Tea farming

Cleophas Kiprotich

Nakuru, Kenya

100% 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 have acquired two hectors piece of land which I intent to extend my tea bushes. Currently I have 4500 bushes and intend to increase gradually . I will use the loan for lobour, planting and purchase of herbicides. Which will cost me approximately 300usd.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$196.43

Date disbursed

Jan 4, 2019

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $8.70

Credit risk payment: $52.21

Lenders

M

mikedufty

Perth, Australia

S

stroll

Stockholm, Sweden

AndreaBravi

London, UK, Canada

R

rmacaw

Australia

JimVandegriff

Trinidad, California, United States

H

hilde

seattle, United States

C

cyrilleberger

Gammalkil, Sweden

U

USDescartes

Columbus, OH, United States

Jason

Auckland, New Zealand

M

Michiel

Zoetermeer, Netherlands

Mikers

Netherlands

J

Joggele

Austria, Austria

H

Harry

Florida, United States

G

GS2

Germany

Joe Lamantia

Reston, Virginia, United States

DT

Dave Tyler

United States

R

Rahima

United States

BS

Brandon S

United States

RC

Rudi Chen

United States

C P

Mazatlan, Mexico

Majella

Dublin, Ireland, Canada

S

Sally

Australia

B

BSM

France

MS

Merel S

Netherlands

JF

J Fister

United States

Jeanette

Fort Worth, Texas, United States

Rosella

Australia

Jakrae

Dallas, TX, United States

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