Entrepreneur
Name
Allan
Member since
July 2015
On-time repayments
38 installments • 34%
About Me
I am a businessman and a small scale farmer too
Currently working in an IT firm and doubling it up with agriculture (cash crops) and chicken rearing for my day-to-day business to support my family too.
I am therefore applying for this loan to strictly help me acquire more materials for my businesses and my farm.
I started my business way back in 2012 and despite some struggles in the beginning I was able to stabilize more so because of this platform and am managing well at the moment.
My Business
Poultry farming and mixed farming.
I am venturing in rearing birds on my farm - mostly chicken and planting cash crops (for sale and use at home)
Currently I wish to expand the poultry house to accommodate more birds (chicken) for the upcoming holidays.
Loan Proposal
I will use the loan to buy more heads of chicken and seeds for my far too; considering we are heading into a season where the demand will be relatively high plus also putting into considering that I now have a wide client base hence high consumption.
I will equally use the loan in the following manner:-
19.43 Dollars for buying a variety of new seeds for my farm.
9.71 Dollars for planting labour and farm toiling expenses.
29.14Dollars for buying more heads of chicken.
9.71 Dollars for expanding and renovating the chicken house.
14.57 Dollars for purchasing chicken feeds and medicine product for my chicken.
4.86 Dollars for purchasing fertilizers for my farm.
6.34 Dollars for miscellaneous expenses like transport costs e.t.c
The benefits will be creation of sufficient supply of vegetables and chicken meat and products to my client base.
I expect an increase of close to 194.27 Dollars
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Oct 10, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
New Zealand
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Summary
Amount repaid
$101.37
Amount remaining
$0.00
Date repaid
Mar 26, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 18, 2015 | $10.00 | Nov 6, 2015 | $10.00 |
| Oct 25, 2015 | $10.00 | Nov 6, 2015 | $10.00 |
| Nov 1, 2015 | $9.00 | Nov 16, 2015 | $9.00 |
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $4.00 | Nov 23, 2015 | $4.00 |
| Nov 29, 2015 | $4.00 | Nov 23, 2015 | $3.00 |
| Nov 30, 2015 | $1.00 | ||
| Dec 6, 2015 | $4.00 | Nov 30, 2015 | $4.00 |
| Dec 13, 2015 | $4.00 | Apr 27, 2016 | $4.00 |
| Dec 20, 2015 | $4.00 | May 14, 2016 | $4.00 |
| Dec 27, 2015 | $4.00 | May 14, 2016 | $1.50 |
| Aug 5, 2016 | $2.50 | ||
| Jan 3, 2016 | $4.00 | Aug 5, 2016 | $4.00 |
| Jan 10, 2016 | $4.00 | Aug 5, 2016 | $3.50 |
| Mar 26, 2020 | $0.50 | ||
| Jan 17, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Jan 24, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Jan 31, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Feb 7, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Feb 14, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Feb 21, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Feb 28, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Mar 6, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Mar 13, 2016 | $4.00 | Mar 26, 2020 | $4.00 |
| Mar 20, 2016 | $4.37 | Mar 26, 2020 | $4.37 |
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