To Purchase beans at the starting of harvesting period and later sell it for a profit.
Paul
Bahati Nakuru, Kenya
57% repaid
Entrepreneur
Name
Paul
Member since
February 2013
On-time repayments
79 installments • 28%
About Me
My name is Paul Irungu Ndiritu. I was born in 1984 in Othaya at a place called Rukira. I went to Primary Birithia School. After school I joined my parents in business of cereals and Posho mill by then my parent had moved to Bahati Nakuru where we are up to date. I am a married man with one child.
I come from Bahati at a place called Mwisho Wa Lami as you come from Nakuru along Nakuru/Nyahururu road you reach a centre called Maili Kumi centre then you go straight the Solai road then to a school called Muthati Secondary School to a place called Mwisho Wa Lami next to the Police Station. plot no. 1
My Business
I have a business of cereals and Posho Mill business which is situated at Mwisho Wa Lami along the road that leads to Wanyororo. I sell and buy maize, beans peas, rice, etc from this business I get an income of about 500 per day which amount to 180000 per year I use the amount to continue with the business and for my family up keep I also help my parents with the same in come. Recently with what I have accumulated for some years I bought my own plot for my family. So the business has been of much help for me and also for my young family. I would like to up grade this business where I could have a enough stock and that we mean a good profit.
Loan Proposal
The given loan amount will be used to purchase beans which is at the peak of the harvesting period in our area.The beans coast 3200ksh approximately 40usd per bag when you purchase from the farmers and later sell it at 4800ksh per bag approximately 60usd thus making a profit of around 20usd per bag.Having given the loan amount,it will be sufficient to purchase two bags and am definitely sure before the end of the beans season i will have increased my capital base to a value of purchasing ten bags.This will enable me to pay my loan on time and without fail
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jul 29, 2014
Repayment status
Late
Projected term
11 months
Other loans
Lenders
Austin, United States
Ask Paul a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$62.27
Amount remaining
$47.26
Expected completion
Jul 21, 2015
Status
Repaying late
Installment amount
$2.15
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 5, 2014 | $2.15 | Aug 7, 2014 | $2.15 |
| Aug 12, 2014 | $2.15 | Aug 7, 2014 | $2.15 |
| Aug 19, 2014 | $2.15 | Aug 7, 2014 | $1.51 |
| Sep 7, 2014 | $0.64 | ||
| Aug 26, 2014 | $2.15 | Sep 7, 2014 | $2.15 |
| Sep 2, 2014 | $2.15 | Sep 7, 2014 | $1.28 |
| Oct 4, 2014 | $0.87 | ||
| Sep 9, 2014 | $2.15 | Oct 4, 2014 | $2.15 |
| Sep 16, 2014 | $2.15 | Oct 4, 2014 | $1.98 |
| Oct 28, 2014 | $0.17 | ||
| Sep 23, 2014 | $2.15 | Oct 28, 2014 | $2.15 |
| Sep 30, 2014 | $2.15 | Oct 28, 2014 | $2.15 |
| Oct 7, 2014 | $2.15 | Oct 28, 2014 | $0.17 |
| Dec 12, 2014 | $1.98 | ||
| Oct 14, 2014 | $2.15 | Dec 12, 2014 | $2.15 |
| Oct 21, 2014 | $2.15 | Dec 12, 2014 | $2.15 |
| Oct 28, 2014 | $2.15 | Dec 12, 2014 | $2.15 |
| Nov 4, 2014 | $2.15 | Dec 12, 2014 | $2.15 |
| Nov 11, 2014 | $2.15 | Dec 12, 2014 | $1.63 |
| Mar 1, 2015 | $0.52 | ||
| Nov 18, 2014 | $2.15 | Mar 1, 2015 | $2.15 |
| Nov 25, 2014 | $2.15 | Mar 1, 2015 | $2.15 |
| Dec 2, 2014 | $2.15 | Mar 1, 2015 | $0.99 |
| May 1, 2015 | $1.16 | ||
| Dec 9, 2014 | $2.15 | May 1, 2015 | $2.15 |
| Dec 16, 2014 | $2.15 | May 1, 2015 | $2.15 |
| Dec 23, 2014 | $2.15 | May 1, 2015 | $2.15 |
| Dec 30, 2014 | $2.15 | May 1, 2015 | $1.69 |
| May 18, 2015 | $0.47 | ||
| Jan 6, 2015 | $2.15 | May 18, 2015 | $2.09 |
| May 19, 2015 | $0.06 | ||
| Jan 13, 2015 | $2.15 | May 19, 2015 | $2.15 |
| Jan 20, 2015 | $2.15 | May 19, 2015 | $0.35 |
| May 20, 2015 | $1.80 | ||
| Jan 27, 2015 | $2.15 | May 20, 2015 | $0.76 |
| May 22, 2015 | $1.40 | ||
| Feb 3, 2015 | $2.15 | May 22, 2015 | $2.15 |
| Feb 10, 2015 | $2.15 | May 22, 2015 | $1.17 |
| May 23, 2015 | $0.98 | ||
| Feb 17, 2015 | $2.15 | May 23, 2015 | $1.93 |
| Feb 24, 2015 | $2.15 | ||
| Mar 3, 2015 | $2.15 | ||
| Mar 10, 2015 | $2.15 | ||
| Mar 17, 2015 | $2.15 | ||
| Mar 24, 2015 | $2.15 | ||
| Mar 31, 2015 | $2.15 | ||
| Apr 7, 2015 | $2.15 | ||
| Apr 14, 2015 | $2.15 | ||
| Apr 21, 2015 | $2.15 | ||
| Apr 28, 2015 | $2.15 | ||
| May 5, 2015 | $2.15 | ||
| May 12, 2015 | $2.15 | ||
| May 19, 2015 | $2.15 | ||
| May 26, 2015 | $2.15 | ||
| Jun 2, 2015 | $2.15 | ||
| Jun 9, 2015 | $2.15 | ||
| Jun 16, 2015 | $2.15 | ||
| Jun 23, 2015 | $2.15 | ||
| Jun 30, 2015 | $2.15 | ||
| Jul 7, 2015 | $2.15 | ||
| Jul 14, 2015 | $2.15 | ||
| Jul 21, 2015 | $1.97 | ||
Loading...