Procurement of solar water pump

Duncan

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Duncan

Member since

September 2018

On-time repayments

23 installments  •  61%

About Me

I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.

I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.

My Business

I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.

Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.

I have engaged 10 people on a full-time basis and 7 on a casual basis.

Loan Proposal

I engage in farming on a 5 acres piece of land. It is located in Laikipia County, Laikipia East Subcounty. The area is fertile for farming however it is mainly semi-arid.

I have invested in a shallow well to harvest rainwater during rains. This resource is utilized during the dry seasons. This is done manually.

I would love to invest in a solar water pump that will greatly assist in the irrigation of crops. This will in turn increase profitability.

Income Source

I will be able to honour my loan repayments through the selling of the already mature crops in my farm.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$82.00

Date disbursed

Aug 26, 2020

Repayment status

On Time

Projected term

4 weeks

Lenders

WE

Wendy Emlyn

Devon, United Kingdom

JH

Joseph Hwang

Houston, United States

TN

the noob

United Kingdom

Kathleen Coleman

Oregon, United States

Rosella

Australia

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Summary

Amount repaid

$82.26

Amount remaining

$0.00

Date repaid

Sep 28, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 5, 2020 $20.57 Sep 8, 2020 $20.57
Sep 12, 2020 $20.57 Sep 16, 2020 $20.57
Sep 19, 2020 $20.57 Sep 28, 2020 $20.57
Sep 26, 2020 $20.57 Sep 28, 2020 $20.57

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