Entrepreneur
Name
Nkuyata Ole
Member since
September 2009
On-time repayments
24 installments • 25%
About Me
Businessman at Oloolaimutia Centre who buys small aged calves from local households and sells them just within the locality. He is married with one wife and three children, of whom one is in the top class, the other in baby class and another still young. Business profits are used to increase stock, pay school fees, buy clothing and household expenses.
My Business
He started business in the year 2003 with 3 calves of his own for he had only 6 cows and sacrificed the three to start his own business. He improved gradually and can now sell up to 15 cows a month where he can get a profit of approximatelly Ksh.35,000 (US $455) per month. He also joined Ebony (a microfinance institution) in 2008 where he was financed and increased his business.
Loan Proposal
Will use the 60,000 Kenya Shillings (US $779) to buy 6 more cattle of Ksh.10,000 (US $130) @. Will sell them weekly and a profit of Ksh 2,000 (US $26) @ i.e. Ksh.12,000 ($156) per week. All this is based on past experience.
Feedback
Positive
5
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$779.00
Date disbursed
Oct 15, 2009
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
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Summary
Amount repaid
$809.23
Amount remaining
$0.00
Date repaid
Oct 11, 2010
Status
Fully repaid
Installment amount
$67.44
Next installment
May 15, 2010
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 15, 2009 | $67.44 | Nov 15, 2009 | $67.44 |
| Dec 15, 2009 | $67.44 | Jan 6, 2010 | $67.44 |
| Jan 15, 2010 | $67.44 | Jan 17, 2010 | $67.44 |
| Feb 15, 2010 | $67.44 | Mar 5, 2010 | $67.44 |
| Mar 15, 2010 | $67.44 | May 11, 2010 | $67.44 |
| Apr 15, 2010 | $67.44 | Jun 5, 2010 | $67.44 |
| May 15, 2010 | $67.44 | Jun 10, 2010 | $41.03 |
| Jun 24, 2010 | $26.41 | ||
| Jun 15, 2010 | $67.44 | Jun 24, 2010 | $67.44 |
| Jul 15, 2010 | $67.44 | Jul 7, 2010 | $67.44 |
| Aug 15, 2010 | $67.44 | Jul 30, 2010 | $28.97 |
| Aug 3, 2010 | $38.46 | ||
| Sep 15, 2010 | $67.44 | Sep 7, 2010 | $31.54 |
| Sep 8, 2010 | $23.08 | ||
| Sep 13, 2010 | $12.82 | ||
| Oct 15, 2010 | $67.44 | Oct 11, 2010 | $28.97 |
| Oct 15, 2010 | $38.46 | ||
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