Farm expansion

Henry

Burumba, Kenya

Funds disbursed

$0 to go

100% funded of $397 goal

days left

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How it Works

Entrepreneur

Name

Henry

Member since

April 2015

On-time repayments

26 installments • 46%

About Me

my names are Henry Opondo. I am the first boarn in a familly of 6. Both my parents passed on while I was in primary school and from there hence forth I took parenting role since i was the oldest. with support from the local church and relatives ,i was able to complete my primary education at Sigalame primary school and proceeded to Sigalame secondary school where I completed my secondary education. I passed well by then the sponsor could not continue sponsoring me because they had no post secondary scholarship.The future looked bleak, I knew I had to support my five siblings in any way I could.
After tarmacking for a few months with nothing forthcoming since most employees wanted people with post secondary education which i dint have,i knew employment was not the way .I had to employee myself.But how?? I approached a neighbor armed with business idea which was farming and asked him for $50 loan to buy seeds and manure. I was to do the tilling myself with assistance from my siblings.he gave me the loan. I bought kale's and capsicum seeds. I had never grown these crops before but i just went to a farmer in the neighborhood who agreed to support me. I planted my crops,it happened there was drought and since my farm was near water source,i made good sales ,since then farming is my official employer.
i come from the luo community in western kenya,we are rich in culture including traditional dance,traditional food which is fish and many more,welcome to our land.
I love singing and dancing. during my free time I join other villegers in my youth group to sing and dance.

My Business

I am a commercial farmer growing vegetables. my main clients are schools,hospital and local community.
Vegetables are very important in the community since it is use as food and is affordable to many.
I choose these business because it was the most profitable business at that time.I had no alternative but i really enjoy farming today.
I spend $150 in a month and my revenues in a month is average $350. I make a profit of average $200 a month.
i use 50% of my profits to educate my siblings and for our living expenses. I use the rest to save and improve the business.

Loan Proposal

Thank you dear lenders for helping raise my loans always on time. The loans have played a very vital role in my life and has helped me change my life. I am requesting for $400 loan that would help me to expand my farm my 3/4 acres.I would use the money to lease land for a year at cost of $150,prepare the land at $50 and buy seeds and organic fertilizer @ $ 200. I expect the new business line to increase my income by 100%. Thank you in advance.