Loan to expand my maize farm

Eugene

Burumba, Kenya

0% repaid

Entrepreneur

Name

Eugene

Member since

December 2014

On-time repayments

113 installments  •  1%

About Me

My name is Eugene Wafula,I am the third born in a family of 9.five boys and two girls. I was raised in Busia county and attend Township primary school and township secondary school.
After completing my secondary schooled I searched for Jobs with no success.I later decided to do farming so as to save for my further studies. I started by tilling half an acre and then invested the proceeds back to the business. I have since expanded to one acre and will still expand the farm if i get more resources.
I come land dominated by Bukusu people,the most unique culture in our community is male circumcision. It is carried out after every two years and by elders.
During my free time I like playing soccer and dancing.

My Business

My business involves growing maize for selling. I grow maize twice in a year.The demand for maize is always high though the peak is from February to august.The demand is always high because maize is a staple food and therefore consumption is very high.
In a season (3 months)i spend $130 for fertilizers tilling and labor. I sell my produce gradually throughout the year and so makes between $100-$500 depending on the month of sell.
I use my profits for saving for school fees and taking care of my parents

Loan Proposal

Dear lenders ,I am requesting for a loan to help me buy me expand my .I will use the whole $100 to prepare yet another 1 acre in preparation for march planting season.This loan will come at the right time since I have been yearning for this expansion but my resources never allow. Thank you and happy holidays

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 28, 2014

Repayment status

Late

Projected term

26 months

Lenders

P

phangsang

Seattle, United States

S

Snake707

Somewhere, Germany

E

elourenco

Porto, Portugal

NathanMoore

United States

K

Kristiina

All Countries

KM

Kirsty M

United Kingdom

SE

Sven E

Mannheim, Germany

Sherri Quinn

North Saint Paul, United States

Cathy

Melbourne, Australia

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Summary

Amount repaid

$0.28

Amount remaining

$121.74

Expected completion

Mar 5, 2017

Status

Repaying late

Installment amount

$1.12

Repayment History

Expected Payments Actual Payments
Jan 4, 2015 $0.17 Feb 14, 2015 $0.17
Jan 11, 2015 $0.00
Jan 18, 2015 $0.00
Jan 25, 2015 $0.00
Feb 1, 2015 $0.00
Feb 8, 2015 $0.00
Feb 15, 2015 $0.00
Feb 22, 2015 $0.00
Mar 1, 2015 $1.12 Feb 26, 2015 $0.11
Mar 8, 2015 $1.12
Mar 15, 2015 $1.12
Mar 22, 2015 $1.12
Mar 29, 2015 $1.12
Apr 5, 2015 $1.12
Apr 12, 2015 $1.12
Apr 19, 2015 $1.12
Apr 26, 2015 $1.12
May 3, 2015 $1.12
May 10, 2015 $1.12
May 17, 2015 $1.12
May 24, 2015 $1.12
May 31, 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 $1.12
Nov 20, 2016 $1.12
Nov 27, 2016 $1.12
Dec 4, 2016 $1.12
Dec 11, 2016 $1.12
Dec 18, 2016 $1.12
Dec 25, 2016 $1.12
Jan 1, 2017 $1.12
Jan 8, 2017 $1.12
Jan 15, 2017 $1.12
Jan 22, 2017 $1.12
Jan 29, 2017 $1.12
Feb 5, 2017 $1.12
Feb 12, 2017 $1.12
Feb 19, 2017 $1.12
Feb 26, 2017 $1.12
Mar 5, 2017 $3.88

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