Farm expansion

Midred Odhiambo

Alupe, Kenya

100% repaid

Entrepreneur

Name

Midred Odhiambo

Member since

January 2015

On-time repayments

245 installments  •  7%

About Me

My name is Mildred Odhiambo, I was born in Busia county to late Mr.Odhiambo and Late Rose. I was the third born in a family of 6. I went to Angorom primary school and later joined our lady of mercy Busia girls,as fate may have it my parents passed on while I was in my third year of study. I struggled with help from extended family members and finished my secondary school.
After secondary school, i went for computer packages cause, I worked as a cyber attendant briefly ,after saving enough money,I went to the farm and that is how my 1 acre kale's farm started. It has not been easy but i give it my best knowing that my siblings depend on me for fees.
I like dancing ,singing and reading novels. I also keep pets cat (rozie) and dog ,I like them so much.

My Business

My business is commercial agriculture and involves growing kales,which are very marketable in my area. I got a tender to supply my former secondary school and it forms the base of clientele.
I choose this business because it did not require huge start up capital and also because the demand for this goods was very high in my area hence the need to fill the gap.
I spend $100 in a month,my monthly revenue average is $250 . My profits in a month is $150. I use my profits mainly for supporting my siblings through fees and other basic needs.

Loan Proposal

Hello ladies and gentlemen,I am new here,I am requesting for a loan to till a quarter more acre for planting kale's. This is due to increased demand for the vegetables. I will utilize the $100 by hiring labor to clear bushes and tilling . This will be part of my expansion program and will increase my revenues by 50%.Thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 26, 2015

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $100.16 at 4.20% annual rate over 1 month = $0.64

Service fee: $0.56

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Summary

Amount repaid

$101.73

Amount remaining

$0.00

Date repaid

Mar 22, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 8, 2015 $16.89 Feb 7, 2015 $16.89
Feb 15, 2015 $16.89 Feb 7, 2015 $0.30
Feb 14, 2015 $16.58
Feb 22, 2015 $0.04 Feb 14, 2015 $0.04
Mar 1, 2015 $16.85 Mar 1, 2015 $16.85
Mar 8, 2015 $16.85 Mar 8, 2015 $16.85
Mar 15, 2015 $16.85 Mar 8, 2015 $0.38
Mar 15, 2015 $16.47
Mar 22, 2015 $17.35 Mar 15, 2015 $0.49
Mar 22, 2015 $16.85

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