Farm equipment

Audesta Okello

Kitale, Kenya

5% repaid

Entrepreneur

Name

Audesta Okello

Member since

February 2016

On-time repayments

36 installments  •  69%

About Me

Hello to you all
I am the second born among three siblings,I grew up with loving and caring parents,they loved us and took us to good schools, however things changed when I was in my final year in secondary school,I lost both my parents when I was just about to sit my final exams through a tragic road accident , I sat for my examinations at sega township and passed well and joined Egerton university for degree in agribusiness management .
Getting a job has been an uphill task and that is why i decided to practice farming so as to create employment for my self,I had no money to start and took a loan from a youth group that I used t finance my farming project. I now have 1.5 acres under assorted high value horticultural crops .
The people from my community are loving and caring, they always love visitors and believe visitors come with good luck.
I love reading novels,playing hockey and dancing during my free time.

My Business

I am a commercial farmer and grow assorted high value crops in my farm. I grow crops like broccoli,capsicum ,kales and tomatoes in the farm.
The demand for vegetables is very high due to wide gap between supply and demand as the demand far outweighs the supply.
I choose farming business because I am an expert in the agribusiness and I believe farming has got high returns.
My monthly typical costs are $150 for manure,labor,seeds and miscellaneous . my average profits in a month are $380 . I spend the money to pay for my accounting course,pay fees for my sister and reinvest in the business as I am still expanding it.

Loan Proposal

dear sir/madam
Please lend me $300 that I would use towards farm mechanization .I would spend the money on wheelbarrow $40 ,water pump for irrigation $180 and $60 on water tank. These would enable be to do irrigation during dry seasons when prices are always premium hence earn more.Thank you dear lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$305.00

Date disbursed

Jun 16, 2016

Repayment status

Late

Projected term

60 months

Cost to entrepreneur

Service fee: $13.19

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