A new shaff cutter

Eric

Karatina, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Eric

Member since

April 2017

On-time repayments

90 installments • 79%

About Me

Am a gentleman aged 42yrs.am a graduate.my childhood was difficult as my parents divorced when I was 5yrs.I struggled throughout my education life but hard determination has enabled me to make ends meet,marry,raise a family and am educating my 2, sons.the going has not been easy but hard work pays.last month we welcomed our 3rd born.he is a girl.we are soo happy n have doubled our effort in order to cater for th family needs

My Business

I am a farmer:main crop is bananas,I rear daily cows and chickens for milk and eggs for sale.I sell milk and eggs in Karatina town,bananas are collected at the farm my traders.the farming has enabled me meet my daily needs plus educate my 2 sons.I make ksh25000 to sh30,000 a month.am looking for ways to expand my farming business in order to increase profit.I have decided to start banana ripening at the farm in order to diversify and maximise profit.

Loan Proposal

am requesting for this loan to enable me buy a new shaff cutter.my shaff cutter I was using was stolen 3 weeks ago.anew one costs $200.once I get the loan I will top up with my savings and buy the equipment.this will save me about $5 per week on labour as I will not employ a person to cut fodder manually,instead I will be doing it myself using the machine.my profit will increase by around $5 per week due to reduced labour cost.I will also be able to tend to my bananas and other chores in the farm as feeding the cows will take less time and will also not strain alot.