Entrepreneur
Name
Elizabeth
Member since
September 2015
On-time repayments
126 installments • 58%
About Me
I was born and brought up in Yala, Siaya County. I schooled at St. Teresa's Yala Primary School. Graduated to join Ng'iya High School for A levels, thereafter joined Kenya Technical Teachers College for Diploma course in Information Technology.
Paying school fees to further my education became a challenge for my parents and through determination and perseverance I pulled through.
After graduating, life became unbearable to sustain myself and finding a job of my profession became a nightmare and for this reason i thought it wise to start Honey Harvesting and selling of both raw and processed honey. In the society people believe in team work for example collecting funds to support village initiated projects every year like building a hospital .my hobby is doing research about everything that comes my way andtheir positive effects.
My Business
I harvest, sell raw and processed honey. Honey has high nutritional value compared to, bleached sugar and its products. For this reason sugar is substituted with honey. After thorough research it came to my realization the adverse effects of bleached sugar and for this i purposed to sell pure honey which has more medicinal value to the body as i needed a healthy community.
I have to travel to the various bee-farming sites, meet the bee-keepers so as to negotiation price before harvesting is done. The harvested honey is transported to Nairobi for processing, packaging, and finally sold to the consumer. The profit amassed is reinvested in expansion of the business, increasing the quality of service provided, paying the house rent as well as purchase of personal effects and food.
Loan Proposal
I will use my first loan to purchase a 20 litre jerrycan of raw honey. The cost is approximately US $54. This will enable me increase my stock thus reaching out to more clients. This will in turn lead to a 30% increase in the profit
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Oct 6, 2015
Repayment status
On Time
Projected term
6 months
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Summary
Amount repaid
$208.99
Amount remaining
$0.00
Date repaid
Apr 4, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 18, 2015 | $3.00 | Oct 19, 2015 | $3.00 |
| Oct 25, 2015 | $3.00 | Oct 24, 2015 | $3.00 |
| Nov 1, 2015 | $3.00 | Nov 1, 2015 | $3.00 |
| Nov 8, 2015 | $3.00 | Nov 8, 2015 | $3.00 |
| Nov 15, 2015 | $3.00 | Nov 12, 2015 | $3.00 |
| Nov 22, 2015 | $10.00 | Nov 19, 2015 | $10.00 |
| Nov 29, 2015 | $10.00 | Nov 29, 2015 | $10.00 |
| Dec 6, 2015 | $10.00 | Dec 8, 2015 | $10.00 |
| Dec 13, 2015 | $10.00 | Dec 15, 2015 | $10.00 |
| Dec 20, 2015 | $10.00 | Dec 20, 2015 | $10.00 |
| Dec 27, 2015 | $10.00 | Dec 29, 2015 | $10.00 |
| Jan 3, 2016 | $10.00 | Jan 4, 2016 | $10.00 |
| Jan 10, 2016 | $10.00 | Jan 11, 2016 | $10.00 |
| Jan 17, 2016 | $10.00 | Jan 21, 2016 | $10.00 |
| Jan 24, 2016 | $10.00 | Jan 24, 2016 | $10.00 |
| Jan 31, 2016 | $10.00 | Jan 24, 2016 | $0.60 |
| Feb 3, 2016 | $9.40 | ||
| Feb 7, 2016 | $10.00 | Feb 3, 2016 | $0.60 |
| Feb 11, 2016 | $9.40 | ||
| Feb 14, 2016 | $10.00 | Feb 11, 2016 | $1.00 |
| Feb 13, 2016 | $9.00 | ||
| Feb 21, 2016 | $10.00 | Feb 13, 2016 | $2.30 |
| Mar 4, 2016 | $7.70 | ||
| Feb 28, 2016 | $10.00 | Mar 4, 2016 | $7.80 |
| Mar 14, 2016 | $2.20 | ||
| Mar 6, 2016 | $8.80 | Mar 14, 2016 | $8.80 |
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $5.00 | Apr 1, 2016 | $5.00 |
| Apr 3, 2016 | $5.00 | Apr 1, 2016 | $5.00 |
| Apr 10, 2016 | $25.19 | Apr 4, 2016 | $25.19 |
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