Entrepreneur
Name
Charles
Member since
March 2011
On-time repayments
70 installments • 37%
About Me
I am Charles Buri Muchemi. My parents live in Ngarua while I live in Nakuru. I at a place called Bahati have one wife and one child.
My Business
I usually buy goats and cows in Ngarua and transport them to Bahati where I keep them in a pen and feed those that may be weak as I sell them to the buchermen at a profit. I use a lorry to transport the animals and have to apply for a permit to do so from the authorities. I usually go back to Ngarua when the stock is complete. It takes about two weeks to complete the stock. Sometimes the stock takes longer than this. However I am only able to transport few animals at a time. I would prefer to buy more and sell them at a whole sale price so that they can take shorter time to clear the stock. I can also diversify so that I can include the other animals such as chicken where I would buy from farmers and slaughter and put them in a freezer to sell them to the customers for consumption.
Loan Proposal
I usually buy goats and cows in Ngarua and transport them to Bahati where I keep them in a pen and feed those that may be weak as I sell them to the buchermen at a profit. I use a lorry to transport the animals and have to apply for a permit to do so from the authorities. I usually go back to Ngarua when the stock is complete. It takes about two weeks to complete the stock. Sometimes the stock takes longer than this. However I am only able to transport few animals at a time. I would prefer to buy more and sell them at a whole sale price so that they can take shorter time to clear the stock. I can also diversify so that I can include the other animals such as chicken where I would buy from farmers and slaughter and put them in a freezer to sell them to the customers for consumption.i wish to also start to transport the cereals from Ngarua to Nakuru and sell them at whole sale price so that i could be able to wait for the animals to sell.
Feedback
Positive
14
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$615.00
Date disbursed
Apr 8, 2011
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Southampton, United Kingdom
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Summary
Amount repaid
$654.60
Amount remaining
$0.00
Date repaid
Mar 2, 2012
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 8, 2011 | $72.73 | Aug 8, 2011 | $72.73 |
| Sep 8, 2011 | $72.73 | Aug 8, 2011 | $2.88 |
| Sep 17, 2011 | $69.85 | ||
| Oct 8, 2011 | $72.73 | Sep 17, 2011 | $3.32 |
| Oct 7, 2011 | $69.41 | ||
| Nov 8, 2011 | $72.73 | Oct 7, 2011 | $3.76 |
| Nov 7, 2011 | $68.98 | ||
| Dec 8, 2011 | $72.73 | Nov 7, 2011 | $4.20 |
| Dec 11, 2011 | $68.54 | ||
| Jan 8, 2012 | $72.73 | Dec 11, 2011 | $4.63 |
| Jan 12, 2012 | $68.10 | ||
| Feb 8, 2012 | $72.73 | Jan 12, 2012 | $5.07 |
| Feb 13, 2012 | $67.66 | ||
| Mar 8, 2012 | $72.73 | Feb 13, 2012 | $5.51 |
| Mar 2, 2012 | $67.22 | ||
| Apr 8, 2012 | $72.73 | Mar 2, 2012 | $72.72 |
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