Entrepreneur
Name
Damson
Member since
January 2015
On-time repayments
26 installments • 46%
About Me
My name is Damson Barasa. I was born to Mr. John Barasa and the late Sarah Baraza,who I never got a chance to see,I am told she passed on while giving birth to me,may she rest in piece. I am the last born in a family of 6. I schooled upto O-level at Mundika Boys secondary school.
I started keeping rabbits while in secondary school to cater for my expenses,because my parents dad could not afford my school fees. I kept rabbits in small scale and could sell them to buy books and pens incase dad had no money . After secondary school ,a friend lend me $30 that i used to build a bigger house and expand my business. The business has slowly expanded and i currently have 34 rabbits though my aim is 300 rabbits.
I come from luhya community,our culture include traditional dancing and singing.
I am a soccer player and during my free time i join my friends to play.I also dedicate some time to visit those with various problems orphans,sick and old just to talk and motivate them.
My Business
I am a rabbit keeper,currently I have 34 rabbits. I generate revenues through sell of rabbits ,manure and urine.
Most rabbits waste provide very good manure and I use it in my small vegetable farm and also sell to organic farmers . The rabbit meat is preferred by most people who dont like red meat and the demand has steadily risen over the years.
I choose this business because i had experience in rabbit keeping and had ready market for the them.
I spend 50 dollers on average and get 200 dollers in a good month from the sales. I use my profits to pay fees for niece,save to reinvest and support our family general upkeep.
Loan Proposal
Honorable lenders, I hope you are fine. I take this opportunity to submit my request for a loan to buy 40 more rabbits. I have struggled and constructed a new rabbitry unit which has not been under utilized since December 2014 when it was completed because i ran short of cash, $100 loan will be a big boost to my farm. Thank you in advance.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 30, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Singapore, Singapore
South Bend, United States
Mountain View, United States
[email protected], United States
United States
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Summary
Amount repaid
$101.56
Amount remaining
$0.00
Date repaid
Mar 15, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $16.92 | Feb 7, 2015 | $16.92 |
| Feb 15, 2015 | $16.92 | Feb 7, 2015 | $0.38 |
| Feb 14, 2015 | $16.54 | ||
| Feb 22, 2015 | $16.92 | Feb 14, 2015 | $0.08 |
| Feb 26, 2015 | $16.84 | ||
| Mar 1, 2015 | $16.92 | Feb 26, 2015 | $0.24 |
| Mar 1, 2015 | $16.63 | ||
| Mar 8, 2015 | $0.06 | ||
| Mar 8, 2015 | $16.92 | Mar 8, 2015 | $16.91 |
| Mar 15, 2015 | $0.01 | ||
| Mar 15, 2015 | $16.96 | Mar 15, 2015 | $16.96 |
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