Entrepreneur
Name
Michael
Member since
February 2015
On-time repayments
120 installments • 48%
About Me
My grandmother sponsored my education from primary school to Secondary school because my parents were not available. During my post secondary education, I worked as photographer to support my education.
Apart from my main job as agriculturist, I sell quality hybrid coconut seedlings to farmers as I share technical knowledge with them.
My children want to become health workers in future.
My hobbies are swimming and helping of the needy people and music.
My Business
I work as cocoa, plantain and coconut farmer. The cocoa beans and coconut fruits have ready market and fixed produce price. I decided to farm in order to practice the knowledge acquired in school.
My typical cost emanate from hiring of farm labour, purchasing of agro inputs, farm implement and means of transport to farm. I get my revenue from my salary, and sale of farm produce, cocoa beans.
I use the profit to support my childrens education, reinvestment into my farm business and helping other needy people especially, renewing of their health insurance for them.
Loan Proposal
I will use the loan to purchase brushcutter to enable me control the weeds in my farm effectively and efficiently. It is very expensive to hire labour for weed control in the area where my farm is located. I will relieved when purchased the brushcutting machine
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$107.00
Date disbursed
Jul 14, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Devon, United Kingdom
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Summary
Amount repaid
$120.75
Amount remaining
$0.00
Date repaid
Aug 30, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 26, 2015 | $23.00 | Jul 26, 2015 | $23.00 |
| Aug 2, 2015 | $23.00 | Aug 2, 2015 | $23.00 |
| Aug 9, 2015 | $23.00 | Aug 9, 2015 | $23.00 |
| Aug 16, 2015 | $23.00 | Aug 16, 2015 | $5.75 |
| Aug 23, 2015 | $17.25 | ||
| Aug 23, 2015 | $23.00 | Aug 23, 2015 | $5.75 |
| Aug 30, 2015 | $17.25 | ||
| Aug 30, 2015 | $5.75 | Aug 30, 2015 | $5.75 |
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