Entrepreneur
Name
Timothy
Member since
February 2016
On-time repayments
53 installments • 77%
About Me
I am 24 years old graduate from Egerton university with degree in general agriculture, I am the second born in a family of 8 children ,I grew up in hardship as my parents were peasant farmers.
I started practising banana farming after working in a neighbors farm, He was making good money from his farm andwhen I requested him to help me set up my farm he was much will,I prepared an acre piece of land and started off. after one year the crops started fruiting and they give me good weekly income,I also practice vegetable farming to supplement my income from banana farming.
The terrain in our land is hilly and we receive enough rain to support farming and during dry seasons we do irrigation too.
I like football and I am a coach of our youth team. During my free time I watch football with friends and visit upcoming farmers for mentorship programme.
My Business
I am a small scale mixed farmer, i grow banana as the main crop and supplement it with vegetable farming.
The demand for the bananas is high and traders always place orders,once the bananas are ready I call them to pick them,I am expanding my farm so that i can meeting the increasing demand.
I choose banana farming because it requires less care compared to other crops,grows fast and the profits are good.
my monthly typical costs are $150 for taking care of the farm and my monthly revenues per month are $370 per month.
I use the proceeds from the farm for farm expansion and to support my family through food and fees payment.
Loan Proposal
due to changing climatic conditions ,there is need to improve my water storage mechanism for efficient supply and running of the farm during dry season. I am therefor kindly asking for a loan to facilitate purchase of a water tank at $600 .I would top up the loan using my savings. Asante sana
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Loan Info
Project Type
Classic Loan
Disbursed amount
$383.00
Date disbursed
Aug 31, 2016
Repayment status
Late
Projected term
60 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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