Bicycle for transportation

Simon

Migosi, Kenya

Funds disbursed

$0 to go

100% funded of $125 goal

days left

Follow Simon

How it Works

Entrepreneur

Name

Simon

Member since

August 2015

On-time repayments

6 installments • 0%

About Me

I am Simon a first born in the family of five children. I managed to finish my primary education and joined a local secondary school for secondary education but didi not complete due to lack of school fees. I dropped at my final year and resorted to casual farm work at a neighbors farm.
I worked on the farm for three years with a pay of $40 per month.With my savings and knowledge I had gained as farm hand . I decided to quit and start my own business. I started by cultivating half an acre land and planted tomatoes and cabbages. I sold them off to customers from town but later learnt I could make more many if I took my vegetables to town myself. I have since established my farm and my customer base and The business is doing well,though I lack funds for expansion.
I have on child who is now 8 months old .I love her so much and work hard to give her the best life.
I am a soccer fun and a coach to my youth team . We played up to semi-finals level last season and I am looking forward to take my team upto finals and win the trophy these season.

My Business

I am a medium scale commercial farmer and I grow vegetables in my farm. I sell the vegetables to schools,individuals and hotels in town. the demand for the vegetables is relatively large throughout the year but higher during the dry seasons.
The high demand for my goods can be attributed to climatic change that has made production very costly int terms of irrigation and fertilizers since soils are worn out.
I choose the farming business because I had experience in crop production and market trends and managing the business was easier.
I use an average $140 per month as production cost in the farm and my montly revenue average is $300.
I use the proceeds from the business to reinvest in the ,farm,pay my bills and help my parents.

Loan Proposal

Hello lenders,I wish to borrow $125 loan that I would use to invest in my agribusiness through purchase of bicycle that I would use to supply hotels and school nearby. The bicycle would cost me $120 and I will add the balance from my savings. The bicycle would help me save $90 per month that I spend on transportation. These would increase my revenues and help my business to expand . Thank you