Entrepreneur
Name
Chelangat
Member since
January 2014
On-time repayments
174 installments • 84%
About Me
I am a lawyer by profession and practise law, i am also a starter farmer and i am interested in furthering my farming. I am the first born in a family of 7 children and come from Kericho County. I started a business since i was not satisfied with employment and i needed to earn more that my salary and also realize my potential. From my earnings, i invest in a little farming. I have currently bought a dairy cow that i intend to start my dairy farming with. I live in nairobi but my farm is in kericho and i have to travel to kericho often to check on things at the farm.
My Business
I have been involved in chicken farming, growing of sweet potatoes as well. At the moment, my chicken have reduced in number and production has been low. The source of income from chicken has been dwindling due to reducing stock and the price of eggs has not been favourable. Cost of production has been quite high. I would like to use the loan to continue my vegetable business. I have leased 10 acres of land in Narok where i have already planted vegetables in the nursery and will be transplanting them soon. The availability of water is the main issue as it is a semi arid area. We are relying on irrigation and we have to pump water from the rivrer to the farm which is about 1.2kms away from the farm. This make production costs slightly higher than in other areas where there is sufficient rain.
Vegetables are always in high demand as it is a staple food in Kenya. My typical costs are on seeds, fuel for the pump, food for the workers, fertilizer, pesticides and accommodation for the workers. The revenue is about 30 to 50 ksh per kilo of vegetables.
I will use the income from the vegetables to pay school fees for my son and also expand the farming to chili farming where there is better prices than vegetable farming.
This loan will help me to buy fertilizer to use for transplanting the vegetable as there is need to hire extra people to transplant 10 acres of vegetables. I currently have 3 workers in the farm who are permanent.
Loan Proposal
I would like to venture into sweet potatoes as recently there has been a growing market for Kenyan sweet potatoes in the UK. Venturing in sweet potatoes, especially organic sweet potatoes will bring additional income to myself and my family.
I intend to use the loan to buy sweet potato vines and also to pay for ploughing the land and for the labourers. In partnership with my mother, we have been able to lease a piece of land and since this is planting season, this is the right time to apply the proceeds from the loan.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$443.00
Date disbursed
Jan 27, 2016
Repayment status
On Time
Projected term
18 months
Other loans
Lenders
Chicago, United States
Seattle, Washington, United States
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Summary
Amount repaid
$466.34
Amount remaining
$0.00
Date repaid
May 7, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 5, 2016 | $10.00 | Feb 7, 2016 | $10.00 |
| Feb 12, 2016 | $10.00 | Feb 13, 2016 | $10.00 |
| Feb 19, 2016 | $10.00 | Feb 17, 2016 | $10.00 |
| Feb 26, 2016 | $10.00 | Feb 25, 2016 | $10.00 |
| Mar 4, 2016 | $10.00 | Mar 19, 2016 | $10.00 |
| Mar 11, 2016 | $10.00 | Mar 23, 2016 | $10.00 |
| Mar 18, 2016 | $10.00 | Mar 24, 2016 | $10.00 |
| Mar 25, 2016 | $10.00 | Mar 31, 2016 | $10.00 |
| Apr 1, 2016 | $10.00 | Mar 31, 2016 | $5.00 |
| Apr 6, 2016 | $5.00 | ||
| Apr 8, 2016 | $10.00 | Apr 6, 2016 | $10.00 |
| Apr 15, 2016 | $10.00 | Apr 9, 2016 | $10.00 |
| Apr 22, 2016 | $10.00 | Apr 24, 2016 | $10.00 |
| Apr 29, 2016 | $10.00 | May 6, 2016 | $10.00 |
| May 6, 2016 | $10.00 | May 6, 2016 | $10.00 |
| May 13, 2016 | $10.00 | May 12, 2016 | $10.00 |
| May 20, 2016 | $10.00 | May 12, 2016 | $10.00 |
| May 27, 2016 | $10.00 | Jun 17, 2016 | $10.00 |
| Jun 3, 2016 | $10.00 | Jun 24, 2016 | $10.00 |
| Jun 10, 2016 | $10.00 | Jun 24, 2016 | $5.00 |
| Jul 15, 2016 | $5.00 | ||
| Jun 17, 2016 | $5.00 | Jul 15, 2016 | $5.00 |
| Jun 24, 2016 | $0.00 | ||
| Jul 1, 2016 | $0.00 | ||
| Jul 8, 2016 | $0.00 | ||
| Jul 15, 2016 | $0.00 | ||
| Jul 22, 2016 | $0.00 | ||
| Jul 29, 2016 | $5.00 | Jul 23, 2016 | $5.00 |
| Aug 5, 2016 | $5.00 | Jul 23, 2016 | $5.00 |
| Aug 12, 2016 | $5.00 | Jul 23, 2016 | $5.00 |
| Aug 19, 2016 | $5.00 | Aug 19, 2016 | $5.00 |
| Aug 26, 2016 | $5.00 | Sep 2, 2016 | $5.00 |
| Sep 2, 2016 | $5.00 | Sep 2, 2016 | $5.00 |
| Sep 9, 2016 | $5.00 | Sep 27, 2016 | $5.00 |
| Sep 16, 2016 | $5.00 | Sep 27, 2016 | $5.00 |
| Sep 23, 2016 | $5.00 | Oct 4, 2016 | $5.00 |
| Sep 30, 2016 | $5.00 | Oct 4, 2016 | $5.00 |
| Oct 7, 2016 | $5.00 | Oct 27, 2016 | $5.00 |
| Oct 14, 2016 | $5.00 | Oct 27, 2016 | $5.00 |
| Oct 21, 2016 | $5.00 | Nov 8, 2016 | $5.00 |
| Oct 28, 2016 | $5.00 | Nov 8, 2016 | $5.00 |
| Nov 4, 2016 | $5.00 | Nov 10, 2016 | $5.00 |
| Nov 11, 2016 | $5.00 | Nov 10, 2016 | $5.00 |
| Nov 18, 2016 | $5.00 | Nov 23, 2016 | $5.00 |
| Nov 25, 2016 | $5.00 | Nov 23, 2016 | $5.00 |
| Dec 2, 2016 | $5.00 | Nov 29, 2016 | $5.00 |
| Dec 9, 2016 | $5.00 | Nov 29, 2016 | $5.00 |
| Dec 16, 2016 | $5.00 | Dec 22, 2016 | $5.00 |
| Dec 23, 2016 | $5.00 | Dec 22, 2016 | $5.00 |
| Dec 30, 2016 | $5.00 | Dec 31, 2016 | $5.00 |
| Jan 6, 2017 | $5.00 | Dec 31, 2016 | $5.00 |
| Jan 13, 2017 | $5.00 | Jan 11, 2017 | $5.00 |
| Jan 20, 2017 | $5.00 | Jan 11, 2017 | $5.00 |
| Jan 27, 2017 | $5.00 | Feb 14, 2017 | $5.00 |
| Feb 3, 2017 | $5.00 | Feb 14, 2017 | $2.50 |
| Feb 22, 2017 | $2.50 | ||
| Feb 10, 2017 | $5.00 | Feb 22, 2017 | $5.00 |
| Feb 17, 2017 | $5.00 | Feb 22, 2017 | $5.00 |
| Feb 24, 2017 | $5.00 | Mar 3, 2017 | $5.00 |
| Mar 3, 2017 | $5.00 | Mar 3, 2017 | $5.00 |
| Mar 10, 2017 | $5.00 | Mar 3, 2017 | $5.00 |
| Mar 17, 2017 | $5.00 | Mar 3, 2017 | $5.00 |
| Mar 24, 2017 | $5.00 | Mar 28, 2017 | $5.00 |
| Mar 31, 2017 | $5.00 | Mar 28, 2017 | $5.00 |
| Apr 7, 2017 | $5.00 | Apr 7, 2017 | $5.00 |
| Apr 14, 2017 | $5.00 | Apr 14, 2017 | $5.00 |
| Apr 21, 2017 | $5.00 | Apr 20, 2017 | $5.00 |
| Apr 28, 2017 | $5.00 | Apr 26, 2017 | $5.00 |
| May 5, 2017 | $5.00 | May 5, 2017 | $5.00 |
| May 12, 2017 | $5.00 | May 7, 2017 | $5.00 |
| May 19, 2017 | $5.00 | May 7, 2017 | $5.00 |
| May 26, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jun 2, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jun 9, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jun 16, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jun 23, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jun 30, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jul 7, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jul 14, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jul 21, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Jul 28, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Aug 4, 2017 | $5.00 | May 7, 2017 | $5.00 |
| Aug 11, 2017 | $1.34 | May 7, 2017 | $1.34 |
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