Inventory of bananas for market stall
Micheal
London Estate, Kenya
45% repaid
Entrepreneur
Name
Micheal
Member since
August 2014
On-time repayments
228 installments • 88%
About Me
I was born on the 22nd, September, 1960. We were born five boys with no girl at all. I am the second born in the family. My elder brother passed on in 1990. My father passed on when I was in standard 6, in 1974. After the death of my father I went to stay with my maternal grandmother in May 1974 until I did my first national exams( Kenya Certificate of Primary Education) in 1975. Incidentally my elder brother had repeated some class, so he also sat for Kenya Certificate of Primary Education in the same year( 1975). I got 36 points in the exams( which is the maximum points in the exams then) while my elder brother got 32 points. Both of us were officially called to join government secondary schools. However since we were orphans both of us could not go to secondary schools because my mother was unemployed then. So the local chief of our area organized for a fundraising to raise money for both of us to join secondary schools. However the amount that was raised could only be sufficient for one of us to go to a secondary school. So I gave my elder brother a first chance to go to the secondary school where he had been called to join while I repeated standard 7 in order to join Starehe Boys Centre and school.
I later sat for Kenya Certificate of Primary Education exams for the second time in 1976 and got 34 points, 2 less than the maximum points of 36. I officially got a letter from Starehe Boys Centre and School to join form one there. I later did my Kenya Advanced Secondary School exams and got a division one.
l am a family man with 4 grown-up children.l worked with Telkom (K) Ltd for 24 years as a telecommunication technician and rose to the rank of a telecommunication engineer.While working with Telkom (K) I also got trained as a Peer Education Facilitator as well as Christian/Muslim Family Life Education Facilitator.
I went to Starehe Boys Centre and School where I attained two Subsidiary passes in Mathematics and Physics.
I was retrenched from Telkom (K) in 2008 thereafter I started keeping Livestock ( one dairy cow and some indigenous poultry)
From the earnings I am able to educate two orphans and four poor students in secondary school. With more income I shall be able to cater for education of many more needy children.
My hobbies are: reading bible, teaching the word of God, teaching about reproductive health and cheering local football and international football.
I am also a pastor with Church on the Rock Ministries in Africa. The church I pastor is situated within the environs of Nakuru town. The church has 40 members( adults and the youth).
My Business
I am still running my banana selling business with my wife in Nakuru Wholesale Market. So l intend to buy stock of 90 banana @ $6 per a banana, thereby costing me a total of $540( 54,000 kenya shillings). I also intend to use $250( 25,000 Kenya shillings) to pay my college fees balance in order to graduate with a diploma in Theology and Bible Studies in the month of March, 2019. The rest of the amount will cater for transportation and other logistics.
Loan Proposal
I shall buy 100 bananas @ $6.5 (650) per a banana costing $650 (65,000). I shall pay transport expenses for 100 bananas amounting to $120 (12,000). Two workers to offload the bananas from a lorry and the other two to carry the bananas to my market stall shall be paid a total of $40 (4000). My selling price per a banana shall be $8 (800). Total selling price shall be $800, fetching me a total interest of $150 (15,000) before deductions of expenses.
Benefits: I shall be able to raise the remaining fees of $250 (25,000) before graduation time in March, 2019. I shall also be able to feed my wife and two dependents who stay with us, one in a secondary school and the other in a college. I shall also be able to take care of my cow boy as well as the cow and calf back at home in the farm. My profit is likely to increase from $70 (7000) to $120 (12,000) after business expenses.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$823.00
Date disbursed
Feb 1, 2019
Repayment status
Late
Projected term
4 months
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Summary
Amount repaid
$372.49
Amount remaining
$450.54
Expected completion
Jun 23, 2019
Status
Repaying late
Installment amount
$41.39
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 10, 2019 | $41.39 | Feb 6, 2019 | $5.91 |
| Feb 9, 2019 | $14.78 | ||
| Feb 10, 2019 | $20.69 | ||
| Feb 17, 2019 | $41.39 | Feb 10, 2019 | $14.78 |
| Feb 14, 2019 | $4.93 | ||
| Feb 15, 2019 | $5.91 | ||
| Feb 16, 2019 | $4.93 | ||
| Feb 19, 2019 | $10.84 | ||
| Feb 24, 2019 | $41.39 | Mar 2, 2019 | $1.97 |
| Mar 2, 2019 | $39.42 | ||
| Mar 3, 2019 | $41.39 | Mar 2, 2019 | $41.39 |
| Mar 10, 2019 | $41.39 | Mar 2, 2019 | $37.45 |
| Mar 6, 2019 | $3.94 | ||
| Mar 17, 2019 | $41.39 | Mar 6, 2019 | $1.97 |
| Mar 11, 2019 | $39.42 | ||
| Mar 24, 2019 | $41.39 | Mar 11, 2019 | $1.97 |
| Apr 8, 2019 | $39.42 | ||
| Mar 31, 2019 | $41.39 | Apr 8, 2019 | $1.97 |
| May 3, 2019 | $39.42 | ||
| Apr 7, 2019 | $41.39 | May 3, 2019 | $9.85 |
| Jun 6, 2019 | $29.56 | ||
| Jul 24, 2019 | $1.97 | ||
| Apr 14, 2019 | $41.39 | ||
| Apr 21, 2019 | $41.39 | ||
| Apr 28, 2019 | $41.39 | ||
| May 5, 2019 | $41.39 | ||
| May 12, 2019 | $41.39 | ||
| May 19, 2019 | $41.39 | ||
| May 26, 2019 | $41.39 | ||
| Jun 2, 2019 | $41.39 | ||
| Jun 9, 2019 | $41.39 | ||
| Jun 16, 2019 | $41.39 | ||
| Jun 23, 2019 | $36.66 | ||
Dixie Davis Aug 15, 2018
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