Purchase of equipment for use on tea plantation
Raha
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Raha
Member since
July 2015
On-time repayments
118 installments • 78%
About Me
I'm a mother of three- two girls and one boy. I'm an agricultural enthusiast, with a Bachelor's Degree in Agriculture. I'm even planning to do a Master's program and my dreams are way far beyond normal reach. I've always had passion for anything to do with Agriculture ever since I was a young girl. The one thing I love most about agriculture is how it's revolutionizing with time. The machines being used today are not things we had when I was a young girl. This revolution has brought so passion and drive for even further innovation. I decided to venture into agriculture, since the first day in college. After college, I sought a job for two years without any fruits or signs of even getting one. What sustained me during this time was my husband's earnings. This was not the life I had always dreamed of, being nothing more than a house wife. I always felt I had the potential to do even much big, if only I had the opportunity.
My Business
It dawned on me that I was letting my potential waste away by just staying indoors. We later came into an agreement with my husband that I'd have to go back home and invest in the tea plantations. We bought a couple acres of tea land, and this has been of much benefit to me and my family, as a whole. Tea exportation is one of Kenya's major revenue sources. It's a huge industry which has been performing quite well. It's actually one of the major boosters of Kenya's economy, as a whole.
Having recognizing this, I've been constantly looking for ways to maximize on my effort and earnings. I've to say the previous year hasn't been of what I had expected. I've realized that I've been failing the recent months due to my lack of innovation. If I would implement good, suitable technology ideas, I'd be succeeding and doing even far much more. I want to buy two ploughing machines and create partitions on my land so that calculating and working efficiently will be easy. I'm also planning to increase the number of workers on the land. This will boost the amount of work done in a day, and in turn, increase my earnings.
Loan Proposal
I'll use the land to purchase necessary equipment, which will cost around $250. This will also be enough to buy devices such as calculators, a computer to keep and maintain records, and registry books to record the workers' pay days and wages. The loan will be of much aid to me, as it will boost my potential of earning even more and developing my agricultural venture, both technology- and economy- wise. I'll use my increased earnings to pay the loan in installments, and complete its full payment in time. Thanks a lot.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 21, 2015
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
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Summary
Amount repaid
$104.49
Amount remaining
$0.00
Date repaid
Jan 8, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 2, 2015 | $5.15 | Aug 11, 2015 | $5.15 |
| Aug 9, 2015 | $0.81 | Aug 11, 2015 | $0.81 |
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $3.09 | Aug 23, 2015 | $3.09 |
| Aug 30, 2015 | $3.09 | Aug 23, 2015 | $2.06 |
| Aug 31, 2015 | $1.03 | ||
| Sep 6, 2015 | $3.09 | Aug 31, 2015 | $2.06 |
| Sep 13, 2015 | $1.03 | ||
| Sep 13, 2015 | $3.09 | Sep 13, 2015 | $0.82 |
| Sep 16, 2015 | $1.75 | ||
| Sep 24, 2015 | $0.52 | ||
| Sep 20, 2015 | $3.09 | Sep 24, 2015 | $1.03 |
| Sep 28, 2015 | $2.06 | ||
| Sep 27, 2015 | $3.09 | Sep 28, 2015 | $1.13 |
| Oct 14, 2015 | $1.96 | ||
| Oct 4, 2015 | $3.09 | Oct 14, 2015 | $3.09 |
| Oct 11, 2015 | $3.09 | Oct 14, 2015 | $3.09 |
| Oct 18, 2015 | $3.09 | Oct 14, 2015 | $0.10 |
| Oct 22, 2015 | $2.99 | ||
| Oct 25, 2015 | $3.09 | Oct 22, 2015 | $0.10 |
| Nov 3, 2015 | $2.99 | ||
| Nov 1, 2015 | $2.16 | Nov 3, 2015 | $0.10 |
| Nov 9, 2015 | $2.06 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $0.00 | ||
| Nov 29, 2015 | $1.03 | Dec 2, 2015 | $1.03 |
| Dec 6, 2015 | $1.03 | Dec 11, 2015 | $1.03 |
| Dec 13, 2015 | $1.03 | Dec 11, 2015 | $1.03 |
| Dec 20, 2015 | $1.03 | Dec 11, 2015 | $1.03 |
| Dec 27, 2015 | $1.03 | Dec 11, 2015 | $1.03 |
| Jan 3, 2016 | $1.03 | Dec 11, 2015 | $1.03 |
| Jan 10, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Jan 17, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Jan 24, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Jan 31, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Feb 7, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Feb 14, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Feb 21, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Feb 28, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Mar 6, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Mar 13, 2016 | $1.03 | Dec 19, 2015 | $1.03 |
| Mar 20, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Mar 27, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Apr 3, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Apr 10, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Apr 17, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Apr 24, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| May 1, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| May 8, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| May 15, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| May 22, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| May 29, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jun 5, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jun 12, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jun 19, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jun 26, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jul 3, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jul 10, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jul 17, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jul 24, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Jul 31, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Aug 7, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Aug 14, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Aug 21, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Aug 28, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Sep 4, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Sep 11, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Sep 18, 2016 | $1.03 | Dec 29, 2015 | $1.03 |
| Sep 25, 2016 | $0.48 | Dec 29, 2015 | $0.48 |
| Oct 2, 2016 | $5.15 | Jan 3, 2016 | $5.15 |
| Oct 9, 2016 | $5.15 | Jan 3, 2016 | $5.15 |
| Oct 16, 2016 | $10.31 | Jan 6, 2016 | $5.15 |
| Jan 8, 2016 | $5.15 | ||
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