For sheep

Cleophas Kiprotich

Nakuru, Kenya

67% repaid

Entrepreneur

Name

Cleophas Kiprotich

Member since

February 2016

On-time repayments

253 installments  •  75%

About Me

am cleophas kiprotich born and raise in kenya nandi county . i went to kaptilol primary where i pass and went to samoei boys high school after which i join university of Eldoret where i did A degree in business management. this is what i love to venture in and turn it into a reality has it had been my desire since my child hood. hardships are part of life and take them positive when never they arise. i started my business while still in university -a business whose main customers were schoolmates and they gave me an opportunity to apply my class knowledge to real life. the land i come from is that it is ever green and most people are farmers. i do not have children as per now but planing to have. i love football and that is where i spent my leisure time

My Business

Am in hotel industry . running a small hotel in nakuru town with the help of two employees . my main customers are the locals from the jua kali sector. i chose this line of business in order to take advantage of the unutilized opportunity in the sector, also my early experience in the industry motivated me . my monthly average cost is ksh. 70,000. which gives a revenue of ksh. 130,000 monthly on average. i use this profit for improvement and re-investment. am looking forward to your assistance to grow my business. I have recently engage my self with tea farming currently with 4500 tea bushes and they are doing well. I am planning to increase it to 10,000 tea bushes. Since my tea are doing well I have diversify my agriculture business to include livestock where I have started rearing sheep and I intent to increase the numbers .

Loan Proposal

I will purchase 5 sheep , each with a cost of ksh. 4000. This will greatly assist me to get manaure for my tea farm and also fatten them for a short period of time then I sell at the profit.

Income Source

Since I am currently engaging in farming my business is part of essential service which will still continue making profit since people have to consume agricultural produce.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$196.43

Date disbursed

Apr 11, 2020

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: $16.55

Credit risk payment: $23.17

Optional expediting fee: $16.55

Lenders

JimVandegriff

Trinidad, California, United States

IM

Isak Maaseide

Tromso, Norway, Norway

Jason

Auckland, New Zealand

Dan Brinkman

Lynden, WA, United States

Ren

Minneapolis/StPaul, United States

Deirdre

Yorkshire, United Kingdom

V

Vince

Wagga Wagga, Australia

Paul Buchheit

Mountain View, United States

Donald Major

United States

Jim Murray

United States

Yosef

United States

L

Leo

United States

C

Cole

United States

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