Zidisha loan will partly help me pay for tea seedlings as well as expand my business of printing and cyber services
Cheruiyot
Bomet, Kenya
100% repaid
Entrepreneur
Name
Cheruiyot
Member since
January 2014
On-time repayments
47 installments • 60%
About Me
Having completed my university education recently I have found it somehow difficult to get a white collar job hence the need to start a small business as well farming. Zidisha loan will help me a great deal to get capital for this initiative. Am fortunate to have a supportive family and they are willing to help me every step of the way in achieving my dreams of financial independence and stability. Agriculture is the main economic activity in my area. This is due to several factors ranging from favorable weather conditions to readily available markets. other factors include good soil, availability of water etc.
My Business
Am a tea farmer. I have one acre land under tea bushes. I sell tea leaves to James Finlay Company. The company deals mainly with tea processing n packaging. They pay me on a monthly basis. My monthly payments range from Ksh 7,000 to Ksh 12,000 depending on the international market price. They keep fluctuating due to,among other issues, political upheavals, Financial crisis etc. Like any other venture, I do have challenges, for example, long droughts, frost attack etc. Due to this unforeseen n unpredictable circumstances I have felt the need to diversify my investments to include small businesses like M-pesa, n printing services to supplement payments I get from farming.
Loan Proposal
Zidisha loan will help me supplement my capital in order to start an M-pesa business as an agent. The rest of the money will be used to buy printing, scanning and photocopying devices as well as computers and their accessories since I want to start a cyber. The benefit it will create will include employment, since I wouldn't b able to operate both businesses hence the need to employ people to help me, generate income, make profits etc.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 12, 2014
Repayment status
On Time
Projected term
10 months
Lenders
Montreal, Canada
Summary
Amount repaid
$158.80
Amount remaining
$0.00
Date repaid
Jan 10, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 20, 2014 | $3.45 | Feb 20, 2014 | $3.45 |
| Feb 27, 2014 | $3.45 | Feb 20, 2014 | $3.45 |
| Mar 6, 2014 | $3.45 | Mar 28, 2014 | $3.45 |
| Mar 14, 2014 | $3.45 | Mar 28, 2014 | $3.45 |
| Mar 21, 2014 | $3.45 | Mar 28, 2014 | $3.45 |
| Mar 28, 2014 | $3.45 | Mar 28, 2014 | $3.45 |
| Apr 4, 2014 | $3.45 | Mar 28, 2014 | $0.33 |
| Apr 30, 2014 | $2.94 | ||
| May 14, 2014 | $0.18 | ||
| Apr 11, 2014 | $3.45 | May 14, 2014 | $3.45 |
| Apr 18, 2014 | $3.45 | May 14, 2014 | $3.45 |
| Apr 25, 2014 | $3.45 | May 14, 2014 | $3.45 |
| May 2, 2014 | $3.45 | May 14, 2014 | $3.45 |
| May 9, 2014 | $3.45 | May 14, 2014 | $3.45 |
| May 16, 2014 | $3.45 | May 14, 2014 | $3.45 |
| May 23, 2014 | $3.45 | May 14, 2014 | $2.67 |
| Jun 10, 2014 | $0.78 | ||
| May 30, 2014 | $3.45 | Jun 10, 2014 | $3.45 |
| Jun 6, 2014 | $3.45 | Jun 10, 2014 | $3.45 |
| Jun 13, 2014 | $3.45 | Jun 10, 2014 | $3.45 |
| Jun 20, 2014 | $3.45 | Jun 10, 2014 | $0.65 |
| Jul 15, 2014 | $2.80 | ||
| Jun 27, 2014 | $3.45 | Jul 15, 2014 | $3.45 |
| Jul 4, 2014 | $3.45 | Jul 15, 2014 | $3.45 |
| Jul 11, 2014 | $3.45 | Jul 15, 2014 | $2.07 |
| Jul 17, 2014 | $1.38 | ||
| Jul 18, 2014 | $3.45 | Jul 17, 2014 | $3.45 |
| Jul 25, 2014 | $3.45 | Jul 17, 2014 | $0.47 |
| Aug 10, 2014 | $2.98 | ||
| Aug 1, 2014 | $3.45 | Aug 10, 2014 | $3.45 |
| Aug 8, 2014 | $3.45 | Aug 10, 2014 | $3.45 |
| Aug 15, 2014 | $3.45 | Aug 10, 2014 | $1.89 |
| Sep 12, 2014 | $1.55 | ||
| Aug 22, 2014 | $3.45 | Sep 12, 2014 | $3.45 |
| Aug 29, 2014 | $3.45 | Sep 12, 2014 | $3.45 |
| Sep 5, 2014 | $3.45 | Sep 12, 2014 | $3.45 |
| Sep 12, 2014 | $3.45 | Sep 12, 2014 | $3.45 |
| Sep 19, 2014 | $3.45 | Sep 12, 2014 | $2.31 |
| Oct 13, 2014 | $1.14 | ||
| Sep 26, 2014 | $3.45 | Oct 13, 2014 | $3.45 |
| Oct 3, 2014 | $3.45 | Oct 13, 2014 | $3.45 |
| Oct 10, 2014 | $3.45 | Oct 13, 2014 | $3.45 |
| Oct 17, 2014 | $0.18 | Oct 13, 2014 | $0.18 |
| Oct 24, 2014 | $0.00 | ||
| Oct 31, 2014 | $0.00 | ||
| Nov 7, 2014 | $4.59 | Oct 13, 2014 | $0.11 |
| Nov 13, 2014 | $4.48 | ||
| Nov 14, 2014 | $4.59 | Nov 13, 2014 | $4.59 |
| Nov 21, 2014 | $4.59 | Nov 13, 2014 | $0.34 |
| Jan 10, 2015 | $4.25 | ||
| Nov 28, 2014 | $4.59 | Jan 10, 2015 | $4.59 |
| Dec 5, 2014 | $4.59 | Jan 10, 2015 | $4.59 |
| Dec 12, 2014 | $4.59 | Jan 10, 2015 | $4.59 |
| Dec 19, 2014 | $4.59 | Jan 10, 2015 | $4.59 |
| Dec 26, 2014 | $4.59 | Jan 10, 2015 | $4.59 |
| Jan 2, 2015 | $4.59 | Jan 10, 2015 | $4.59 |
| Jan 9, 2015 | $0.13 | Jan 10, 2015 | $0.13 |
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