Entrepreneur
Name
Mathew
Member since
June 2017
On-time repayments
58 installments • 41%
About Me
I am mathew rono. I am 35 years old. Hard working and honest man.I grew up in a poor family of five siblings. I attended public schools for primary and secondary education. Through hard work, I performed well in my studies and got admission to university under government sponsorship. After graduating i got employed as a bank clerk where am still employed up to now. I have started venturing into poultry, vegetables and goats farming to have an alternative income. the venture is about one and half year old now.I live just next to the city therefore there is a big business opportunity in terms of available market for my products. The biggest setback is lack of conventional collateral for securing bank loans. i love watching football, listening to music and updating myself on current affairs during my free time.
My Business
I am in full time employment. I work as a bank clerk and the terms of the job is permanent and pensionable with net salary of kes 30,000 per month. I have also ventured in farming where i grow vegetables for sale and keep poultry and goats. the crops are grown in sacks and small containers because of the small piece of land that i am living in. There is ready market for the crops because i stay next to Nairobi city which has a big population and also i sell to nearby hotels. zidisha has been helping me for the last few months and by now i have a water tank for water harvesting for irrigation. my main costs include fertiliser,labour, pesticides and animal feeds and the revenue i get is about kes 15,000 per week from which i spent kes 5,000 on the costs incured on the farm. i spent the rest on household expenses and savings .
Loan Proposal
i am requesting for a loan of kes 43,000 to enable me purchase irrigation kit for my vegetable farm. the irrigation kit is for drip irrigarion and it goes for usd 594. i will be able to contribute usd 163 and i am requesting a loan of usd 431. the irrigation system will enable me save time and water for irrigation because the system is efficient and is not labor intensive. i am expecting to increase my profit by about 20% because i will cut on labor and productivity will also incerase and also cost of water will reduce.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$423.00
Date disbursed
Jul 31, 2018
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
United States
Summary
Amount repaid
$423.73
Amount remaining
$0.00
Date repaid
Jul 8, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 12, 2018 | $47.30 | Aug 26, 2018 | $47.30 |
| Aug 19, 2018 | $0.00 | ||
| Aug 26, 2018 | $0.00 | ||
| Sep 2, 2018 | $0.00 | ||
| Sep 9, 2018 | $0.00 | ||
| Sep 16, 2018 | $0.00 | ||
| Sep 23, 2018 | $0.00 | ||
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $2.96 | Oct 31, 2018 | $2.96 |
| Oct 21, 2018 | $2.96 | Oct 31, 2018 | $2.96 |
| Oct 28, 2018 | $2.96 | Jan 6, 2019 | $2.96 |
| Nov 4, 2018 | $0.00 | ||
| Nov 11, 2018 | $0.00 | ||
| Nov 18, 2018 | $0.00 | ||
| Nov 25, 2018 | $0.00 | ||
| Dec 2, 2018 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.00 | ||
| Dec 23, 2018 | $0.00 | ||
| Dec 30, 2018 | $0.00 | ||
| Jan 6, 2019 | $2.96 | Jul 3, 2019 | $2.96 |
| Jan 13, 2019 | $2.96 | Jul 3, 2019 | $2.96 |
| Jan 20, 2019 | $2.96 | Jul 3, 2019 | $2.96 |
| Jan 27, 2019 | $2.96 | Jul 3, 2019 | $2.96 |
| Feb 3, 2019 | $2.96 | Jul 3, 2019 | $2.96 |
| Feb 10, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Feb 17, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Feb 24, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Mar 3, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Mar 10, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Mar 17, 2019 | $47.30 | Jul 3, 2019 | $47.30 |
| Mar 24, 2019 | $47.30 | Jul 3, 2019 | $31.40 |
| Jul 8, 2019 | $15.90 | ||
| Mar 31, 2019 | $21.68 | Jul 8, 2019 | $21.68 |
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