Entrepreneur
Name
Emily
Member since
January 2015
On-time repayments
203 installments • 28%
About Me
My name is Emily, married with two children. I finished my O levels in 2009 and I could not go further to college since I lacked fees for the same. I then resolved to do some small business of buying and selling of cereals before I got married.
Though this business was once in a while I managed to survive with the profits I made for my upkeep.
My Business
I restarted my business of buying maize and beans late 2013 because I realized that my customers had started looking for my goods. Buying of maize on season especially November - December is usually favourable since the farmers are selling at a lower prices compared to the other months of the year. Since my county is favourable for maize and beans I found out that dealing with these two commodities will not give me a lot of stress. Note that I need not to go far, I just buy at my home and customers just bring their produce to my door step.
I stock my maize and beans until the time when the prices have hiked up. For beans I usually wait until April when farmers will be looking for seeds, (initial price of 90kgs is at Ksh. 4500 while the price I sell is Ksh. 6500 i.e a profit of Ksh. 2000)
At times I sell them to nearby secondary schools for consumption, I don't incur any transport because they come for them. For the maize the initial price is Ksh. 2000 and I sell a bag(90kg) at Ksh. 3,000 thus a profit of Ksh. 1000.
The challenge which I face is the finance to buy more cereals because at times I receive a lot of bags but cash do normally limit my buying.
My profits I make from my business are usually used to reinvest in it, and also meet the other needs like paying school fees for my first born daughter.
Loan Proposal
I intend to stock more of cereals since I have a ready market for the same. Since I have already bought Maize for last year I will now add some few bags although the price is a bit high I do hope that at least I will something out of it. The price now is US 30.06 so I intend to add around 4 bags, I believe by March/April I will sell at US 38.97 i.e a profit of US 8.9.
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 18, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
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Summary
Amount repaid
$108.47
Amount remaining
$0.00
Date repaid
Sep 11, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 25, 2015 | $3.18 | Jan 25, 2015 | $3.18 |
| Feb 1, 2015 | $3.18 | Jan 25, 2015 | $0.19 |
| Feb 2, 2015 | $2.99 | ||
| Feb 8, 2015 | $3.18 | Feb 2, 2015 | $0.04 |
| Feb 8, 2015 | $3.13 | ||
| Feb 15, 2015 | $3.18 | Feb 8, 2015 | $0.24 |
| Feb 15, 2015 | $2.94 | ||
| Feb 22, 2015 | $3.18 | Feb 15, 2015 | $0.43 |
| Feb 23, 2015 | $2.75 | ||
| Mar 1, 2015 | $3.18 | Mar 13, 2015 | $3.18 |
| Mar 8, 2015 | $3.18 | Mar 13, 2015 | $0.19 |
| Mar 20, 2015 | $2.99 | ||
| Mar 15, 2015 | $3.18 | Mar 20, 2015 | $3.18 |
| Mar 22, 2015 | $3.18 | Mar 20, 2015 | $3.18 |
| Mar 29, 2015 | $3.18 | Mar 20, 2015 | $0.76 |
| Apr 24, 2015 | $2.42 | ||
| Apr 5, 2015 | $3.18 | Apr 24, 2015 | $3.18 |
| Apr 12, 2015 | $3.18 | Apr 24, 2015 | $2.83 |
| May 20, 2015 | $0.35 | ||
| Apr 19, 2015 | $3.18 | May 20, 2015 | $3.18 |
| Apr 26, 2015 | $3.18 | May 20, 2015 | $3.18 |
| May 3, 2015 | $3.18 | May 20, 2015 | $3.18 |
| May 10, 2015 | $3.18 | May 20, 2015 | $3.18 |
| May 17, 2015 | $3.18 | May 20, 2015 | $3.18 |
| May 24, 2015 | $3.18 | May 20, 2015 | $0.61 |
| Jun 11, 2015 | $2.57 | ||
| May 31, 2015 | $3.18 | Jun 11, 2015 | $3.18 |
| Jun 7, 2015 | $3.18 | Jun 11, 2015 | $3.18 |
| Jun 14, 2015 | $3.18 | Jun 11, 2015 | $2.30 |
| Jun 15, 2015 | $0.88 | ||
| Jun 21, 2015 | $3.18 | Jun 15, 2015 | $0.25 |
| Jul 11, 2015 | $2.93 | ||
| Jun 28, 2015 | $3.18 | Jul 11, 2015 | $3.18 |
| Jul 5, 2015 | $3.18 | Jul 11, 2015 | $3.18 |
| Jul 12, 2015 | $3.18 | Jul 11, 2015 | $1.94 |
| Aug 13, 2015 | $1.24 | ||
| Jul 19, 2015 | $3.18 | Aug 13, 2015 | $3.18 |
| Jul 26, 2015 | $3.18 | Aug 13, 2015 | $3.18 |
| Aug 2, 2015 | $3.18 | Aug 13, 2015 | $3.18 |
| Aug 9, 2015 | $3.18 | Aug 13, 2015 | $0.46 |
| Sep 11, 2015 | $2.72 | ||
| Aug 16, 2015 | $3.18 | Sep 11, 2015 | $3.18 |
| Aug 23, 2015 | $3.18 | Sep 11, 2015 | $3.18 |
| Aug 30, 2015 | $3.18 | Sep 11, 2015 | $3.18 |
| Sep 6, 2015 | $3.18 | Sep 11, 2015 | $3.18 |
| Sep 13, 2015 | $3.54 | Sep 11, 2015 | $3.54 |
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