Entrepreneur
Name
Cherotich
Member since
January 2015
On-time repayments
236 installments • 20%
About Me
I Vilister Cherotich was born in the Nakuru County, Keringet District, Kapsimbeiwo Village.
I went to Kapsimbeiwo Primary school where I completed my KCPE, Kenya Certificate of Primary Education and Later Joined my Silbwet Secondary Education, when I completed my KCSE, Kenyan Certificate of Secondary Education, I have managed to attended College education through Farming (school based) after my parents failed to pay fees though they could be able to raise. I recently joined my driving school course which I am to complete in 2 months time. I am currently specializing in Farming only as from October 2012.
I am a married lady with one loving husband.
My Business
I am a farmer and I grow and sell potatoes in small town. I have been doing so for the last two year. The products sell very well in the town. My goods are on demands simply because they are food staffs that is essential to every household and they are really needed in daily life.
I started this after my parents failed to pay my fees and the need to be independent with my own income. Recently the potatoes failed to produce the right yield per acre. For this reason has made me to source for funding. This has created an employment opportunity for myself and other people.My quarterly cost ranges from $24 to $26 per sack (a bumper harvest can be 15 sacks per acre) $10 per day revenue.Mostly i usually get $15 per day. i need this loan so that i can buy more certified seeds for my farm and employed people to till the land which I have leased.
Loan Proposal
When I get this loan,it will help me improve on my Potato Farming project in the following ways;,
1. Buying of certified seeds estimated at 49 dollars,
2. Buying of pesticides 29 dollars
3. Insuring my crops against the cost of input 25 dollars.
Despite the fact that I still have deficit of about 10 dollars for improving farm equipments and services for my casuals, I grateful that through this small loan I will be able to see some of the following:
1. Certified seeds which increases the output value that will help me get a bigger and better market since the plants have a good quality,
2. This will also allow me to follow up my studies.
The returns will then help expand my farm by leasing more land and also employ a few people.
I feel I should be supported because I can't afford single handedly to meet full financial requirements of the farm due to the increased costs of farm inputs like fertilizer and pesticides, and the fact that I did not get a bumper harvest in the previous yields.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 16, 2015
Repayment status
On Time
Projected term
2 months
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