Joseph
Githunguri, Kenya
100% repaid
Name
Joseph
Member since
January 2015
On-time repayments
31 installments • 35%
I am Joseph Wambugu. I grew up and studied in rural parts of Kenya except for University where i joined Kenyatta university in Nairobi for my Bachelors degree in Biotechnology. Currently ,i work as a technician with Sistema.bio biogas company company in Kiambu County in Central Kenya .My main work involves installing biogas for farmers here and troubleshoot operations. However, i am exploring ways of starting my own work at home bussiness and be my own boss. I have identified mushroom farming as the best entreprenueral activity that suits me for now. My background in biology, experience in farming and availability of free time makes me high;y suited for this role. i have started on small scale and i intend to scale up with time and move to self employment. Mushroom is a high value crop here in Kenya and i intend to cash in on the unmet demands for button Mushrooms
This is the game plan. I have set up a 10 by 10 greenhouse house for cultivating mushrooms. To shorten the process of farming mushrooms, i will buy ready substrate and spawns from established farms so that it will just take two to three weeks from incubation to harvesting time. Harvesting will continue for two months from the date of first harvest meaning that i will have a steady stream of income for two months before starting a new harvesting cycle. The inputs, spawn and substrate and labor costs are the main costs in farming mushrooms and that's the main reason I am applying for this loan. an I am looking forward for your kind support in starting this venture. Regards
This loan will enable me obtain a briqueting machine for making enviroment friendly charcoal from coffee husks. I will obtain a manual briqueting machine which is available for a cost of between 80 to a hundred dollars from Major steel fabricators in Nairobi. I will be then be sourcing raw materials.as follows ; coffee husks from coffee factories in Kiambu and Molasses from agrovet shops here. I will be making briquettes and selling them to farmers . By providing enviroment friendly charcoal, I will be playing my part in conserving the enviroment through saving trees felled for charcoal burning. The farmers around This area will also benefit as they will enjoy better quality alternate charcoal at a lower price than convectional charcoal. Generally briquettes are cheaper than ordinary charcoal because they are made from waste. I will make profit from this bussiness by ensuring i price my charcoal at a rate that will factor in cost of.production and marginal profit but certainly at a lower price than convectional charcoal dealers to ensure i have a competitive edge in the charcoal market
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Jan 27, 2015
Repayment status
On Time
Projected term
2 months
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