Buying of green tea leaves

Alfred

Kericho, Kenya

100% repaid

Entrepreneur

Name

Alfred

Member since

January 2015

On-time repayments

86 installments  •  31%

About Me

I am the first born son in a family of five. Who has managed all odds in the family, My father passed on when I was in class seven and I have struggled through in life to completing my form four (High school education). my mum who is not willing to support me as well as my other siblings. I finished my high school in 2009 and passed very well. Despite all this I am still struggling to find fees for my further education. i am currently struggling to cater for my 2 younger sisters and a brother. My relatives did a lot to provide for my High school education and for this I owe them a big gratitude. though they have not continued with there support I believe it is because they also have there siblings to look after. I am currently paying School fees for my younger sisters and brother who are in Academy within Kericho county.

My Business

I started the business of buying and selling of tea leaves in 2010 but could not fully pick up because of capital. I then went for a part time employment (in a bar) to cater for my capital of which I raised Ksh 5000. This enable me to proceed with my business of buying and selling of tea leaves. To date the business is running very well and my sisters are progressing on well in school. The main challenge which I am experiencing in this business is lack of capital. After I realized that all my profits go to fees for my sisters.

Loan Proposal

When I get this loan,it will help me improve on my Tea buying and selling project following ways;
1. I intend to use 70 dollars to buy more green tea from farmers
2. The remainder i will use to pay for my sister's school fee .
3. By this in my business am expecting to get a profit per kilogram of 0.2 dollars and per month is equivalent to 0.2 dollars*600 kilograms

with the profit which i will get from the business I will use it to build my house of which I am currently living with a friend.

I will be greteful for the loan

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 20, 2015

Repayment status

On Time

Projected term

5 months

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  • Kipkoech    Mar 17, 2018

    Hello I have contacted Alfred to come and see me this coming Monday to debate on his overdue repayment.

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  • Mwania    Jan 8, 2016

    Hey lenders,
    Keter is committed to repayment of his loan. The month of december had many commitments which made delays to repayment and will soon resume on time repayments

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  • Mwania    Nov 28, 2015

    Dear Lenders
    Alfred is doing well in his business despite low productions and promised to deposit his instalment as soon as possible

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  • Alfred    Nov 3, 2015

    the productions is low hence low income

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  • Alfred    Aug 17, 2015

    The production level of green tea leaves has gone down, hence low income.

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  • Mwania    Aug 14, 2015

    Hi Lenders
    Today i contacted Alfred Keter through phone. I found that Keter faced problems which made him find difficulties in loan repayment.
    He promised that he will do repayment as quickly as possible before he adjusts his repayments.
    Keter is a good man and will clear the loan as he looks forward to borrow more money in future

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  • Alfred    Jul 22, 2015

    Once Again i am gratefull for all the lenders who have lended to me. I also pledge that I will not disappoint you in any way. For in you My plans will grow to a greater height and my future is becoming brighter and brighter day by day. Thanks lenders

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  • Kipkoech    Jun 15, 2015

    Congrat Alfred Keep I saw good fruits from what you showed me the last time I made a visit.

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  • Alfred    Apr 21, 2015

    Hi,the funds have really improved my earnings ,since now thats its raining.i am also planning to buy more green tea leaves .thank you

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  • Alfred    Apr 1, 2015

    There was an increase in production of green tea delivered to my account

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  • Alfred    Apr 1, 2015

    Thanks so much lenders for your kind support I received the USD 100 and it has helped me to increase the number of green tea i deliver to the factory by 50%

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  • Simon    Jan 20, 2015

    all the best in your business

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