Complete lease, buy materials for expansion into maize planting

Damson Barasa

Mumias, Kenya

100% repaid

Entrepreneur

Name

Damson Barasa

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.65

Date disbursed

Mar 30, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.39

Lenders

investor

Candiac, Canada

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

BJ

Brandon Joz

North Carolina, United States

R

rmacaw

Australia

ads68

Melbourne, Australia

8

8chrono8

London, United Kingdom

W

wally

Torino, Italy

Zal0m0n

Atlantis!!!! x), Mauritania

Inspire

Calgary, Canada

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

D

duncanb

United Kingdom

K

Kber9156

North Parramatta, Australia

mepster

San Francisco, Ca, United States

M

Microfinance

United States

S

sarahb

United States

utdream

United States

M

M.Umar

Pakistan

KM

Kirsty M

United Kingdom

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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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