Peter
Nairobi, Kenya
100% repaid
Name
Peter
Member since
July 2014
On-time repayments
325 installments • 48%
I am a 5th year engineering student at Technical University of Kenya from the Maasai community in Kenya, I undertake a business of rearing beef cattle and sheep on a small scale. The reason I started the business is to tap in the vast knowledge that I have in cattle rearing since my people are indigenous cattle keepers hence has been doing it since I was young. My late father and grandfather also taught me how to undertake it. I have managed to change the traditional animal rearing by my grandparents and parents which was only for prestige and source of food to a business venture.
In addition to my cattle and sheep rearing business, mentioned above and which i used my earlier Zidisha loan to improve, i intend to begin an M-PESA shop (Safaricom mobile phone money transfer shop) to diversify my investment.
The shop will be located at landmawe area in Nairobi, near where I live currently. The capital required is KES 100,000 equivalent of 1176.47 USD. I intend to raise KES 28,850 from zidisha, KES 40,000 from selling some assets (sheep and cattle) and the the remaining KES 31,150 from friends and family.
I will use the above amount to pay rent, 1 staff and buy float (the money used for transfer). If successful, the business will raise between KES 20,000 and KES 30,000 per month. I intend to use the profit to reinvest in the sheep and cattle business.
I will use my loan to buy four sheep and a cost of 30 dollars each and purchase mineral salt and vitamin supplement for my cattle and sheep which will cost 5 and 10 dollars respectively. This will increase both the quantity and quality of my animals and hence increase my profits. The proceeds from my business will go into paying my accommodation fee in college and supplement my mother's income.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 25, 2014
Repayment status
On Time
Projected term
6 months
Other loans
Amount repaid
$160.51
Amount remaining
$0.00
Date repaid
Mar 21, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 6, 2014 | $5.53 | Sep 6, 2014 | $5.53 |
Sep 13, 2014 | $5.53 | Sep 12, 2014 | $5.53 |
Sep 20, 2014 | $5.53 | Sep 20, 2014 | $5.53 |
Sep 27, 2014 | $5.53 | Sep 27, 2014 | $5.53 |
Oct 4, 2014 | $5.53 | Oct 4, 2014 | $5.53 |
Oct 11, 2014 | $5.53 | Oct 4, 2014 | $0.05 |
Oct 7, 2014 | $5.49 | ||
Oct 18, 2014 | $5.53 | Oct 7, 2014 | $0.07 |
Oct 15, 2014 | $5.47 | ||
Oct 25, 2014 | $5.53 | Oct 15, 2014 | $0.09 |
Oct 25, 2014 | $5.44 | ||
Nov 1, 2014 | $5.53 | Oct 25, 2014 | $0.08 |
Nov 1, 2014 | $5.45 | ||
Nov 8, 2014 | $5.53 | Nov 1, 2014 | $0.13 |
Nov 8, 2014 | $5.41 | ||
Nov 15, 2014 | $5.53 | Nov 8, 2014 | $0.02 |
Nov 16, 2014 | $5.51 | ||
Nov 22, 2014 | $5.53 | Nov 16, 2014 | $0.03 |
Nov 22, 2014 | $5.50 | ||
Nov 29, 2014 | $5.53 | Nov 22, 2014 | $0.05 |
Dec 1, 2014 | $5.49 | ||
Dec 6, 2014 | $5.53 | Dec 1, 2014 | $0.06 |
Dec 7, 2014 | $5.48 | ||
Dec 13, 2014 | $5.53 | Dec 7, 2014 | $0.05 |
Dec 20, 2014 | $5.49 | ||
Dec 20, 2014 | $5.53 | Dec 20, 2014 | $5.53 |
Dec 27, 2014 | $5.53 | Dec 20, 2014 | $0.08 |
Dec 27, 2014 | $5.45 | ||
Jan 3, 2015 | $5.53 | Dec 27, 2014 | $0.02 |
Jan 3, 2015 | $5.51 | ||
Jan 10, 2015 | $5.53 | Jan 3, 2015 | $0.05 |
Jan 10, 2015 | $5.49 | ||
Jan 17, 2015 | $5.53 | Jan 10, 2015 | $0.09 |
Jan 17, 2015 | $5.44 | ||
Jan 24, 2015 | $5.53 | Jan 17, 2015 | $0.03 |
Jan 24, 2015 | $5.50 | ||
Jan 31, 2015 | $5.53 | Jan 24, 2015 | $0.03 |
Jan 31, 2015 | $5.50 | ||
Feb 7, 2015 | $5.53 | Jan 31, 2015 | $0.03 |
Feb 4, 2015 | $2.07 | ||
Feb 10, 2015 | $3.43 | ||
Feb 14, 2015 | $5.53 | Feb 10, 2015 | $0.03 |
Feb 14, 2015 | $5.50 | ||
Feb 21, 2015 | $5.53 | Feb 14, 2015 | $0.31 |
Feb 21, 2015 | $5.22 | ||
Feb 28, 2015 | $5.53 | Feb 21, 2015 | $0.05 |
Mar 4, 2015 | $5.49 | ||
Mar 7, 2015 | $5.53 | Mar 4, 2015 | $0.05 |
Mar 9, 2015 | $5.49 | ||
Mar 14, 2015 | $5.53 | Mar 9, 2015 | $0.05 |
Mar 19, 2015 | $5.49 | ||
Mar 21, 2015 | $5.53 | Mar 19, 2015 | $0.05 |
Mar 21, 2015 | $5.49 |
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