Loan to buy a tank

Magret

Angorom, Kenya

29% repaid

Entrepreneur

Name

Magret

Member since

December 2014

On-time repayments

96 installments  •  16%

About Me

My name is Magret Kanyi,I am married with 3 kids.I was born In Central Kenya but migrated to Busia county,since my husband comes from there.
After getting married my husband lost his job,since I was a house wife,we could barely pay our bills. I decided to venture into farming to earn income.i started as small scale farmer ,but later took a loan to buy green house . I have since cleared the loan,and my farming business is doing fairly well.
I have 3 kids,they want to be doctors when they grow up,I am working hard to ensure they achieve their dreams.

My Business

I mainly grow tomatoes in my green house and kales in open air.I always ensure they reach the market when fresh and of good quality.This gives me premium prices for my goods and help me expand my clientele base since clients always prefer my goods.
This goods are in high demand since Busia is densely populated and majority of youths dont prefer farming so only less people farm,hence making demand high than supply.
In a good month ,I make $200 in profit. I use $150 in labor ,fuel and pesticides.
I use my revenues to pay school fees for my kids and take care of my family.

Loan Proposal

I am requesting for a loan to buy an irrigation tank,for my green house farm. The tank got blown away by wind three weeks ago,I managed to replace it with a smaller tank which is less efficient. I would use the $100 loan to supplement my savings and buy a bigger efficient tank (10000 litres) at $160 Thanks in advance for your kindness.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 22, 2014

Repayment status

Late

Projected term

22 months

Lenders

McJulio

New Jersey, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Kamil

Lidzbark Warminski, Poland

KM

Kirsty M

United Kingdom

SE

Sven E

Mannheim, Germany

CC

Catherine CatDesignz

Halifax, United Kingdom

Family Mueller

Petershagen, Germany

Jerome

Switzerland

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Summary

Amount repaid

$33.99

Amount remaining

$84.61

Expected completion

Nov 13, 2016

Status

Repaying late

Installment amount

$1.12

Repayment History

Expected Payments Actual Payments
Jan 4, 2015 $16.90 Jan 24, 2015 $16.90
Jan 11, 2015 $0.24 Jan 24, 2015 $0.24
Jan 18, 2015 $0.00
Jan 25, 2015 $0.00
Feb 1, 2015 $1.12 Feb 4, 2015 $1.12
Feb 8, 2015 $1.12 Feb 4, 2015 $1.12
Feb 15, 2015 $1.12 Feb 4, 2015 $1.12
Feb 22, 2015 $1.12 Feb 4, 2015 $1.12
Mar 1, 2015 $1.12 Feb 4, 2015 $1.12
Mar 8, 2015 $1.12 Feb 4, 2015 $1.12
Mar 15, 2015 $1.12 Feb 4, 2015 $1.12
Mar 22, 2015 $1.12 Feb 4, 2015 $1.12
Mar 29, 2015 $1.12 Feb 4, 2015 $1.12
Apr 5, 2015 $1.12 Feb 4, 2015 $1.12
Apr 12, 2015 $1.12 Feb 16, 2015 $1.12
Apr 19, 2015 $1.12 Feb 16, 2015 $1.12
Apr 26, 2015 $1.12 Feb 16, 2015 $1.12
May 3, 2015 $1.12 Feb 16, 2015 $1.12
May 10, 2015 $0.00
May 17, 2015 $0.00
May 24, 2015 $0.00
May 31, 2015 $0.00
Jun 7, 2015 $1.12 Jun 7, 2015 $1.12
Jun 14, 2015 $1.12
Jun 21, 2015 $1.12
Jun 28, 2015 $1.12
Jul 5, 2015 $1.12
Jul 12, 2015 $1.12
Jul 19, 2015 $1.12
Jul 26, 2015 $1.12
Aug 2, 2015 $1.12
Aug 9, 2015 $1.12
Aug 16, 2015 $1.12
Aug 23, 2015 $1.12
Aug 30, 2015 $1.12
Sep 6, 2015 $1.12
Sep 13, 2015 $1.12
Sep 20, 2015 $1.12
Sep 27, 2015 $1.12
Oct 4, 2015 $1.12
Oct 11, 2015 $1.12
Oct 18, 2015 $1.12
Oct 25, 2015 $1.12
Nov 1, 2015 $1.12
Nov 8, 2015 $1.12
Nov 15, 2015 $1.12
Nov 22, 2015 $1.12
Nov 29, 2015 $1.12
Dec 6, 2015 $1.12
Dec 13, 2015 $1.12
Dec 20, 2015 $1.12
Dec 27, 2015 $1.12
Jan 3, 2016 $1.12
Jan 10, 2016 $1.12
Jan 17, 2016 $1.12
Jan 24, 2016 $1.12
Jan 31, 2016 $1.12
Feb 7, 2016 $1.12
Feb 14, 2016 $1.12
Feb 21, 2016 $1.12
Feb 28, 2016 $1.12
Mar 6, 2016 $1.12
Mar 13, 2016 $1.12
Mar 20, 2016 $1.12
Mar 27, 2016 $1.12
Apr 3, 2016 $1.12
Apr 10, 2016 $1.12
Apr 17, 2016 $1.12
Apr 24, 2016 $1.12
May 1, 2016 $1.12
May 8, 2016 $1.12
May 15, 2016 $1.12
May 22, 2016 $1.12
May 29, 2016 $1.12
Jun 5, 2016 $1.12
Jun 12, 2016 $1.12
Jun 19, 2016 $1.12
Jun 26, 2016 $1.12
Jul 3, 2016 $1.12
Jul 10, 2016 $1.12
Jul 17, 2016 $1.12
Jul 24, 2016 $1.12
Jul 31, 2016 $1.12
Aug 7, 2016 $1.12
Aug 14, 2016 $1.12
Aug 21, 2016 $1.12
Aug 28, 2016 $1.12
Sep 4, 2016 $1.12
Sep 11, 2016 $1.12
Sep 18, 2016 $1.12
Sep 25, 2016 $1.12
Oct 2, 2016 $1.12
Oct 9, 2016 $1.12
Oct 16, 2016 $1.12
Oct 23, 2016 $1.12
Oct 30, 2016 $1.12
Nov 6, 2016 $1.12
Nov 13, 2016 $1.46

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