Entrepreneur
Name
S Kip
Member since
January 2015
On-time repayments
74 installments • 19%
About Me
I am from Kericho, i was born from a humble family and despite all the challenges i managed to complete my high school education with good grades which enabled me to join university in Kenya ( Egerton university) where i did Bachelor of commerce finance option,i have been trying to secure a job but have not yet , therefore due to well wishers and God intervention i am currently pursuing my masters degree in business administration which am expecting to complete this year. I married recently to energetic , good and caring wife.
My Business
being in kericho my business will be deal with buying of tea leaves from the farmers and selling the to factory where they are processed to tea, the business is good due to readily available market (the factory) and reliable suppliers who are the farmers i have been in the business for 2years its only that it is small-scale but the profit i generate is enough to sustain me and also fund some but of my education. The cost of buying 1kilogramme of green tea leaves from farmers is kshs 17 and the factory pay at least kshs 25 and at-most kshs 32 per ( Unilever tea company prices) and a yearly bonus of at-least kshs 12, therefor revenue per kilogram per month is at-least kshs 8, so with expansion of the business additional 8914 i will increase the kilos i purchase by 525 therefore additional profit of at-least kshs 4200 per month and bonus of kshs 5250 which will accumulate for that month but paid at the year end . Therefore this fund will boost me allot and change my life, and those of the people i will employee and not had to repay.
Loan Proposal
1. I intend to use ksh 500 to employe a worker to go round buying tea from farmers the cost per kilogram is ksh. 17 the company provide transportation to the company, they then buy this tea at a price of kshs 25 to 32 depending on prevailing market condition.
2. The remainder i will use to buy tea that is ksh 8414 equivalent to 93.5 dollars, the kilograms to be bought is 452 .
3. By this in my business am expecting to get a profit per kilogram of 0.11 dollars and per month is equivalent to 0.11 dollars*452 kilograms= 50.22 dollars.
with the cash I will be able to employee more with the projections ahead.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 21, 2015
Repayment status
Late
Projected term
17 months
Lenders
Shanghai, China
Orlando, Florida, United States
United Kingdom
Summary
Amount repaid
$107.62
Amount remaining
$5.28
Expected completion
Jun 26, 2016
Status
Repaying late
Installment amount
$1.12
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 1, 2015 | $5.18 | Jan 31, 2015 | $5.18 |
| Feb 8, 2015 | $5.18 | Feb 12, 2015 | $5.18 |
| Feb 15, 2015 | $5.18 | Feb 15, 2015 | $5.18 |
| Feb 22, 2015 | $5.18 | Feb 22, 2015 | $5.18 |
| Mar 1, 2015 | $5.18 | Feb 28, 2015 | $5.18 |
| Mar 8, 2015 | $5.18 | Mar 7, 2015 | $5.18 |
| Mar 15, 2015 | $5.18 | Mar 14, 2015 | $5.18 |
| Mar 22, 2015 | $5.18 | Mar 21, 2015 | $5.18 |
| Mar 29, 2015 | $0.00 | ||
| Apr 5, 2015 | $0.00 | ||
| Apr 12, 2015 | $0.00 | ||
| Apr 19, 2015 | $1.12 | Jun 18, 2015 | $1.12 |
| Apr 26, 2015 | $1.12 | Jun 18, 2015 | $1.12 |
| May 3, 2015 | $1.12 | Jun 18, 2015 | $1.12 |
| May 10, 2015 | $1.12 | Jun 18, 2015 | $1.12 |
| May 17, 2015 | $1.12 | Jun 18, 2015 | $1.12 |
| May 24, 2015 | $1.12 | Jul 13, 2015 | $1.12 |
| May 31, 2015 | $1.12 | Jul 13, 2015 | $1.12 |
| Jun 7, 2015 | $1.12 | Jul 20, 2015 | $1.12 |
| Jun 14, 2015 | $1.12 | Jul 20, 2015 | $1.12 |
| Jun 21, 2015 | $1.12 | Jul 20, 2015 | $1.12 |
| Jun 28, 2015 | $1.12 | Jul 20, 2015 | $1.12 |
| Jul 5, 2015 | $1.12 | Jul 20, 2015 | $1.12 |
| Jul 12, 2015 | $1.12 | Sep 8, 2015 | $1.12 |
| Jul 19, 2015 | $1.12 | Sep 8, 2015 | $1.12 |
| Jul 26, 2015 | $1.12 | Sep 8, 2015 | $1.12 |
| Aug 2, 2015 | $1.12 | Sep 8, 2015 | $1.12 |
| Aug 9, 2015 | $1.12 | Sep 8, 2015 | $1.12 |
| Aug 16, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Aug 23, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Aug 30, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Sep 6, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Sep 13, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Sep 20, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Sep 27, 2015 | $1.12 | Oct 5, 2015 | $1.12 |
| Oct 4, 2015 | $1.12 | Nov 17, 2015 | $1.12 |
| Oct 11, 2015 | $1.12 | Nov 17, 2015 | $1.12 |
| Oct 18, 2015 | $1.12 | Nov 30, 2015 | $1.12 |
| Oct 25, 2015 | $1.12 | Nov 30, 2015 | $1.12 |
| Nov 1, 2015 | $1.12 | Nov 30, 2015 | $1.12 |
| Nov 8, 2015 | $1.12 | Nov 30, 2015 | $1.12 |
| Nov 15, 2015 | $1.12 | Nov 30, 2015 | $1.12 |
| Nov 22, 2015 | $1.12 | Dec 14, 2015 | $1.12 |
| Nov 29, 2015 | $1.12 | Dec 14, 2015 | $1.12 |
| Dec 6, 2015 | $1.12 | Jan 18, 2016 | $1.12 |
| Dec 13, 2015 | $1.12 | Jan 18, 2016 | $0.22 |
| Jan 31, 2016 | $0.90 | ||
| Dec 20, 2015 | $1.12 | Jan 31, 2016 | $1.12 |
| Dec 27, 2015 | $1.12 | Jan 31, 2016 | $1.12 |
| Jan 3, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Jan 10, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Jan 17, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Jan 24, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Jan 31, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Feb 7, 2016 | $1.12 | Jan 31, 2016 | $1.12 |
| Feb 14, 2016 | $1.12 | Jan 31, 2016 | $0.79 |
| May 7, 2016 | $0.34 | ||
| Feb 21, 2016 | $1.12 | May 7, 2016 | $1.12 |
| Feb 28, 2016 | $1.12 | May 7, 2016 | $1.01 |
| May 28, 2016 | $0.11 | ||
| Mar 6, 2016 | $1.12 | May 28, 2016 | $1.12 |
| Mar 13, 2016 | $1.12 | May 28, 2016 | $1.12 |
| Mar 20, 2016 | $1.12 | May 28, 2016 | $1.12 |
| Mar 27, 2016 | $1.12 | May 28, 2016 | $1.12 |
| Apr 3, 2016 | $1.12 | May 28, 2016 | $1.01 |
| Jun 18, 2016 | $0.11 | ||
| Apr 10, 2016 | $1.12 | Jun 18, 2016 | $1.12 |
| Apr 17, 2016 | $1.12 | Jun 18, 2016 | $1.12 |
| Apr 24, 2016 | $1.12 | Jun 18, 2016 | $1.01 |
| Jul 3, 2016 | $0.11 | ||
| May 1, 2016 | $1.12 | Jul 3, 2016 | $1.12 |
| May 8, 2016 | $1.12 | Jul 3, 2016 | $1.12 |
| May 15, 2016 | $1.12 | Jul 3, 2016 | $1.12 |
| May 22, 2016 | $1.12 | Jul 3, 2016 | $1.12 |
| May 29, 2016 | $1.12 | Jul 3, 2016 | $1.01 |
| Jun 5, 2016 | $1.12 | ||
| Jun 12, 2016 | $1.12 | ||
| Jun 19, 2016 | $1.12 | ||
| Jun 26, 2016 | $1.80 | ||
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