Buy farm inputs for resale in my new agrovet shop
Joel
Njoro Town, Kenya
100% repaid
Entrepreneur
Name
Joel
Member since
June 2014
On-time repayments
200 installments • 88%
About Me
I`m Joel Kandie,yet to marry.I come from a family of 7 children.I`m horticulturalist by profession having pursued a barchelors degree course in horticulture. Currently I`m employed with Hangzhou Agrochemical Industries East Africa LTD. I want to expand my part time investment which I started by constructing a greenhouse in my area then later started an agrovet shop for selling farm inputs and agrochemicals. I like working with charitable organizations in my community. I also like reading inspirational books like ``Understanding your potential by the late Dr. Myles Munroe`` that help uplift my motivational norm. I would like to be an employer in the future and help create employment opportunities to both graduates and non graduates.
Currently part time business builder.
My Business
It is now more than two years since I started my Agrovet shop where I sell various agricultural farm Inputs and equipment and I am glad that it is running well.I have increased the quantity of the products I sell because of huge demand as more youths have ventured to farming thus embracing agribusiness.
Due to the fact that many youth have embraced farming I am seeking funding to buy a more stock to meet with high demand for farm inputs.By providing steady supply of Farm inputs to farmers, I will have created confidence with them enabling me have an advantage over my competitors.My vision is to empower many jobless youth to embrace farming hence eradicating poverty.
.I project the net profit to rise by approximately 20% after the stock increase which I will reinvest in growing the business.
Kindly support futuristic dream.
Loan Proposal
I will buy agricultural products such as farm equipments, farm inputs and agrochemicals. I plan to secure the shop with $ 60, invest $150 in buying variety of farm equipments, spend $290 in purchasing farm inputs and agrochemicals. I will have created more opportunity because one more person whom I shall employ to man my shop. I will have helped my community from traveling 50km away to buy the same products. I will also commit my time to train the local farmers which was not the case in previous sellers.
Because my shop shall be close to farmers, I will enjoy monopoly and prepare myself for any competition in the future.
Therefore, my projection of return is $ 120 per month till I stabilize. I look forward to make it increase monthly by improving my services and sustaining existing customers.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$432.00
Date disbursed
Jul 17, 2015
Repayment status
On Time
Projected term
5 months
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