Distributing local farm produce

Lawrence Otieno

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Lawrence Otieno

Member since

December 2018

On-time repayments

21 installments  •  62%

About Me

Am Lawrence Ouma a business man a Kenyan as well an agriculturalist venturing in mainly crop production and business though still in small scale due to poor financial support but it has a great future in raising the production to a dream limit and am looking forward to moving together to move together with you for the achievent both in agriculture and business.

My Business

My business rotates around livestock production and marketing as well as crop productions and marketing that are mostly produced within but with limited customers due to low exposure to the new products from livestock and crop products especially during this pandemic period

Loan Proposal

I venture largely and extensively inagricultural production and business.During these hard times, accessing business funds is a challenge for instance right now getting funds for sponsoring agricultural activities is hectic so this fund is to help in purchase of agricultural products that is a challenge accessing due to the negative national economic diviation state thereby helping in farm sponsorship to help ran the farm irrespective of the finacial chellenge hence ensuring good returns.

Income Source

Being that my business is a little bit mature and has enhanced making of stable background of reliable customers who are still accessible to my products. Though currently there is no open air marketing but the reliable customers especially those in nearby markets and localities place their orders online and deliveries done at an affordable price. This ensures smooth running of the business though there is a negative tilt in profits made,but the little gotten can still be used successfully to sustain it and used in all repayments in time.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$62.87

Date disbursed

Jun 3, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $5.30

Credit risk payment: $5.82

Lenders

Jason

Auckland, New Zealand

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

M

Margaret

United States

M

Mary

United States

Donald Major

United States

Christine

Munich, Germany

M

Maria

Germany

Yosef

United States

V

Victoria

United States

Ask Lawrence a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$62.87

Amount remaining

$0.00

Date repaid

Jul 29, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 13, 2020 $10.48 Jun 12, 2020 $10.48
Jun 20, 2020 $10.48 Jun 17, 2020 $10.48
Jun 27, 2020 $10.48 Jun 29, 2020 $10.48
Jul 4, 2020 $10.48 Jul 8, 2020 $10.48
Jul 11, 2020 $10.48 Jul 10, 2020 $10.48
Jul 18, 2020 $10.45 Jul 29, 2020 $10.45

Loading...