Entrepreneur
Name
Paul
Member since
May 2016
On-time repayments
178 installments • 30%
About Me
I grew up in Nairobi but most of my schooling,I did in the rural area.I saw my father struggle with us to get a decent education,and even how he could manage to sustain all seven of us.that's the force that drives me to making a better life for me and my family because i wouldn't want to see my family go through the same.that's my reason to starting my business.
I live in Nairobi the capital of Kenya.this is a city with much difficulty in life and for someone to survive,they really have to work hard for it,this is because the standard of living is so high.
Driven by this urge,I find myself working tirelessly to cope up with the competition in life.
Since my work and business involves sourcing for cattle for slaughter in different parts of Kenya,and so I travel a lot,and thus traveling is my hobby.Sometimes it takes up-to 11hrs in the vehicle,which can be cumbersome,but with time,I learned to love it
My Business
my business involves soursing of livestock from different parts of Kenya to be slaughtered in different slaughter houses.at first,I used to supply KENYA MEAT COMISSION,but of late I have been suplying FAMERS CHOICE AND QMP(along kangundo rd).
In life,food is important aspect,and food is neccessary,and meat is food taken by most people,in my country and outside.my work involves sourcing for cattle for local slaughter and for export slaughter.
My main reason for joining this business is because food substances will never be out of demand and its a neccessity in life.
When I buy a goat for slaughter,for example,I make sure that I get a profit of not less than 700 KES PER Head.This is because I get paid on carcass weighed of the slaughtered animal.So I have to be diligent and extra careful when buying at the market,so in a trip of goats, I make a profit of about 50000 KES and above,depending on the number of goats I bought.
In cows,for slaughter, I make sure that i make a profit of not less than 5000 KES. Per head.I also have to make sure that I buy cows with the right kilos since am paid on carcass weight kilo.with this in mind i make sure that i do the right thing.
Most of the time,my profit is used to grow my business,because the higher the number of cattle i have,the higher the profit.And in other times,I channel some part of profit into my other projects,that is sugar cane farming.
Loan Proposal
I will buy more goats/sheep for slaughter , since the higher the number I get the more the profit and also it helps me serve my customers well who expect higher tonnage every week.
I also realized that I could start a small butcher in my neighborhood and sale at least three goats in a weak,this will also escalate my weekly profit since am sure food supply is of importance and people also need it.
Price of one goat/sheep in a local market costs about 20 dollars which in turn I sale at about 29 dollars.I expect a profit of 7 dollars per head of goat/sheep minus expenses.
This loan can add at least ten more heads in my stock, thus increasing my supply and also adding confident to my customers.
I there for expect my business to grow by a margin of 10%.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$709.00
Date disbursed
Oct 25, 2017
Repayment status
Late
Projected term
25 months
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Summary
Amount repaid
$59.07
Amount remaining
$645.30
Expected completion
Dec 16, 2019
Status
Repaying late
Installment amount
$4.92
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 6, 2017 | $9.84 | Nov 4, 2017 | $9.84 |
| Nov 13, 2017 | $9.84 | Nov 22, 2017 | $9.84 |
| Nov 20, 2017 | $9.84 | Nov 26, 2017 | $9.84 |
| Nov 27, 2017 | $9.84 | Dec 4, 2017 | $9.84 |
| Dec 4, 2017 | $9.84 | Dec 16, 2017 | $9.84 |
| Dec 11, 2017 | $9.84 | Dec 16, 2017 | $9.84 |
| Dec 18, 2017 | $4.92 | ||
| Dec 25, 2017 | $4.92 | ||
| Jan 1, 2018 | $4.92 | ||
| Jan 8, 2018 | $4.92 | ||
| Jan 15, 2018 | $4.92 | ||
| Jan 22, 2018 | $4.92 | ||
| Jan 29, 2018 | $4.92 | ||
| Feb 5, 2018 | $4.92 | ||
| Feb 12, 2018 | $4.92 | ||
| Feb 19, 2018 | $4.92 | ||
| Feb 26, 2018 | $4.92 | ||
| Mar 5, 2018 | $4.92 | ||
| Mar 12, 2018 | $4.92 | ||
| Mar 19, 2018 | $4.92 | ||
| Mar 26, 2018 | $4.92 | ||
| Apr 2, 2018 | $4.92 | ||
| Apr 9, 2018 | $4.92 | ||
| Apr 16, 2018 | $4.92 | ||
| Apr 23, 2018 | $4.92 | ||
| Apr 30, 2018 | $4.92 | ||
| May 7, 2018 | $4.92 | ||
| May 14, 2018 | $4.92 | ||
| May 21, 2018 | $4.92 | ||
| May 28, 2018 | $4.92 | ||
| Jun 4, 2018 | $4.92 | ||
| Jun 11, 2018 | $4.92 | ||
| Jun 18, 2018 | $4.92 | ||
| Jun 25, 2018 | $4.92 | ||
| Jul 2, 2018 | $4.92 | ||
| Jul 9, 2018 | $4.92 | ||
| Jul 16, 2018 | $4.92 | ||
| Jul 23, 2018 | $4.92 | ||
| Jul 30, 2018 | $4.92 | ||
| Aug 6, 2018 | $4.92 | ||
| Aug 13, 2018 | $4.92 | ||
| Aug 20, 2018 | $4.92 | ||
| Aug 27, 2018 | $4.92 | ||
| Sep 3, 2018 | $4.92 | ||
| Sep 10, 2018 | $4.92 | ||
| Sep 17, 2018 | $4.92 | ||
| Sep 24, 2018 | $4.92 | ||
| Oct 1, 2018 | $4.92 | ||
| Oct 8, 2018 | $4.92 | ||
| Oct 15, 2018 | $4.92 | ||
| Oct 22, 2018 | $4.92 | ||
| Oct 29, 2018 | $4.92 | ||
| Nov 5, 2018 | $4.92 | ||
| Nov 12, 2018 | $4.92 | ||
| Nov 19, 2018 | $4.92 | ||
| Nov 26, 2018 | $4.92 | ||
| Dec 3, 2018 | $4.92 | ||
| Dec 10, 2018 | $4.92 | ||
| Dec 17, 2018 | $4.92 | ||
| Dec 24, 2018 | $4.92 | ||
| Dec 31, 2018 | $4.92 | ||
| Jan 7, 2019 | $4.92 | ||
| Jan 14, 2019 | $4.92 | ||
| Jan 21, 2019 | $4.92 | ||
| Jan 28, 2019 | $4.92 | ||
| Feb 4, 2019 | $4.92 | ||
| Feb 11, 2019 | $4.92 | ||
| Feb 18, 2019 | $4.92 | ||
| Feb 25, 2019 | $4.92 | ||
| Mar 4, 2019 | $4.92 | ||
| Mar 11, 2019 | $4.92 | ||
| Mar 18, 2019 | $4.92 | ||
| Mar 25, 2019 | $4.92 | ||
| Apr 1, 2019 | $4.92 | ||
| Apr 8, 2019 | $4.92 | ||
| Apr 15, 2019 | $4.92 | ||
| Apr 22, 2019 | $4.92 | ||
| Apr 29, 2019 | $4.92 | ||
| May 6, 2019 | $4.92 | ||
| May 13, 2019 | $4.92 | ||
| May 20, 2019 | $4.92 | ||
| May 27, 2019 | $4.92 | ||
| Jun 3, 2019 | $4.92 | ||
| Jun 10, 2019 | $4.92 | ||
| Jun 17, 2019 | $4.92 | ||
| Jun 24, 2019 | $4.92 | ||
| Jul 1, 2019 | $4.92 | ||
| Jul 8, 2019 | $4.92 | ||
| Jul 15, 2019 | $4.92 | ||
| Jul 22, 2019 | $4.92 | ||
| Jul 29, 2019 | $4.92 | ||
| Aug 5, 2019 | $4.92 | ||
| Aug 12, 2019 | $4.92 | ||
| Aug 19, 2019 | $4.92 | ||
| Aug 26, 2019 | $4.92 | ||
| Sep 2, 2019 | $4.92 | ||
| Sep 9, 2019 | $4.92 | ||
| Sep 16, 2019 | $4.92 | ||
| Sep 23, 2019 | $4.92 | ||
| Sep 30, 2019 | $4.92 | ||
| Oct 7, 2019 | $4.92 | ||
| Oct 14, 2019 | $4.92 | ||
| Oct 21, 2019 | $4.92 | ||
| Oct 28, 2019 | $4.92 | ||
| Nov 4, 2019 | $4.92 | ||
| Nov 11, 2019 | $4.92 | ||
| Nov 18, 2019 | $4.92 | ||
| Nov 25, 2019 | $4.92 | ||
| Dec 2, 2019 | $4.92 | ||
| Dec 9, 2019 | $4.92 | ||
| Dec 16, 2019 | $133.38 | ||
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