Purchase of new farm inputs and repair machine

Kenneth Kimutai

Torit, Kenya

100% repaid

Entrepreneur

Name

Kenneth Kimutai

Member since

July 2014

On-time repayments

31 installments  •  100%

About Me

My name is Kenn but my friends call me Ramar short for Ramayian which is a Maasai childhood name.I am the fourth born in a family of five. Sine childhood I have developed a passion for cars and nature. I am a scout so loving nature is not an option,wild animals and natural vegetation have my heart and I try as much as I can to conserve them.
I live in an area where people do all types of farming from small scale to large scale farming. I have been employed before but I prefer being self employed reason being my previous employers have not been men of their words and pay at the end of the deal as agreed. This made me think outside the box and start my own game centre which is a place for computer games and a play station.I also engage in farming which involves the growth of various types of crops for home use and business.I use the earnings from this business to purchase the necessary equipment needed to expand and make my business grow.
My hobbies include camping,going for hikes, climbing trees,making new friends,playing video games,cycling,jogging and so many other interesting activities.

My Business

My small farm mainly deals with vegetables and other seasonal crops,I grow tomatoes,potatoes,cabbages,spinach,beans,peas,onions and other crops. Most of my customers come back for more,this is because I have built a good customer relation with them by allowing them to take the produce to the market then pay me later,this is done under basic understanding and agreement. The business is profitable since I grow the crops according to the season and demand. The risks in this business are mainly pests and disease. The monthly cost is close to 100 USD and the profit is around 250 USD.
The game center has different types of games to offer from football,racing and action. The demand for this services is high or low depending on the season because most of my customers are school going therefore making the demand vary during session and holidays. The risk the business faces is when the machines don`t run efficiently or develop a problem.The monthly cost is around 50 USD,profits vary from 60 to 150 USD.

Loan Proposal

I will use the loan to purchase seed and farm input and also purchase new games for my game center. It will benefit me a lot because I will be giving to the society by providing food for them right at their disposal. on the other hand,the game center makes our teenagers busy and not get involved in dangerous activities like doing drugs or other substances. this will also keep them focused on their education and its also mind exercise You should support me to do this because its a benefit not only to me but to the society as well.
50 USD will be used to purchase new seedlings.
50 USD will be used to prepare the ground for planting and the rest will be used to repair and maintain broken machines.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Sep 3, 2014

Repayment status

On Time

Projected term

5 months

Other loans

Lenders

mrgonzalo

San Francisco, CA, United States

Sarasota

Sarasota, Fl, United States

J

jaytodd

New Orleans, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

KrautFunding

Hamburg, Germany

camden01

Connecticut, United States

Sputnik

Switzerland

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Summary

Amount repaid

$156.11

Amount remaining

$0.00

Date repaid

Feb 27, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 12, 2014 $4.30 Sep 12, 2014 $4.30
Sep 19, 2014 $4.30 Sep 12, 2014 $0.30
Sep 19, 2014 $4.00
Sep 26, 2014 $4.30 Sep 19, 2014 $0.02
Sep 26, 2014 $4.26
Oct 4, 2014 $0.01
Oct 3, 2014 $4.30 Oct 4, 2014 $4.29
Oct 11, 2014 $0.01
Oct 10, 2014 $4.30 Oct 11, 2014 $4.30
Oct 17, 2014 $4.30 Oct 11, 2014 $0.29
Oct 18, 2014 $4.01
Oct 24, 2014 $4.30 Oct 18, 2014 $0.36
Oct 25, 2014 $3.94
Oct 31, 2014 $4.30 Oct 25, 2014 $0.08
Nov 1, 2014 $4.22
Nov 7, 2014 $4.30 Nov 1, 2014 $0.38
Nov 7, 2014 $3.92
Nov 14, 2014 $4.30 Nov 7, 2014 $0.68
Nov 14, 2014 $3.62
Nov 21, 2014 $4.30 Nov 14, 2014 $0.98
Nov 22, 2014 $3.32
Nov 28, 2014 $4.30 Nov 22, 2014 $1.28
Nov 29, 2014 $3.02
Dec 5, 2014 $4.30 Nov 29, 2014 $1.57
Dec 6, 2014 $2.72
Dec 12, 2014 $4.30 Dec 6, 2014 $1.87
Dec 13, 2014 $2.43
Dec 19, 2014 $4.30 Dec 13, 2014 $1.60
Dec 22, 2014 $2.70
Dec 26, 2014 $4.30 Dec 22, 2014 $1.90
Dec 29, 2014 $2.40
Jan 2, 2015 $4.30 Dec 29, 2014 $1.05
Jan 2, 2015 $3.25
Jan 9, 2015 $4.30 Jan 2, 2015 $0.20
Jan 13, 2015 $4.10
Jan 16, 2015 $4.30 Jan 13, 2015 $0.49
Jan 25, 2015 $3.80
Jan 23, 2015 $4.30 Jan 25, 2015 $2.52
Feb 2, 2015 $1.78
Jan 30, 2015 $4.30 Feb 2, 2015 $3.68
Feb 7, 2015 $0.62
Feb 6, 2015 $4.30 Feb 7, 2015 $3.75
Feb 15, 2015 $0.55
Feb 13, 2015 $4.30 Feb 15, 2015 $4.30
Feb 20, 2015 $0.40 Feb 15, 2015 $0.32
Feb 27, 2015 $0.08
Feb 27, 2015 $56.84 Feb 27, 2015 $56.76

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