Complete lease, buy materials for expansion into maize planting
Damson
Mumias, Kenya
100% repaid
Entrepreneur
Name
Damson
Member since
January 2015
On-time repayments
26 installments • 46%
About Me
My name is Damson Barasa. I was born to Mr. John Barasa and the late Sarah Baraza,who I never got a chance to see,I am told she passed on while giving birth to me,may she rest in piece. I am the last born in a family of 6. I schooled upto O-level at Mundika Boys secondary school.
I started keeping rabbits while in secondary school to cater for my expenses,because my parents dad could not afford my school fees. I kept rabbits in small scale and could sell them to buy books and pens incase dad had no money . After secondary school ,a friend lend me $30 that i used to build a bigger house and expand my business. The business has slowly expanded and i currently have 34 rabbits though my aim is 300 rabbits.
I come from luhya community,our culture include traditional dancing and singing.
I am a soccer player and during my free time i join my friends to play.I also dedicate some time to visit those with various problems orphans,sick and old just to talk and motivate them.
My Business
I am a rabbit keeper,currently I have 34 rabbits. I generate revenues through sell of rabbits ,manure and urine.
Most rabbits waste provide very good manure and I use it in my small vegetable farm and also sell to organic farmers . The rabbit meat is preferred by most people who dont like red meat and the demand has steadily risen over the years.
I choose this business because i had experience in rabbit keeping and had ready market for the them.
I spend 50 dollers on average and get 200 dollers in a good month from the sales. I use my profits to pay fees for niece,save to reinvest and support our family general upkeep.
Loan Proposal
Honorable lenders
I hope you are doing well,I am so glad to present to you my second loan request, I am a rabbit farmer from Mumias Kenya.Rabbit farming is really doing well and I would now like to venture into maize farming as it is really profitable this sides.
I sold rabbits last week and got $550 ,I used the money to pay for lease of 2 acres of land at $350 for two years ( paid deposit of $300) . I used the balance $35o for land preparation.
Planting season is around the corner and I am requesting for $195 loan to clear up the balance of lease $50 and buy fertilizer and seeds @$150. I would really appreciate your kind and quick support so that I am able to plant on time. Thank you and nice time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$195.00
Date disbursed
Mar 30, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
North Carolina, United States
United States
Costa Rica
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Summary
Amount repaid
$205.43
Amount remaining
$0.00
Date repaid
May 16, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 12, 2015 | $34.23 | Apr 12, 2015 | $34.23 |
| Apr 19, 2015 | $34.23 | Apr 20, 2015 | $34.23 |
| Apr 26, 2015 | $34.23 | Apr 20, 2015 | $0.82 |
| May 2, 2015 | $33.41 | ||
| May 3, 2015 | $34.23 | May 2, 2015 | $16.04 |
| May 3, 2015 | $17.51 | ||
| May 11, 2015 | $0.68 | ||
| May 10, 2015 | $34.23 | May 11, 2015 | $34.04 |
| May 14, 2015 | $0.19 | ||
| May 17, 2015 | $34.27 | May 14, 2015 | $0.03 |
| May 16, 2015 | $34.24 | ||
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