Purchase of two knapsack sprayers

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

The loan will be used to buy knapsack sprayers for use in spraying insecticides and follia feeds to vegetables (cabbages, red onions and capsicum) that I am currently farming. Each sprayer costs out 22USD TOTAL for two is USD 44.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Nov 22, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

Franmiguel

Perth, Australia

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Summary

Amount repaid

$49.85

Amount remaining

$0.00

Date repaid

Dec 7, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 29, 2018 $24.93 Dec 7, 2018 $24.93
Dec 6, 2018 $24.92 Dec 7, 2018 $24.92

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