Funds to enhance my timber business

Rebecca

Nakuru, Kenya

43% repaid

Entrepreneur

Name

Rebecca

Member since

January 2014

On-time repayments

88 installments  •  28%

About Me

i am Rebecca Gema from tanners estate in Nakuru town. after clearing my high school i was employed as a sales executive for a pharmaceutical company where i was paid on commission basis. i moved on and started a small venture of buying fully grown trees and then re-sawing. i sell timber, off cuts, firewood and sawdust to customers at the site and make a small profit. Given a loan from zidisha, I intend to be buying trees in large quantities and take my products to the markets where they will fetch higher returns.

My Business

My source of income is primarily buying fully grown trees at and then re-sawing them. I then sell the by-products which include timber, off-cuts, firewood and saw dust to customers at the site. There is a lot of demand for these products in nakuru town because of massive housing developments. Since I do not have much capital, I normally sell at the site to brokers who transport them to the market and get more returns. The risk my business faces is when there is a lot of rainfall and our products cannot access the markets and when the government through kenya forest service suspends tree harvesting to allow trees to mature. A fully grown tea at government controlled forests is sold at 10,000/=. It produces timber worth around 17,000/=, off cuts worth 2,000/= , firewood worth 1,000/= and sawdust worth 500/=. The labour cost me around 5,000/= (power saw and operators) . I make around 5,000/= on a good day. Given a loan from zidisha, I intend to buy more trees and make profit so that eventually I will be able to afford transporting my products to the market.

Loan Proposal

My source of income is primarily buying fully grown trees at and then re-sawing them. I then sell the by-products which include timber, off-cuts, firewood and saw dust to customers at the site. There is a lot of demand for these products in nakuru town because of massive housing developments. Since I do not have much capital, I normally sell at the site to brokers who transport them to the market and get more returns. The risk my business faces is when there is a lot of rainfall and our products cannot access the markets and when the government through kenya forest service suspends tree harvesting to allow trees to mature. A fully grown tea at government controlled forests is sold at 10,000/=. It produces timber worth around 17,000/=, off cuts worth 2,000/= , firewood worth 1,000/= and sawdust worth 500/=. The labour cost me around 5,000/= (power saw and operators) . I make around 5,000/= on a good day. Given a loan from zidisha, I intend to buy more trees and make profit so that eventually I will be able to afford transporting my products to the market.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$447.00

Date disbursed

May 29, 2014

Repayment status

Late

Projected term

17 months

Other loans

Lenders

P

Philippe

Adliswil, Switzerland

B

Bpryse

Long beach, United States

W

winfried

Seoul, Republic of Korea

JimVandegriff

Trinidad, California, United States

Falconet

Lisboa, Portugal

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

Richard Griebe

La Jolla, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

NA

NO ACCOUNT

Bluba, Germany

GiselleF

United Kingdom

Kamil

Lidzbark Warminski, Poland

larry

Sweden

C

cojoakerr

United Kingdom

Tobsoc

Hannover, Germany

A

AlphaAres

Azerbaijan

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Summary

Amount repaid

$228.68

Amount remaining

$307.89

Expected completion

Nov 20, 2015

Status

Repaying late

Installment amount

$5.88

Repayment History

Expected Payments Actual Payments
Jun 6, 2014 $19.85 Jun 7, 2014 $19.85
Jun 13, 2014 $19.85 Jun 7, 2014 $0.04
Jun 15, 2014 $19.81
Jun 20, 2014 $19.85 Jun 15, 2014 $0.07
Jun 24, 2014 $19.78
Jun 27, 2014 $19.85 Jun 24, 2014 $0.11
Jun 28, 2014 $19.74
Jul 4, 2014 $19.85 Jun 28, 2014 $0.02
Jul 8, 2014 $19.82
Jul 11, 2014 $0.04 Jul 8, 2014 $0.04
Jul 18, 2014 $0.00
Jul 25, 2014 $0.00
Aug 1, 2014 $11.76 Jul 8, 2014 $0.02
Aug 1, 2014 $11.74
Aug 8, 2014 $11.76 Aug 1, 2014 $0.02
Aug 9, 2014 $11.74
Aug 15, 2014 $11.76 Aug 9, 2014 $0.02
Aug 19, 2014 $11.74
Aug 22, 2014 $11.76 Aug 19, 2014 $0.02
Aug 23, 2014 $11.74
Aug 29, 2014 $11.76 Aug 23, 2014 $0.02
Sep 1, 2014 $11.74
Sep 5, 2014 $11.76 Sep 1, 2014 $0.02
Sep 9, 2014 $11.74
Sep 12, 2014 $11.76 Sep 9, 2014 $0.02
Sep 27, 2014 $11.74
Sep 19, 2014 $11.76 Sep 27, 2014 $11.76
Sep 26, 2014 $11.76 Sep 27, 2014 $0.02
Nov 10, 2014 $11.74
Oct 3, 2014 $11.76 Nov 10, 2014 $11.76
Oct 10, 2014 $11.76 Nov 10, 2014 $11.76
Oct 17, 2014 $0.00
Oct 24, 2014 $0.00
Oct 31, 2014 $0.00
Nov 7, 2014 $0.00
Nov 14, 2014 $0.00
Nov 21, 2014 $0.00
Nov 28, 2014 $5.88 Nov 10, 2014 $0.02
Dec 5, 2014 $5.88
Dec 12, 2014 $5.88
Dec 19, 2014 $5.88
Dec 26, 2014 $5.88
Jan 2, 2015 $5.88
Jan 9, 2015 $5.88
Jan 16, 2015 $5.88
Jan 23, 2015 $5.88
Jan 30, 2015 $5.88
Feb 6, 2015 $5.88
Feb 13, 2015 $5.88
Feb 20, 2015 $5.88
Feb 27, 2015 $5.88
Mar 6, 2015 $5.88
Mar 13, 2015 $5.88
Mar 20, 2015 $5.88
Mar 27, 2015 $5.88
Apr 3, 2015 $5.88
Apr 10, 2015 $5.88
Apr 17, 2015 $5.88
Apr 24, 2015 $5.88
May 1, 2015 $5.88
May 8, 2015 $5.88
May 15, 2015 $5.88
May 22, 2015 $5.88
May 29, 2015 $5.88
Jun 5, 2015 $5.88
Jun 12, 2015 $5.88
Jun 19, 2015 $5.88
Jun 26, 2015 $5.88
Jul 3, 2015 $5.88
Jul 10, 2015 $5.88
Jul 17, 2015 $5.88
Jul 24, 2015 $5.88
Jul 31, 2015 $5.88
Aug 7, 2015 $5.88
Aug 14, 2015 $5.88
Aug 21, 2015 $5.88
Aug 28, 2015 $5.88
Sep 4, 2015 $5.88
Sep 11, 2015 $5.88
Sep 18, 2015 $5.88
Sep 25, 2015 $5.88
Oct 2, 2015 $5.88
Oct 9, 2015 $5.88
Oct 16, 2015 $5.88
Oct 23, 2015 $5.88
Oct 30, 2015 $5.88
Nov 6, 2015 $5.88
Nov 13, 2015 $5.88
Nov 20, 2015 $7.89

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