Drip irrigation for my one-acre farm
Samuel Kuria
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Samuel Kuria
Member since
January 2014
On-time repayments
371 installments • 83%
About Me
My names are Samuel Kuria Ndungu,37yrs of age, currently living in Embakasi Pipeline,Rehema flats A12 Outering road Nairobi. I am a Technician and work in town in a company called Selex international ltd repairing ICT equipments apart from that i rear Quails in Rongai and have a family farm in Kiambu that we produce farm products, I get a certain percentage of the profits, I started the Quails business last year to boost my income and help me achieve certain goals in life. Most of the earning I buy more quails and their food and fertilizer for the farm. I intend to start exporting the Quails to other countries and part of the loans would be used for that.
My Business
I get my source of income from three places, First i earn a steady income as a Technician,My newest investment is the Keeping of pigs, I get good returns from them i buy one piglet for USD 50 and sell them at USD 2.5 per KG. Most of them weigh above 75kgs giving me a total of USD 187 per pig.I also Rear Quails in Rongai where i have several of them and i do sell them prices ranging from USD 3.9-5.6 depending on the age. Also i get a percentage of profits from a family farm in Kiambu. On a good month i can get a profit of between USD 111-167
Loan Proposal
Hi Lenders, I am back again asking you to kindly assist me in realizing a dream I have always wanted to help my parents in achieving their desires, My Mother a retired teacher wants me to help her put a drip irrigation system in our farm. We plan to start planting onions, tomatoes etc. The project consists of buying -
Drip irrigation lines (15cm, 17.5cm and 30cm spacing)
P.E pipe submain 1″
Starters and Connections
End Caps
Water Filter
Water tank 1,000 Liter
Installation Labor.
The cost of the above Kit is going to be USD 761 and also I will need a water pump to feed the water tank which will be at an elevated level. The cost of the pump would be USD 198
The rest I would use to buy seedlings and other things that may arise during the installation process. I believe this project would take me to greater heights as the projections from the sales would be in the region of USD 2000 and above.
Thank you Lenders in advance and looking forward to many more such projects working with you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,230.00
Date disbursed
Jun 11, 2016
Repayment status
On Time
Projected term
56 months
Cost to entrepreneur
Service fee: $46.63
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