Buy more fertilizer/hire skilled labour

Steve

Gem Rae, Kenya

Funds disbursed

$0 to go

100% funded of $55 goal

0

days left

Entrepreneur

Name

Steve

Member since

July 2017

On-time repayments

21 installments  •  14%

About Me

Hi Lenders.Am a Kenyan Citizen by birth. An economics and statistics graduate(Egerton University).Currently undertaking an Internship programme.My family and I have been doing rice and watermelon farming for years at Ahero Irrigation scheme.The proceeds have been used to pay my school fees up to university level.Am a goal oriented person passionate about business and farming.

My Business

My proposal
I do farming as a side business .I am requesting for a loan to purchase fertilizers and hire skilled labour.Since my family do not own land I depend on leased plots to help make my farming business a reality.
A plot costing $100 can produce bags and bags of rice.I also Intend to lease more plots and in future by one acre of land .

Loan Proposal

I would use the amount to buy more fertilizers and also hire skilled labour.Rice farming requires a lot of labour.This is a drought prone area hence we depend on irrigation.I also want to use modern irrigation methods such as drip irrigation to improve yield .In future I would want to buy one acre of land with this loan.Am looking forward to your partnership and support. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$55.00

Date disbursed

Oct 1, 2017

Repayment status

Late

Projected term

2 months

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