Complete lease, buy materials for expansion into maize planting

Damson Barasa

Mumias, Kenya

100% repaid

Entrepreneur

Name

Damson Barasa

Member since

January 2015

On-time repayments

26 installments  •  46%

About Me

My name is Damson Barasa. I was born to Mr. John Barasa and the late Sarah Baraza,who I never got a chance to see,I am told she passed on while giving birth to me,may she rest in piece. I am the last born in a family of 6. I schooled upto O-level at Mundika Boys secondary school.
I started keeping rabbits while in secondary school to cater for my expenses,because my parents dad could not afford my school fees. I kept rabbits in small scale and could sell them to buy books and pens incase dad had no money . After secondary school ,a friend lend me $30 that i used to build a bigger house and expand my business. The business has slowly expanded and i currently have 34 rabbits though my aim is 300 rabbits.
I come from luhya community,our culture include traditional dancing and singing.
I am a soccer player and during my free time i join my friends to play.I also dedicate some time to visit those with various problems orphans,sick and old just to talk and motivate them.

My Business

I am a rabbit keeper,currently I have 34 rabbits. I generate revenues through sell of rabbits ,manure and urine.
Most rabbits waste provide very good manure and I use it in my small vegetable farm and also sell to organic farmers . The rabbit meat is preferred by most people who dont like red meat and the demand has steadily risen over the years.
I choose this business because i had experience in rabbit keeping and had ready market for the them.
I spend 50 dollers on average and get 200 dollers in a good month from the sales. I use my profits to pay fees for niece,save to reinvest and support our family general upkeep.

Loan Proposal

Honorable lenders
I hope you are doing well,I am so glad to present to you my second loan request, I am a rabbit farmer from Mumias Kenya.Rabbit farming is really doing well and I would now like to venture into maize farming as it is really profitable this sides.
I sold rabbits last week and got $550 ,I used the money to pay for lease of 2 acres of land at $350 for two years ( paid deposit of $300) . I used the balance $35o for land preparation.
Planting season is around the corner and I am requesting for $195 loan to clear up the balance of lease $50 and buy fertilizer and seeds @$150. I would really appreciate your kind and quick support so that I am able to plant on time. Thank you and nice time.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.65

Date disbursed

Mar 30, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.39

Lenders

investor

Candiac, Canada

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

BJ

Brandon Joz

North Carolina, United States

R

rmacaw

Australia

ads68

Melbourne, Australia

8

8chrono8

London, United Kingdom

W

wally

Torino, Italy

Zal0m0n

Atlantis!!!! x), Mauritania

Inspire

Calgary, Canada

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

D

duncanb

United Kingdom

K

Kber9156

North Parramatta, Australia

mepster

San Francisco, Ca, United States

M

Microfinance

United States

S

sarahb

United States

utdream

United States

M

M.Umar

Pakistan

KM

Kirsty M

United Kingdom

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  • YP    Jul 6, 2015

    Hello Damson,
    I hope the farm is going well. Can you please give us an update on your repayments? Thank you.

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  • Damson Barasa    May 18, 2015

    I am so thankful to you lenders and zidisha team for the financial and moral support you have given me these far in my business endeavors. It takes a kind heart to lend ,someone whom you dont know and is miles away. I am so happy and thankful.

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  • Damson Barasa    Mar 16, 2015

    I take this opportunity to thank you lenders for the good work your are doing.Personally the loan has been of great benefit and has really helped me improve my farm. The young rabbits come and they have really grown pretty fast. I sold 50 rabbits last week and earned $550. I am really grateful

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  • Damson Barasa    Jan 30, 2015

    I am so happy honorable lenders.Thank you so much

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