Entrepreneur
Name
Ken Mutinda
Member since
September 2015
On-time repayments
227 installments • 84%
About Me
I have grown up in Coastal Kenya.I have graduated recently from Egerton University with B.Sc (Horticulture). Due to the lack of jobs, I have over 500 mango seedlings which I plan to graft soon, though I wish to expand the nursery to include ornamental plants. I also make soap-less detergent that I sell to car wash businesses. These ventures have been started with a small amount I had saved.
The recent G.E.S summit was very inspiring and acts as my source of motivation. I also plan to venture into farming both in crops and livestock.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we grow crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery whereby seedlings are sold at affordable prices.
Loan Proposal
I intend to use the loan to carry out all the activities for the establishment of the fish farm.
Well (water source) = $700
Pumb (solar) = $700
Pond
Excavation = $200
Liner (plastic) = $150
Fingerlings (2000) = $200
Feed = $300
Miscellaneous = $250.
Total expenses are estimated at $2,500.
The fish are expected to mature in six months after which they will be sold at a market price of $3.
Returns
2000*$3 = $6,000.
Less petty expenses and other losses total earnings are estimated at $5,000.
The water from the well will also be sold to neighbors and other users at a small fee.
This will be used to substitute other domestic needs.
Income Source
This is a difficult question especially that I am not working in the time being after having been layed off due to the covid pandemic. I'm hoping that you can give me a grace period to find a job and in the meantime invest in me.
I have had a clean record in terms of loan repayment. I will start to repay the loan as soon as I get a job.
About Me
My name is Ken Mutinda. I am a Kenyan and mainly reside in Malindi town in thee north coast. My childhood can be described as one that was adventurous and fan. I have completed my education up-to bachelors degree level.
Some of the main challenges that we faced at home was poverty and we had to overcome by perseverance and encouragement from our parents and friends.
I started my nursery business immediately I completed college and from the saving I started the detergent business. I also keep some ducks which I sell upon maturity as well as their eggs.
I live in a cosmopolitan area whereby people of different cultures live together in peace.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we row crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery.
I now wish to purchase the motorbike to help with transport as well as be a source of money and employment.
Loan Proposal
I intend to use the loan to carry out all the activities for the establishment of the fish farm.
Well (water source) = $700
Pumb (solar) = $700
Pond
Excavation = $200
Liner (plastic) = $150
Fingerlings (2000) = $200
Feed = $300
Miscellaneous = $250.
Total expenses are estimated at $2,500.
The fish are expected to mature in six months after which they will be sold at a market price of $3.
Returns
2000*$3 = $6,000.
Less petty expenses and other losses total earnings are estimated at $5,000.
The water from the well will also be sold to neighbors and other users at a small fee.
This will be used to substitute other domestic needs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$2,232.69
Date disbursed
Dec 21, 2020
Repayment status
Late
Projected term
19 months
Cost to entrepreneur
Service fee: $197.17
Credit risk payment:
$295.76
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