Entrepreneur
Name
Japheth
Member since
July 2015
On-time repayments
178 installments • 62%
About Me
I was born in a village known as Simat in Uasin-Gishu County, Kenya, where I attended community primary school and later proceeded to a national secondary school. I completed my college learning in Nairobi in 2014 December. During my primary school studies, I had fee problems since I came from a financially struggling family. I started operating a small tree nursery of 1000 tree seedlings per season of which I sold each seedling at KSh 5. I used the money I raised from the project to pay partly for my school fee and to buy uniforms and textbooks. This helped me to pursue my education smoothly.
My Business
TOMATO FARMING
I grow tomatoes as a business. Tomatoes are in high demand due to my farm's proximity to Eldoret town which has approximately 1.2m residents. I chose tomato farming because of my passion for farming and the high returns. I use approximately 700 USD for planting and general crop care until harvest per season. Upon harvest, I get a profit of approximately 400 USD per season. I partly use the profits I get for payment of school fees for my siblings and the rest I reinvest in other businesses.
Loan Proposal
I have ordered new set of broilers expecting to be delivered on 7th December. I will therefore use the loan to buy 3 sacks of chick mash each at Ksh3000, This will enable me to feed my broilers while accumulating money to purchase feeds for the following 3 weeks.
About Me
I was born in a village known as Simat in Uasin-Gishu county Kenya, where i attended community primary school later proceeded a national secondary school and completed my college learning in Nairobi in 2014 December. During my primary school studies i had fee problems since i came from a financially struggling family. I started operating a small tree nursery 0f 1000 tree seedlings per season of which sell each seedling at Ksh 5. I used the money i raised from the project to pay partly for my school fee and buy uniforms and textbooks and this helped me to pursue my Education smoothly.
My Business
TOMATO FARMING
I grow tomatoes as a Business. Tomatoes are on high demand due to my farm proximity to Eldoret town which has approximately 0.3m urban residents. I chose tomato farming because of my passion to farming and high returns. I use approximately 700USD for planting and general crop care till harvest per season. Upon harvest i get a profit of approximately 400USD per season. I partly use the profits i get for payment of school fees for my siblings, I reinvest some on other Businesses including poultry farming and Maize farming and save the rest for future use.
Loan Proposal
I have ordered new set of broilers expecting to be delivered on 7th December. I will therefore use the loan to buy 3 sacks of chick mash each at Ksh3000, This will enable me to feed my broilers while accumulating money to purchase feeds for the following 3 weeks.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Nov 3, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
Fontvielle, Monaco, Yemen
Summary
Amount repaid
$101.37
Amount remaining
$0.00
Date repaid
Dec 27, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 15, 2015 | $5.00 | Nov 21, 2015 | $5.00 |
| Nov 22, 2015 | $5.00 | Nov 25, 2015 | $5.00 |
| Nov 29, 2015 | $0.00 | ||
| Dec 6, 2015 | $20.00 | Dec 1, 2015 | $5.00 |
| Dec 6, 2015 | $15.00 | ||
| Dec 13, 2015 | $20.00 | Dec 13, 2015 | $20.00 |
| Dec 20, 2015 | $20.00 | Dec 20, 2015 | $20.00 |
| Dec 27, 2015 | $31.37 | Dec 27, 2015 | $31.37 |
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