Buying fertilizer for my farm

Joshua

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Joshua

Member since

June 2015

On-time repayments

105 installments  •  84%

About Me

I am Joshua Mkara. I was born in Uasin Gishu County,in Eldoret ,kamukunji Estate in 1976.As usual, i started my elementary education in Kamukunji in a government school.
There were little hurdles along the way but finally i managed to finish class eight. I was supposed to proceed to secondary school even though i did not manage. I was born amongst many children and therefore my parents were not in a position to fund the education of all of us.Apart from the inadequacy of the finances,in my culture ,only the first born has a right to receive support from the parents.I therefore resorted to seeking employment in the local milk textile industry.

I have engaged in active employment for seven year .I then decided to run a small retail shop and do little farming from the savings i had . I have now decide to venture into large scale farming.
I also run itinerary shop that will also contribute partly to the funding of this farming venture. The reason why i do this is to cusson my daily family needs that cannot wait for the quarterly harvest of maize.Currently i have who are ding well in their education and they intend to do medicine in the University when they grow up.

My hobby is reading books and travelling . I also like watching movies and football.

My Business

Given that I hail from a farming background,i do farming as an agribusiness for food security and selling. since i have inherited five acres from my grandfather,i will not need to lease land.
i intend to do maize farming in this parcel of land.Maize being a staple food in this place,it has a high demand .Virtually in every household, maize is consumed on a daily basis.Some people boil maize mixed with beans to eat,others grind it into flour and used to make bread,Others roast maize or boil it while still in the cobs and it is eaten raw.
I chose to plant maize to provide food security to the community around. Maize is also easy to manage because it does need heavy rainfall and alot of farming inputs.
The costs that i will incur in maize planting include the following:

Cost of ploughing -10000
Seed(40kg)@400 -16000
Fertilizer -4000
Top dressing -8000
Harvesting cost -10000
Total -50000.

The total amount for this endeavor is 50000,this is an extra of about twelve thousand that i will fund my savings from the previous endeavors.

The proceeds from this venture will be spent as follows: Payments of the school fees for my kids ,taking care of my parents who depend on me entirely,reinvesting in the next seasons farming

Loan Proposal

when I given this loan amount then I will be able to buy 5 bags of farm fertilizers for my farm at the cost of 190 Dollars.
This will really improve my farm by good yield and good harvest this year .
This also will motivate my farm workers because they will get their pay well when the harvest is plenty in a year.
I expect double harvest which is double income and that is 50% increase in just one year.
Thanks so much in advance for considering to lend me again/

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$194.00

Date disbursed

May 19, 2016

Repayment status

On Time

Projected term

6 months

Lenders

dlpringle

Denver, United States

Matching Fund

Sterling, United States

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

Jeremy

Washington State, United States, United States

PG

Paul Graham

United States

wissam

Jeddah, Saudi Arabia

A

Andrei

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

RG

Ryan Gough

United States

A

Anonymous

United States

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Summary

Amount repaid

$203.70

Amount remaining

$0.00

Date repaid

Nov 20, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 29, 2016 $4.06 May 29, 2016 $4.06
Jun 5, 2016 $4.06 Jun 14, 2016 $4.06
Jun 12, 2016 $4.06 Jun 14, 2016 $4.06
Jun 19, 2016 $4.06 Jun 19, 2016 $4.06
Jun 26, 2016 $4.06 Jun 19, 2016 $4.06
Jul 3, 2016 $4.06 Jul 3, 2016 $4.06
Jul 10, 2016 $4.06 Jul 3, 2016 $4.06
Jul 17, 2016 $4.06 Jul 10, 2016 $4.06
Jul 24, 2016 $4.06 Jul 24, 2016 $4.06
Jul 31, 2016 $4.06 Jul 24, 2016 $4.06
Aug 7, 2016 $4.06 Aug 14, 2016 $4.06
Aug 14, 2016 $4.06 Aug 14, 2016 $4.06
Aug 21, 2016 $4.06 Aug 21, 2016 $4.06
Aug 28, 2016 $4.06 Sep 4, 2016 $4.06
Sep 4, 2016 $4.06 Sep 4, 2016 $4.06
Sep 11, 2016 $4.06 Sep 17, 2016 $4.06
Sep 18, 2016 $4.06 Sep 17, 2016 $4.06
Sep 25, 2016 $4.06 Sep 17, 2016 $4.06
Oct 2, 2016 $4.06 Sep 17, 2016 $4.06
Oct 9, 2016 $4.06 Sep 17, 2016 $4.06
Oct 16, 2016 $4.06 Sep 17, 2016 $2.03
Oct 30, 2016 $2.03
Oct 23, 2016 $4.06 Oct 30, 2016 $4.06
Oct 30, 2016 $2.03 Oct 30, 2016 $2.03
Nov 6, 2016 $0.00
Nov 13, 2016 $40.59 Nov 13, 2016 $40.59
Nov 20, 2016 $71.77 Nov 20, 2016 $71.77

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