Entrepreneur
Name
Duncan
Member since
September 2018
On-time repayments
23 installments • 61%
About Me
I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.
I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.
My Business
I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.
Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.
I have engaged 10 people on a full-time basis and 7 on a casual basis.
Loan Proposal
The loan will be used to buy knapsack sprayers for use in spraying insecticides and follia feeds to vegetables (cabbages, red onions and capsicum) that I am currently farming. Each sprayer costs out 22USD TOTAL for two is USD 44.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Nov 22, 2018
Repayment status
On Time
Projected term
2 weeks
Other loans
Lenders
Summary
Amount repaid
$49.85
Amount remaining
$0.00
Date repaid
Dec 7, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 29, 2018 | $24.93 | Dec 7, 2018 | $24.93 |
| Dec 6, 2018 | $24.92 | Dec 7, 2018 | $24.92 |
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