Buying water melon seeds for new planting season

Amos

Voi, Kenya

Expired

$167 to go

30% funded of $238 goal

0

days left

Entrepreneur

Name

Amos

Member since

January 2015

On-time repayments

181 installments  •  65%

About Me

My name is Mwanose Amos,,,,i grew up in a shanty village of mghange village in sagalla location,voi sub county.i went to sagalla primary school .later i joined mwakichuchu sec from form 1 to form 4. i ventured into farming so as to get money that will act as a get pass to further my studies.i like reading alot...and my desire is to get more education from the one i posses.

My Business

My business is all about Agro business.i have concentrated much with planting maize tomatoes and onions. The vegetables that i grow are in higher demand since the target clients and consumers do not have access to these products due to poor rain fall and lack of enough land to do farming.i chose this business because it required little capital to start with and there is ready market for the products.The typical costs runs from 25000 to 35000 and the revenue is close to 55000 to 60000 depending on demand and market price.i use the profits to grow my business and also home improvements.

Loan Proposal

Am planning to use this loan to buy water melon seeds that i will use to plan on my farm.the following is my proposed budget on how i will use this loan;
Buying seeds=140usd
Buying pesticide=50usd planting
Buying pestcide=50usd spraying afterflowering
Total =240 USD That totals to to 24,000ksh
Estimated profit margin will be 180 usd minus cost.
i will use the loan to lease another acre and part of it i will pay school fee of my brother who is joining college next year.
i will be gratefull if i get this loan.Thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Amount requested

$238.00

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