Purchasing corn and beans from farmers for retail
Joseph
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Joseph
Member since
July 2014
On-time repayments
106 installments • 77%
About Me
My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.
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fkjksdjka kfkadjfkajdfk kfjakjdf My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.
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My Business
As stated above, I run multiple business ventures. This is made possible by the assistance I get from my wife and two workers who carry out most of the day to day activities.
I started this business since I have an advantage in that I buy cereals from my hometown where I am well known by the producers. This gives me a competitive edge since I am able to buy at relatively low prices and this increases my profitability.
Apart from my salary, I make an net income of about $300 per month from my business.
Loan Proposal
As stated above, I run multiple business ventures. If funded, I would like to inject these funds to my retail shop. I intend to buy cereals during the harvest season which is around the corner. I will be able to purchase the produce at a low price and then sell them at a profit later on. The $150 loan will be spent to buy corn and beans as shown below.
90kg of corn $60
60kg of beans $82
The above are the staple food of the local community and I am sure I will make a tidy profit from this venture. I have a long experience in this business and therefore I will be able to make repayment without any problem
Thank you.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 26, 2014
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
Bremen, Germany
Longueuil, Canada
Republic of Korea
United States
Duisburg, Germany
Summary
Amount repaid
$162.63
Amount remaining
$0.00
Date repaid
Apr 25, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 7, 2014 | $4.40 | Aug 9, 2014 | $4.40 |
| Aug 14, 2014 | $4.40 | Aug 9, 2014 | $0.26 |
| Aug 16, 2014 | $4.14 | ||
| Aug 21, 2014 | $4.40 | Aug 16, 2014 | $0.51 |
| Aug 23, 2014 | $3.88 | ||
| Aug 28, 2014 | $4.40 | Aug 23, 2014 | $0.77 |
| Aug 30, 2014 | $3.63 | ||
| Sep 4, 2014 | $4.40 | Aug 30, 2014 | $1.02 |
| Sep 6, 2014 | $3.37 | ||
| Sep 11, 2014 | $4.40 | Sep 6, 2014 | $1.28 |
| Sep 13, 2014 | $3.12 | ||
| Sep 18, 2014 | $4.40 | Sep 13, 2014 | $1.53 |
| Sep 21, 2014 | $2.86 | ||
| Sep 25, 2014 | $4.40 | Sep 21, 2014 | $1.79 |
| Sep 28, 2014 | $2.60 | ||
| Oct 2, 2014 | $4.40 | Sep 28, 2014 | $3.21 |
| Oct 4, 2014 | $1.19 | ||
| Oct 9, 2014 | $4.40 | Oct 4, 2014 | $4.40 |
| Oct 16, 2014 | $4.40 | Oct 4, 2014 | $0.23 |
| Oct 13, 2014 | $4.16 | ||
| Oct 23, 2014 | $4.40 | Oct 13, 2014 | $2.81 |
| Oct 19, 2014 | $1.58 | ||
| Oct 30, 2014 | $4.40 | Oct 19, 2014 | $3.07 |
| Oct 28, 2014 | $1.33 | ||
| Nov 6, 2014 | $4.40 | Oct 28, 2014 | $3.33 |
| Nov 9, 2014 | $1.07 | ||
| Nov 13, 2014 | $4.40 | Nov 9, 2014 | $3.58 |
| Nov 23, 2014 | $0.81 | ||
| Nov 20, 2014 | $4.40 | Nov 23, 2014 | $3.84 |
| Dec 1, 2014 | $0.56 | ||
| Nov 27, 2014 | $4.40 | Dec 1, 2014 | $4.09 |
| Dec 9, 2014 | $0.30 | ||
| Dec 4, 2014 | $4.40 | Dec 9, 2014 | $4.35 |
| Dec 16, 2014 | $0.05 | ||
| Dec 11, 2014 | $4.40 | Dec 16, 2014 | $4.40 |
| Dec 18, 2014 | $4.40 | Dec 16, 2014 | $0.21 |
| Jan 3, 2015 | $4.19 | ||
| Dec 25, 2014 | $4.40 | Jan 3, 2015 | $4.40 |
| Jan 1, 2015 | $4.40 | Jan 3, 2015 | $4.40 |
| Jan 8, 2015 | $4.40 | Jan 3, 2015 | $0.05 |
| Jan 8, 2015 | $4.35 | ||
| Jan 15, 2015 | $4.40 | Jan 8, 2015 | $0.03 |
| Jan 17, 2015 | $4.36 | ||
| Jan 22, 2015 | $4.40 | Jan 17, 2015 | $0.29 |
| Jan 22, 2015 | $4.10 | ||
| Jan 29, 2015 | $4.40 | Jan 22, 2015 | $0.55 |
| Jan 29, 2015 | $3.85 | ||
| Feb 5, 2015 | $4.40 | Jan 29, 2015 | $0.05 |
| Feb 5, 2015 | $4.35 | ||
| Feb 12, 2015 | $4.40 | Feb 5, 2015 | $0.30 |
| Feb 11, 2015 | $4.09 | ||
| Feb 19, 2015 | $4.40 | Feb 11, 2015 | $0.56 |
| Feb 19, 2015 | $3.84 | ||
| Feb 26, 2015 | $4.40 | Feb 19, 2015 | $0.81 |
| Feb 26, 2015 | $3.58 | ||
| Mar 5, 2015 | $4.40 | Feb 26, 2015 | $1.07 |
| Mar 5, 2015 | $3.33 | ||
| Mar 12, 2015 | $4.40 | Mar 5, 2015 | $0.06 |
| Mar 13, 2015 | $4.34 | ||
| Mar 19, 2015 | $4.40 | Mar 13, 2015 | $0.31 |
| Mar 19, 2015 | $4.08 | ||
| Mar 26, 2015 | $4.40 | Mar 19, 2015 | $0.57 |
| Mar 26, 2015 | $3.83 | ||
| Apr 2, 2015 | $4.40 | Mar 26, 2015 | $0.06 |
| Apr 25, 2015 | $4.34 | ||
| Apr 9, 2015 | $4.40 | Apr 25, 2015 | $4.40 |
| Apr 16, 2015 | $4.40 | Apr 25, 2015 | $4.40 |
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