Entrepreneur
Name
Melvin
Member since
October 2020
On-time repayments
36 installments • 28%
About Me
I Melvin Kirwa born in 1999 and a form four leaver joined zidisha to be able to raise a loan for business farming. I deal with sheep and chicken and do hope your support will enable me scale heights
My Business
My business involves rearing sheep and chicken for sale and use the proceeds to buy new stock of sheep and chicken. My target market is butchery owners, households nearby, Hotels among others. I therefore wish to expand the same and request your support. I weekly sale 20 heads of kukus at an average price of Ksh 600 to Ksh 800 hence my weekly sales is around Ksh 12,000 to Ksh 16,000 and the profit Margins range from Ksh 6,000 to Ksh 8,000.
Loan Proposal
My business entails sheep and poultry farming at a go where I purchase cheaply then after some time I dispose them with a profit of around Ksh 200 to Ksh 400 depending on demand and negotiation power and then go buy new stock and wait for sometime then dispose again . The margins between sell and buy is my margins
Income Source
They are various risks in business such as diseases, drought among others however the outbreak of covid19 has been so critical but we are adapting to the new situations by ensuring that we follow government of Kenya directions in combatting the disease
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Oct 22, 2020
Repayment status
Late
Projected term
8 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$7.06
Amount remaining
$170.90
Expected completion
Jul 7, 2021
Status
Repaying late
Installment amount
$8.90
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 4, 2020 | $1.39 | Nov 11, 2020 | $0.48 |
| Nov 16, 2020 | $0.92 | ||
| Nov 11, 2020 | $0.00 | ||
| Nov 18, 2020 | $0.47 | Nov 16, 2020 | $0.47 |
| Nov 25, 2020 | $0.47 | Nov 16, 2020 | $0.45 |
| Nov 29, 2020 | $0.02 | ||
| Dec 2, 2020 | $0.47 | Nov 29, 2020 | $0.45 |
| Dec 18, 2020 | $0.02 | ||
| Dec 9, 2020 | $0.47 | Dec 18, 2020 | $0.45 |
| Dec 19, 2020 | $0.02 | ||
| Dec 16, 2020 | $0.47 | Dec 19, 2020 | $0.47 |
| Dec 23, 2020 | $0.47 | Jan 1, 2021 | $0.47 |
| Dec 30, 2020 | $0.49 | Jan 10, 2021 | $0.49 |
| Jan 6, 2021 | $0.46 | Jan 30, 2021 | $0.46 |
| Jan 13, 2021 | $0.00 | ||
| Jan 20, 2021 | $0.00 | ||
| Jan 27, 2021 | $0.00 | ||
| Feb 3, 2021 | $0.49 | Feb 12, 2021 | $0.49 |
| Feb 10, 2021 | $0.00 | ||
| Feb 17, 2021 | $0.50 | Mar 2, 2021 | $0.50 |
| Feb 24, 2021 | $0.46 | Apr 1, 2021 | $0.46 |
| Mar 3, 2021 | $0.00 | ||
| Mar 10, 2021 | $0.00 | ||
| Mar 17, 2021 | $0.00 | ||
| Mar 24, 2021 | $0.00 | ||
| Mar 31, 2021 | $8.90 | Jun 5, 2021 | $0.46 |
| Apr 7, 2021 | $8.90 | ||
| Apr 14, 2021 | $8.90 | ||
| Apr 21, 2021 | $8.90 | ||
| Apr 28, 2021 | $8.90 | ||
| May 5, 2021 | $8.90 | ||
| May 12, 2021 | $8.90 | ||
| May 19, 2021 | $8.90 | ||
| May 26, 2021 | $8.90 | ||
| Jun 2, 2021 | $6.85 | ||
| Jun 9, 2021 | $6.85 | ||
| Jun 16, 2021 | $6.85 | ||
| Jun 23, 2021 | $6.85 | ||
| Jun 30, 2021 | $6.85 | ||
| Jul 7, 2021 | $57.00 | ||
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