Loan to complete my university tuition fees
Michael
Ganjala, Kenya
100% repaid
Entrepreneur
Name
Michael
Member since
February 2016
On-time repayments
50 installments • 68%
About Me
I am a born again christian aged 23 , I am the forth born in a family of six children. I went to Mundika boys primary and joined St Mathias Busia secondary school. I then joined KCA university for Degree in business management.
I started my farming business to support my university education. The main problem I faced as a young entrepreneur was start up capital and fluctuating market prices. I took a loan from a friend which I invested in horticulture and the business paid off well. I learnt with time the market trends and have been able to grow my crops at the correct time and not when its convenient . I practice market led agriculture.
I have one baby boy named John,he is 2 years old and very aggressive and loving,.
I am a big soccer fun and spend my free time watching soccer.
My Business
I provide horticulture crops to my customers who include schools,hospital and households,I mainly grow traditional African vegetables, kale ,cabbages and spinach.
the demand for these crops is high due to high population and less farmers. The demand far outweighs the supplies and that's why I am planning to expand my farm to tap the opportunities.
I choose farming business because it was highly profitable and easy to manage.
My montly costs are $160 and my monthly revenues are $400 . I use 50% of my income to pay for my university fees which I will clear in april these year. I then spend the rest on business expansion, and supporting my siblings education.
Loan Proposal
Dear lenders, due to my sick mother,I was forced to chop part of my university fees to carter for her medication ,I am glad mum is now well,however I am in need of money to help me clear my university tuition fees. I expect to complete my degree in April so that I can fully concentrate on my agribusiness venture. I would use the $62 I would receive to add my $200 savings so that I clear the $260 fee balance. I would appreciate you help and thank you in advance always . Happy week.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 11, 2016
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
Summary
Amount repaid
$105.27
Amount remaining
$0.00
Date repaid
Jun 16, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 21, 2016 | $2.00 | Feb 15, 2016 | $2.00 |
| Feb 28, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Mar 6, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Mar 13, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Mar 20, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Mar 27, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Apr 3, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Apr 10, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Apr 17, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Apr 24, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| May 1, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| May 8, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| May 15, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| May 22, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| May 29, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Jun 5, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Jun 12, 2016 | $1.00 | Feb 23, 2016 | $1.00 |
| Jun 19, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jun 26, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jul 3, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jul 10, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jul 17, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jul 24, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jul 31, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Aug 7, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Aug 14, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Aug 21, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Aug 28, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Sep 4, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Sep 11, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Sep 18, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Sep 25, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Oct 2, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Oct 9, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Oct 16, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Oct 23, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Oct 30, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Nov 6, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Nov 13, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Nov 20, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Nov 27, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Dec 4, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Dec 11, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Dec 18, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Dec 25, 2016 | $1.00 | May 12, 2016 | $1.00 |
| Jan 1, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Jan 8, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Jan 15, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Jan 22, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Jan 29, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Feb 5, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Feb 12, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Feb 19, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Feb 26, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Mar 5, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Mar 12, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Mar 19, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Mar 26, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Apr 2, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Apr 9, 2017 | $1.00 | May 12, 2016 | $1.00 |
| Apr 16, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Apr 23, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Apr 30, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| May 7, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| May 14, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| May 21, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| May 28, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jun 4, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jun 11, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jun 18, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jun 25, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jul 2, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jul 9, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jul 16, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jul 23, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jul 30, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Aug 6, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Aug 13, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Aug 20, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Aug 27, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Sep 3, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Sep 10, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Sep 17, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Sep 24, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Oct 1, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Oct 8, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Oct 15, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Oct 22, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Oct 29, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Nov 5, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Nov 12, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Nov 19, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Nov 26, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Dec 3, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Dec 10, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Dec 17, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Dec 24, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Dec 31, 2017 | $1.00 | Jun 16, 2016 | $1.00 |
| Jan 7, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Jan 14, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Jan 21, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Jan 28, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Feb 4, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Feb 11, 2018 | $1.00 | Jun 16, 2016 | $1.00 |
| Feb 18, 2018 | $0.27 | Jun 16, 2016 | $0.27 |
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