A loan to buy cattle feeds

Ken

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ken

Member since

February 2017

On-time repayments

25 installments  •  64%

About Me

my name is kennedy watti from kenya. i have a bachelors degree in mathematics from University of Egerton njoro. am currently working in a bank called Faulu in kenya but also have side hustles in kitale in tranzoia county

My Business

Iam a banker with monthly salary of 347,000 and own a farm practising dairy farming with monthly income of 100000. i have 4 cows that produce 20 litres each.that is 80 litres daily at a cost of kes 30. proceeds paid montly in arreas

Loan Proposal

The loan is to be used to buy Giant king grass seeds and natural manure. The Total costs are Kes 25,000. I have Kes 16,000.

The Seeds cost Kes 2000 per Kilo and require 8 Kgs and Manure will cost Kes 5,000 and Labour to cost 2,000. The Grasss takes 120 Days to grow. This projects is estimated to give me overall saving of 15,000 per month on the savings that i would have used in buying cattle feeds.

Feedback

1

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  • guenter    Jan 26, 2019

    Ken payed back one month late - but he payed back the full amount without problems.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$70.00

Date disbursed

Dec 15, 2018

Repayment status

On Time

Projected term

1 week

Lenders

G

guenter

Bremen, Germany

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$70.85

Amount remaining

$0.00

Date repaid

Jan 24, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 24, 2018 $70.85 Jan 24, 2019 $70.85

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