Entrepreneur
Name
Joel
Member since
May 2014
On-time repayments
239 installments • 27%
About Me
I am the second son in a family of 6 siblings and our home is located at Makuyu. I have completed my undergraduate degree with a lot of challenges. It has always been my aspirations to become a pioneer among local youths of my area, who have been ruined by alcohol. I have been a Mentor leader of a youth group called "Valley land" which I was a founder members with an aim of grooming youths minds to become entrepreneurs and eradicate poverty among them, which is the biggest reason why youths are involving themselves in to drugs and drugs abuse.
Secondly, currently it has become a challenge for students to secure employment after studies and the only good option for such student to remain industrious is to engage into business which is giving them opportunity to become independent and self reliant people.
I am happy since my first , second and third loans were successful and I have also managed to repay them without any problem. I hope to secure another loan package to assist me to heavily venture in the business I have indicated below on My Business part. I will be grateful to repay the loan after my investment which is carefully managed for better results. My assurance to my lender is to remain committed in repaying my loan to the latter, I will never let you down, because currently I have a regular income which can allow me commit at least 2000 KES every week that translate to 8000 KES every Month.
Thank you in advance.
My Business
Dear lenders I would like to most sincerely thank you for your continuous support you have been giving me through periodic funding. I would like to assure you that I will never let you down because were it not for you I don’t know where I could be.
Secondly I would like you to know this time round am planning to employ innovation in my proposed project am planning to undertake. It will involve farming of RED ONIONS. The purpose of choosing this kind of projects is because its one of the most potential in the current market.
This is how am planning to use my master plan on this project:
1. Preparing of an Acre of land i.e tilling and harrowing: 20,000 KES
2. Purchasing of Jamba F1 Onion seed 1kg: 20,000 KES
3. Purchasing of chemicals, fertilizer and herbicides 50,000 K ES
4. planting of seedlings from seedbeds to the field 30 laborers @ 1000 =30,000 KES
5. Irrigation: 10,000 KES
6. Marketing and Contingency 20,000KES
The proposed master plan will require me at least 150, 000 KES.
The expected return:
The current market for a kilo of red onion bulb is going at 50 KES and the expectation for this commodity is even higher, last season the price rose up to 100 KES per KG.
One Acre of land under proper management can yield at least 7 to 10 tonnes of red Onion bulbs.
If I assume that this project will go well as planned and yield 8 tonnes, this translate to: 8000 kg by 50 KES = 400,000 K ES, if you subtract initial cost of production of 150,000 KES, you will find there is 250,000 KES on return in a period of 6 Months of project life.
In conclusion, the project is worth undertaking it.
Thank you in advance
Loan Proposal
Dear lenders:
This is how my project plan is depicted:
1. Preparing of an Acre of land i.e tilling and harrowing: 20,000 KES
2. Purchasing of Jamba F1 Onion seed 1kg: 20,000 KES
3. Purchasing of chemicals, fertilizer and herbicides 50,000 K ES
4. planting of seedlings from seedbeds to the field 30 laborers @ 1000 =30,000 KES
5. Irrigation: 10,000 KES
6. Marketing and Contingency 20,000KES
The proposed master plan will require me at least 150, 000 KES.
The expected return:
The current market for a kilo of red onion bulb is going at 50 KES and the expectation for this commodity is even higher, last season the price rose up to 100 KES per KG.
One Acre of land under proper management can yield at least 7 to 10 tonnes of red Onion bulbs.
If I assume that this project will go well as planned and yield 8 tonnes, this translate to: 8000 kg by 50 KES = 400,000 K ES, if you subtract initial cost of production of 150,000 KES, you will find there is 250,000 KES on return in a period of 6 Months of project life.
In conclusion, the project is worth undertaking it.
Thank you in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,120.00
Date disbursed
May 21, 2016
Repayment status
Late
Projected term
65 months
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Summary
Amount repaid
$199.92
Amount remaining
$976.08
Expected completion
Aug 3, 2019
Status
Repaying late
Installment amount
$2.03
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 28, 2016 | $20.30 | Jun 2, 2016 | $20.30 |
| Jun 4, 2016 | $8.12 | Jun 6, 2016 | $8.12 |
| Jun 11, 2016 | $8.12 | Jun 13, 2016 | $8.12 |
| Jun 18, 2016 | $8.12 | Jun 19, 2016 | $8.12 |
| Jun 25, 2016 | $5.07 | Jun 26, 2016 | $5.07 |
| Jul 2, 2016 | $5.07 | Jul 5, 2016 | $5.07 |
| Jul 9, 2016 | $5.07 | Jul 19, 2016 | $5.07 |
| Jul 16, 2016 | $5.07 | Jul 19, 2016 | $5.07 |
| Jul 23, 2016 | $5.07 | Jul 25, 2016 | $5.07 |
| Jul 30, 2016 | $5.07 | Jul 31, 2016 | $5.07 |
| Aug 6, 2016 | $5.07 | Aug 27, 2016 | $5.07 |
| Aug 13, 2016 | $5.07 | Aug 27, 2016 | $5.07 |
| Aug 20, 2016 | $0.00 | ||
| Aug 27, 2016 | $0.00 | ||
| Sep 3, 2016 | $0.00 | ||
| Sep 10, 2016 | $0.00 | ||
| Sep 17, 2016 | $0.00 | ||
| Sep 24, 2016 | $0.00 | ||
| Oct 1, 2016 | $0.00 | ||
| Oct 8, 2016 | $0.00 | ||
| Oct 15, 2016 | $0.00 | ||
| Oct 22, 2016 | $2.03 | Oct 25, 2016 | $2.03 |
| Oct 29, 2016 | $2.03 | Oct 30, 2016 | $2.03 |
| Nov 5, 2016 | $2.03 | Nov 7, 2016 | $2.03 |
| Nov 12, 2016 | $2.03 | Nov 12, 2016 | $2.03 |
| Nov 19, 2016 | $2.03 | Dec 25, 2016 | $2.03 |
| Nov 26, 2016 | $2.03 | Dec 25, 2016 | $2.03 |
| Dec 3, 2016 | $2.03 | Jan 8, 2017 | $2.03 |
| Dec 10, 2016 | $2.03 | Jan 8, 2017 | $2.03 |
| Dec 17, 2016 | $2.03 | Jan 8, 2017 | $2.03 |
| Dec 24, 2016 | $2.03 | Feb 4, 2017 | $2.03 |
| Dec 31, 2016 | $2.03 | Feb 4, 2017 | $2.03 |
| Jan 7, 2017 | $2.03 | Feb 4, 2017 | $2.03 |
| Jan 14, 2017 | $2.03 | Feb 4, 2017 | $2.03 |
| Jan 21, 2017 | $2.03 | Feb 19, 2017 | $2.03 |
| Jan 28, 2017 | $2.03 | Feb 19, 2017 | $2.03 |
| Feb 4, 2017 | $2.03 | Mar 19, 2017 | $2.03 |
| Feb 11, 2017 | $2.03 | Mar 19, 2017 | $1.01 |
| Mar 26, 2017 | $1.01 | ||
| Feb 18, 2017 | $2.03 | Mar 26, 2017 | $2.03 |
| Feb 25, 2017 | $2.03 | Mar 26, 2017 | $2.03 |
| Mar 4, 2017 | $2.03 | Mar 26, 2017 | $2.03 |
| Mar 11, 2017 | $2.03 | Mar 26, 2017 | $2.03 |
| Mar 18, 2017 | $2.03 | Mar 26, 2017 | $1.01 |
| Apr 22, 2017 | $1.01 | ||
| Mar 25, 2017 | $2.03 | Apr 22, 2017 | $2.03 |
| Apr 1, 2017 | $2.03 | Apr 22, 2017 | $2.03 |
| Apr 8, 2017 | $2.03 | Apr 22, 2017 | $2.03 |
| Apr 15, 2017 | $2.03 | Apr 22, 2017 | $2.03 |
| Apr 22, 2017 | $2.03 | Apr 22, 2017 | $1.01 |
| Apr 30, 2017 | $1.01 | ||
| Apr 29, 2017 | $2.03 | Apr 30, 2017 | $2.03 |
| May 6, 2017 | $2.03 | Jun 4, 2017 | $2.03 |
| May 13, 2017 | $2.03 | Jun 4, 2017 | $2.03 |
| May 20, 2017 | $2.03 | Jun 4, 2017 | $2.03 |
| May 27, 2017 | $2.03 | Jun 4, 2017 | $2.03 |
| Jun 3, 2017 | $2.03 | Jun 4, 2017 | $2.03 |
| Jun 10, 2017 | $2.03 | Dec 16, 2018 | $2.03 |
| Jun 17, 2017 | $2.03 | Dec 20, 2018 | $2.03 |
| Jun 24, 2017 | $2.03 | Jan 8, 2019 | $2.03 |
| Jul 1, 2017 | $2.03 | Jan 10, 2019 | $2.03 |
| Jul 8, 2017 | $2.03 | Jan 19, 2019 | $2.03 |
| Jul 15, 2017 | $2.03 | Jan 19, 2019 | $2.03 |
| Jul 22, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Jul 29, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Aug 5, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Aug 12, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Aug 19, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Aug 26, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Sep 2, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Sep 9, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Sep 16, 2017 | $2.03 | Mar 6, 2019 | $2.03 |
| Sep 23, 2017 | $2.03 | Mar 20, 2019 | $2.03 |
| Sep 30, 2017 | $2.03 | Mar 20, 2019 | $2.03 |
| Oct 7, 2017 | $2.03 | Mar 20, 2019 | $1.01 |
| Mar 28, 2019 | $1.01 | ||
| Oct 14, 2017 | $2.03 | Mar 28, 2019 | $2.03 |
| Oct 21, 2017 | $2.03 | Mar 28, 2019 | $2.03 |
| Oct 28, 2017 | $2.03 | Mar 28, 2019 | $2.03 |
| Nov 4, 2017 | $2.03 | Mar 28, 2019 | $2.03 |
| Nov 11, 2017 | $2.03 | Mar 28, 2019 | $2.03 |
| Nov 18, 2017 | $2.03 | Mar 28, 2019 | $1.01 |
| Nov 25, 2017 | $2.03 | ||
| Dec 2, 2017 | $2.03 | ||
| Dec 9, 2017 | $2.03 | ||
| Dec 16, 2017 | $2.03 | ||
| Dec 23, 2017 | $2.03 | ||
| Dec 30, 2017 | $2.03 | ||
| Jan 6, 2018 | $2.03 | ||
| Jan 13, 2018 | $2.03 | ||
| Jan 20, 2018 | $2.03 | ||
| Jan 27, 2018 | $2.03 | ||
| Feb 3, 2018 | $2.03 | ||
| Feb 10, 2018 | $2.03 | ||
| Feb 17, 2018 | $2.03 | ||
| Feb 24, 2018 | $2.03 | ||
| Mar 3, 2018 | $2.03 | ||
| Mar 10, 2018 | $2.03 | ||
| Mar 17, 2018 | $2.03 | ||
| Mar 24, 2018 | $2.03 | ||
| Mar 31, 2018 | $2.03 | ||
| Apr 7, 2018 | $2.03 | ||
| Apr 14, 2018 | $2.03 | ||
| Apr 21, 2018 | $2.03 | ||
| Apr 28, 2018 | $2.03 | ||
| May 5, 2018 | $2.03 | ||
| May 12, 2018 | $2.03 | ||
| May 19, 2018 | $2.03 | ||
| May 26, 2018 | $2.03 | ||
| Jun 2, 2018 | $2.03 | ||
| Jun 9, 2018 | $2.03 | ||
| Jun 16, 2018 | $2.03 | ||
| Jun 23, 2018 | $2.03 | ||
| Jun 30, 2018 | $2.03 | ||
| Jul 7, 2018 | $2.03 | ||
| Jul 14, 2018 | $2.03 | ||
| Jul 21, 2018 | $2.03 | ||
| Jul 28, 2018 | $2.03 | ||
| Aug 4, 2018 | $2.03 | ||
| Aug 11, 2018 | $2.03 | ||
| Aug 18, 2018 | $2.03 | ||
| Aug 25, 2018 | $2.03 | ||
| Sep 1, 2018 | $2.03 | ||
| Sep 8, 2018 | $2.03 | ||
| Sep 15, 2018 | $2.03 | ||
| Sep 22, 2018 | $2.03 | ||
| Sep 29, 2018 | $2.03 | ||
| Oct 6, 2018 | $2.03 | ||
| Oct 13, 2018 | $2.03 | ||
| Oct 20, 2018 | $2.03 | ||
| Oct 27, 2018 | $2.03 | ||
| Nov 3, 2018 | $2.03 | ||
| Nov 10, 2018 | $2.03 | ||
| Nov 17, 2018 | $2.03 | ||
| Nov 24, 2018 | $2.03 | ||
| Dec 1, 2018 | $2.03 | ||
| Dec 8, 2018 | $2.03 | ||
| Dec 15, 2018 | $2.03 | ||
| Dec 22, 2018 | $2.03 | ||
| Dec 29, 2018 | $2.03 | ||
| Jan 5, 2019 | $2.03 | ||
| Jan 12, 2019 | $2.03 | ||
| Jan 19, 2019 | $2.03 | ||
| Jan 26, 2019 | $2.03 | ||
| Feb 2, 2019 | $2.03 | ||
| Feb 9, 2019 | $2.03 | ||
| Feb 16, 2019 | $2.03 | ||
| Feb 23, 2019 | $2.03 | ||
| Mar 2, 2019 | $2.03 | ||
| Mar 9, 2019 | $2.03 | ||
| Mar 16, 2019 | $2.03 | ||
| Mar 23, 2019 | $2.03 | ||
| Mar 30, 2019 | $45.24 | ||
| Apr 6, 2019 | $45.24 | ||
| Apr 13, 2019 | $45.24 | ||
| Apr 20, 2019 | $45.24 | ||
| Apr 27, 2019 | $45.24 | ||
| May 4, 2019 | $45.24 | ||
| May 11, 2019 | $45.24 | ||
| May 18, 2019 | $45.24 | ||
| May 25, 2019 | $45.24 | ||
| Jun 1, 2019 | $45.24 | ||
| Jun 8, 2019 | $45.24 | ||
| Jun 15, 2019 | $45.24 | ||
| Jun 22, 2019 | $45.24 | ||
| Jun 29, 2019 | $45.24 | ||
| Jul 6, 2019 | $45.24 | ||
| Jul 13, 2019 | $45.24 | ||
| Jul 20, 2019 | $45.24 | ||
| Jul 27, 2019 | $45.24 | ||
| Aug 3, 2019 | $18.65 | ||
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