Buy fertilizer, cultivate maize to raise fees for university

Linda Dindi

Ekisumo Village, Nambale District, Kenya

5% repaid

Entrepreneur

Name

Linda Dindi

Member since

September 2014

On-time repayments

41 installments  •  29%

About Me

I was born in 1991in Ekisumo village, Busia district in western part of kenya. I am a third born in a family of seven. I have studied up to college level, having done my certificate (p1) in education in November 2012.
I am currently teaching in a nearby school temporarily where i earn some little money. I have also started an income earning project in agribusiness where i intend to raise fees to further my studies since my parents are unable to continue paying for my fees when my younger siblings need to continue with their studies too.
This idea struck me after tarmacking a lot in search for employment, this is where i realized that with my certificate i had to wait for at least 5 years after graduating to get a chance for employment as others who have graduated before have to be considered first.
I love reading, socializing and exploring new ideas that could change our lives and the world at large. It's because of this that i discovered zidisha, am hoping that this family will help me in both advice and finances to make my dreams a reality

My Business

Since i live in the countryside, the most viable business to undertake here had to be agriculture based, firstly because there is ready land and labour which are important factors of production. So after talking to my loving dad about my project, he offered me one and a half acre piece of land to kick start my project.
In this part of the country we are blessed because we plant 2 times a year, i began my farming project in the second half of last year. I have been planting maize on the whole piece of land since it's staple food and does well in this area.
I used $60 to plough and harrow, another $50 to purchase seeds and then $120 for labour i.e planting.
Since this is my second time to undertake this project, expected yields will be more because i will avoid the mistakes and omissions which led to a lower yield last season. This coming season i am expecting 30 bags of maize after harvesting, In the current market price of about $30 per bag, i expect about $900 as gross income less expenditure of about $350 , that will leave me with $550 in just 120days, this amount will be added to my previous savings to realize that i achieve my dreams of furthering my education from September this year.
Thanks in advance

Loan Proposal

I will buy 3 bags of fertilizer @ $44 each, for top dressing, cultivating 3 times will cost $20 each round making it $60 then the remaining $20 will be for other miscellaneous expenditure like transportation etc. Going by how the maize has germinated, and the promising weather by doing this will help me get a bumper harvest.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$232.29

Date disbursed

May 11, 2015

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $8.68

Lenders

N

nani

austin, United States

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

G

GalantnostS

Hong Kong, Hong Kong

A

alfredo

Bremen, Germany

valentin

Stockholm, Sweden

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

S

Simmo

Sydney, Australia

DeanDropshot

Oslo, Norway

EHTHighSchool

Egg Harbor Township, United States

T

Tec69200

Jacksonville, United States

Raoul72

Naarden, Netherlands

Tamanders

North Carolina, United States

A

ashtanga99

Newport, United States

BJ

Brandon Joz

North Carolina, United States

TheWhiteCat

Surrey, United Kingdom

beverly

Vancouver, Canada

phytoplankton

United States

J

jared4

parowan, United States

T

tonilends

catalonia is not:, Spain

dajawein

Gladstone, Australia

madnomad

San Francisco, CA, United States

ads68

Melbourne, Australia

P

pignolet

zurich, Switzerland

trackpal

Brighton, United Kingdom

fairspirit

Utrecht, Netherlands

T

Travtroe

Lanesboro, United States

K

kjustad

Asker, Norway

Zal0m0n

Atlantis!!!! x), Mauritania

E

E

Marin county, United States

H

Haavard

Bergen, Norway

G

GanSatya

United States

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

J

JeffH

United States

Agerfar

Aarhus, Denmark

S

SCHAC

Switzerland

Jamal Hamou

Cascadia, Canada

tricia190

Liverpool, United Kingdom

A

adamdreaming

United States

M

Mirko110775

Hamburg, Germany

S

Stephan

Netherlands

Gab

Singapore

Kostas

Montreal, Canada

TM

Theo Mbise

Switzerland

Family Mueller

Petershagen, Germany

Robert

Sweden

Greg Howard

Reno, Nv, United States

JD

Jo Dane

Melbourne, Australia

Corina King

Calgary, Canada

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Linda a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...