Entrepreneur
Name
Jacob
Member since
February 2016
On-time repayments
38 installments • 71%
About Me
my names are jacob sikuku,i grew up with lots of hardship due extreme poverty ,meals were not guaranteed and schools were several kilometers away. I struggled and completed primary education and secondary education but did not make it to college due to financial constrains that hit hard my family.
I joined walese youth group were we were trained on various crop production techniques,I developed the interest in farming but start up capital was not there and so i decided to to take $100 loan from the group that I used as start up capital,the business went on well and I was able to repay the loan and embark on expanding it.
I am a basketball player and couch and when I am not in the farm I am always out in the field training.
My Business
I grow vegetables in my farm and sell them to a nearby school.the market is always guaranteed and the demand is always high .
the demand is high due to scarcity of vegetables in my locality. I choose farming business after receiving training on production of vegetables.
my monthly costs are $100 and monthly profits are $250-$300 on average per month. with expansion of the farm I can be certain of increased profitability.
I use the profits to save for expansion,pay fees for my sibling and donate in church,and supply 400kgs of vegetables to Rehema childrens home for free every month.
thanks for stopping by
Yours Jacob
Loan Proposal
Hello lenders,I am kindly appealing to you to help me raise my loan so that I can instal drip irrigation system in my farm.the drip would help me to reduce water use and also increase productivity in my farm hence increasing my profitability. It would cost me $800 for one acre and I intend to raise the balance from my savings.thank you
Feedback
Positive
None
Neutral
None
Negative
2
Loan Info
Project Type
Classic Loan
Disbursed amount
$400.00
Date disbursed
Sep 18, 2016
Repayment status
Late
Projected term
61 months
Other loans
Lenders
Tromso, Norway, Norway
Pitten, Austria
United States
United States
Norway
Canberra, Australia
United States
United States
United States
Australia
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Jacob a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Hans Moor Mar 15, 2017
Loading...