Name
Duncan
Member since
September 2018
On-time repayments
23 installments • 61%
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.
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.
I engage in farming on a 5 acres piece of land. It is located in Laikipia County, Laikipia East Subcounty. The area is fertile for farming however it is mainly semi-arid.
I have invested in a shallow well to harvest rainwater during rains. This resource is utilized during the dry seasons. This is done manually.
I would love to invest in a solar water pump that will greatly assist in the irrigation of crops. This will in turn increase profitability.
I will be able to honour my loan repayments through the selling of the already mature crops in my farm.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$82.00
Date disbursed
Aug 26, 2020
Repayment status
On Time
Projected term
4 weeks
Other loans
Amount repaid
$82.26
Amount remaining
$0.00
Date repaid
Sep 28, 2020
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 5, 2020 | $20.57 | Sep 8, 2020 | $20.57 |
Sep 12, 2020 | $20.57 | Sep 16, 2020 | $20.57 |
Sep 19, 2020 | $20.57 | Sep 28, 2020 | $20.57 |
Sep 26, 2020 | $20.57 | Sep 28, 2020 | $20.57 |
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