are still at school. I love reading.
.
Maize production and dairy farming is mainly my business. Maize is staple food and milk too. I chose this kind of business because it is easier and has ready market.The typical costs depends on the cost of seeds, fertilizers,farm iplements and animal feeds
during dry spells
The profits goes to improvement of the business, school fees and other family needs
that may arise from time to time.
The applied loan will assist me to purchase dairy feeds for my buy.I will buy five bags of dairy meal at five dollars each.This will amount to twenty five dollars.The said dairy meal will effectively boost the production of milk.It therefore means more milk translates to more income.Iam aware that the applied loan is less than the required cost but l will get into my pockets so as meet the said amount. When the dairy cows are well fed and are exposed to good health conditions,they will immediately respond and produce good dairy milk and hense more dollars.The expected profit will be around fifteen dollars per day.Some amount will go into more purchases additinal suppliments to boost milk production.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$7.00
Date disbursed
Sep 5, 2017
Repayment status
On Time
Projected term
3 weeks
Amount repaid
$6.87
Amount remaining
$0.00
Date repaid
Sep 8, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 14, 2017 | $2.95 | Sep 6, 2017 | $2.95 |
Sep 21, 2017 | $2.95 | Sep 7, 2017 | $2.95 |
Sep 28, 2017 | $0.98 | Sep 8, 2017 | $0.98 |
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