Entrepreneur
Name
Rapela
Member since
February 2015
On-time repayments
206 installments • 69%
About Me
My name is Rapella Odippo. I am 30years old, a Kenyan Citizen, living in Kitale Town. I come from a family of six, three brothers and one sister and I am the third born. I am a university graduate from Egerton University with a degree in Manufacturing Engineering. As it might be, it is quite difficult to get a well paying job in that sector, or in any sector for that matter. I graduated in the year 2010 but to date i have only managed to get small jobs here and there, some on short contracts. I also have skills in IT and that is what landed me at my last job. It was not well paying but i managed to save some good amount for over a period of two years. At least finally i had some small amount of money start me off in my business venture. I have a passion for agriculture. This is something i have wanted to do since my childhood and that is why i decided to venture into farming. I have done both animal and crop farming before. I have kept chicken especially the layers, i have rared sheep and goats, planted kales, carrots, cabbages and some other various vegetables. That is why i decided to go back to it, as it is something i know i can dedicate my time and resources. I have a sizable piece of land where i have already constructed a chicken house and the rest i have planted vegetables and watermelons. It is this passion that i have turned into a business venture that I want to finance and push it to be the best business of its kind in the region. My dream is to develop this into a sustainable source of income for me and even to create employment for other. Furthermore, I also have a keen interest in graphic design which i have already ventured in, thanks to the last loan. This is the area in which am building now since my chicken business is stable and can stand and run on its own.
My Business
My Business
My business is called Kikai Graphics. It is a design and graphics business where we make logos, banners and other promotional materials for my clients. I diversified in this area of business because it is one of my passions. In my previous loans, I started a chicken business which has proven to be very successful and is now running on its own. All my energy is now in the growth of Kikai Graphics. The very last loan enabled me to furnish the interior and get some equipment to start me off. This however was not enough to complete the whole job, especially the interior. The business is currently doing well, within the limitations that it has. However it has a potential to shoot up and compete comfortably with its competitors in the market. This can however be achieved only with improvement in my equipment and the acquisition of some new improved ones.
Loan Proposal
With a loan of $ 277.5, I will buy 250 one day old chicks for my new chicken house that I just finished constructing. Theses are all table birds. Each chick is sold at $ 1.11. The grown up birds sell at a rate of $ 8.5. Since I already have two existing houses stocked with chicken, I can manage to repay the loan at a rate of$ 1.5 per week by selling the already existing chicken. This will leave me with enough money for personal use and for further growth of my farm, since I need to build two more chicken houses to achieve my target for this year. With the three chicken houses up and running, I am projecting a great increase in my weekly gross income to about $85
Feedback
Positive
3
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$249.00
Date disbursed
Aug 3, 2015
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$260.20
Amount remaining
$0.00
Date repaid
Nov 3, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 16, 2015 | $15.00 | Aug 16, 2015 | $15.00 |
| Aug 23, 2015 | $15.00 | Aug 16, 2015 | $4.00 |
| Aug 23, 2015 | $11.00 | ||
| Aug 30, 2015 | $15.00 | Aug 31, 2015 | $15.00 |
| Sep 6, 2015 | $15.00 | Sep 8, 2015 | $15.00 |
| Sep 13, 2015 | $15.00 | Sep 15, 2015 | $15.00 |
| Sep 20, 2015 | $25.00 | Sep 20, 2015 | $25.00 |
| Sep 27, 2015 | $25.00 | Sep 29, 2015 | $25.00 |
| Oct 4, 2015 | $25.00 | Oct 4, 2015 | $25.00 |
| Oct 11, 2015 | $25.00 | Oct 13, 2015 | $25.00 |
| Oct 18, 2015 | $25.00 | Oct 24, 2015 | $25.00 |
| Oct 25, 2015 | $25.00 | Oct 26, 2015 | $25.00 |
| Nov 1, 2015 | $35.20 | Nov 3, 2015 | $35.20 |
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