Bananas ripening shed

Eric Nyuguto

Karatina, Kenya

100% repaid

Entrepreneur

Name

Eric Nyuguto

Member since

April 2017

On-time repayments

68 installments  •  87%

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

construct a simple banana ripening shed that will enable me stock ripe n unripe banana and those that are in the process of ripening.this will cost me ksh 10,000/- equivalent of of $100.am projecting a profit of ksh5,000 every month= $50.I will be selling the ripe bananas to local traders in bulk(wholesale).to start with I will ripen the bananas from my farm.if the demand rises,I can be buying unripe bananas,ripen them and sell at a profit

Feedback

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  • Jane    Jul 14, 2017

    Great job Eric! Fully repaid and early !

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$4.98

Date disbursed

May 31, 2017

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $0.21

Lenders

MarktheMormon

Sandy, Utah, United States

Jane

California, United States

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