Tea planting

Wesley Korir

Kericho, Kenya

100% repaid

Entrepreneur

Name

Wesley Korir

Member since

March 2015

On-time repayments

196 installments  •  78%

About Me

I am Korir Wesley, a graduate in Bachelor of science in information technology. I have a passion in farming, I grew up in a farm and I spent most of my childhood working in our farm.

My Business

I ventured into tea seedling farming, this is after I did a research and found out that most farmers are willing and ready to plant tea but lacking the seedlings to plant. I saw a ready market and this led me into building a nursery.

Loan Proposal

I will the money to purchase more sleeves which means i will plant more seedlings. At the moment we are experiencing the long rains which is the best weather for tea planting. With this weather and the money i will get, i know will make a huge difference.
My budget is as follows
1. Sleeves----------$30
2. Labor------------$25
3. miscellaneous----$15
The cost of planting one seedling and the expenses required till maturity is approximately $0.05 and the price i expect to sell a seedling after 6 months is approximately $0.12.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$71.00

Date disbursed

May 28, 2016

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $3.55

Lenders

Dayton

Vancouver, Canada

Taylor

Memphis, United States

NS

Nielson Santana

Recife, Brazil

Anonymous

Ocoee, United States

F

Frank

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Ask Wesley a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$74.55

Amount remaining

$0.00

Date repaid

Jan 6, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 10, 2016 $14.20 Jun 10, 2016 $14.20
Jun 17, 2016 $2.03 Jun 17, 2016 $2.03
Jun 24, 2016 $2.03 Jun 24, 2016 $2.03
Jul 1, 2016 $2.03 Jul 4, 2016 $2.03
Jul 8, 2016 $2.03 Jul 9, 2016 $2.03
Jul 15, 2016 $2.03 Jul 15, 2016 $2.03
Jul 22, 2016 $2.03 Jul 22, 2016 $2.03
Jul 29, 2016 $2.03 Aug 1, 2016 $2.03
Aug 5, 2016 $2.03 Aug 6, 2016 $2.03
Aug 12, 2016 $2.03 Aug 13, 2016 $2.03
Aug 19, 2016 $2.03 Aug 21, 2016 $2.03
Aug 26, 2016 $2.03 Sep 2, 2016 $2.03
Sep 2, 2016 $2.03 Sep 9, 2016 $2.03
Sep 9, 2016 $2.03 Nov 1, 2016 $2.03
Sep 16, 2016 $2.03 Nov 1, 2016 $2.03
Sep 23, 2016 $2.03 Nov 1, 2016 $2.03
Sep 30, 2016 $2.03 Nov 1, 2016 $2.03
Oct 7, 2016 $2.03 Nov 1, 2016 $2.03
Oct 14, 2016 $2.03 Nov 1, 2016 $2.03
Oct 21, 2016 $2.03 Nov 1, 2016 $2.03
Oct 28, 2016 $2.03 Nov 1, 2016 $2.03
Nov 4, 2016 $2.03 Nov 1, 2016 $2.03
Nov 11, 2016 $2.03 Nov 1, 2016 $2.03
Nov 18, 2016 $2.03 Nov 28, 2016 $2.03
Nov 25, 2016 $2.03 Nov 28, 2016 $2.03
Dec 2, 2016 $2.03 Nov 28, 2016 $1.01
Dec 17, 2016 $1.01
Dec 9, 2016 $2.03 Dec 17, 2016 $2.03
Dec 16, 2016 $2.03 Dec 17, 2016 $2.03
Dec 23, 2016 $2.03 Dec 17, 2016 $1.01
Jan 6, 2017 $1.01
Dec 30, 2016 $2.03 Jan 6, 2017 $2.03
Jan 6, 2017 $1.52 Jan 6, 2017 $1.52

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