Name
Simple
Member since
September 2018
On-time repayments
131 installments • 60%
My name is Simple Simon Macharia, an IT guy with great interest in agriculture. I am passionate about technology and agriculture. 12 years ago, I realised that my salary is not the way to financial independence and decided to venture into business. I started off with a small cyber cafe and computer repair business where i employed 2 people. A few years later, was able to venture into distributing internet service via wireless networks. I ran the business for around 7 years while still attending college but later sold the business to fund college and restrategise after the birth of my first son. I also got a full time job in a small telecommunications company but the desire to be in business still consumed me.I then decided to venture into farming with a focus on poultry keeping after realising the huge deficiency in supply of eggs and meat presented a business oportunity.
I have a full time job as a network engineer but my business is farming. I have a small farm in Embu, Kenya where I keep a few goats and cows, grow sunflower and raise chicken. I currently have 650 layers and looking to grow the number to 2000 by end of the year. In addition to the layers, i have about 35 goats and 4 cows under the care of 2 hired farmhands. Due to the huge demand for eggs, i buy eggs from other farmers to add to the 120 trays of eggs that we produce in a week. I currently sell 300 trays a week and the demand is still high so i still need to add more chicken.
This loan will go to the purchase of iron sheets. The previous loan was for the purchase of lumber and the next loan will go to the purchase of mesh floors. The profits from the current laying eggs are currently going to loan repayments and other expenses but in December, they will also be used for the purchase of day old chicks.
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$202.00
Date disbursed
Oct 24, 2019
Repayment status
On Time
Projected term
6 months
Other loans
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Amount repaid
$202.89
Amount remaining
$0.00
Date repaid
Apr 17, 2020
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 4, 2019 | $33.82 | Nov 4, 2019 | $33.82 |
Nov 11, 2019 | $33.82 | Nov 11, 2019 | $33.82 |
Nov 18, 2019 | $33.82 | Nov 18, 2019 | $33.82 |
Nov 25, 2019 | $33.82 | Nov 25, 2019 | $33.82 |
Dec 2, 2019 | $19.71 | Jan 1, 2020 | $19.71 |
Dec 9, 2019 | $0.00 | ||
Dec 16, 2019 | $0.00 | ||
Dec 23, 2019 | $0.00 | ||
Dec 30, 2019 | $0.00 | ||
Jan 6, 2020 | $4.93 | Jan 14, 2020 | $4.93 |
Jan 13, 2020 | $4.93 | Jan 14, 2020 | $4.93 |
Jan 20, 2020 | $4.93 | Jan 20, 2020 | $4.93 |
Jan 27, 2020 | $4.93 | Jan 27, 2020 | $4.93 |
Feb 3, 2020 | $0.00 | ||
Feb 10, 2020 | $0.00 | ||
Feb 17, 2020 | $2.96 | Mar 5, 2020 | $2.96 |
Feb 24, 2020 | $2.96 | Mar 5, 2020 | $2.96 |
Mar 2, 2020 | $2.96 | Mar 5, 2020 | $2.96 |
Mar 9, 2020 | $2.96 | Mar 11, 2020 | $2.96 |
Mar 16, 2020 | $2.96 | Mar 30, 2020 | $2.96 |
Mar 23, 2020 | $0.00 | ||
Mar 30, 2020 | $2.96 | Mar 30, 2020 | $2.96 |
Apr 6, 2020 | $2.96 | Apr 7, 2020 | $2.96 |
Apr 13, 2020 | $2.96 | Apr 17, 2020 | $2.96 |
Apr 20, 2020 | $2.96 | Apr 17, 2020 | $2.96 |
Apr 27, 2020 | $1.59 | Apr 17, 2020 | $1.59 |
nicole Jul 1, 2021
nicole Aug 17, 2020
guenter Oct 23, 2019
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