Farm expansion

Pricilla

Ekero, Kenya

62% repaid

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How it Works

Entrepreneur

Name

Pricilla

Member since

July 2015

On-time repayments

92 installments • 10%

About Me

My names are pricilla Okasiba,I was born to the late Godfrey Okasiba and Mrs Jenepher Ekasiba.My dad was an agronomist while my my is a just a house wife. I am the third born in a family of 6 children. My dad passed on when I was in form three and since he was the sole bread winner life changed drastically. My mother struggled to educate us and i finally completed my secondary education in 2013.
I had no money to join tertiary institution since my older brothers had no job and my mom had to pay fees for my siblings using dad benefits.Our family resources were quickly shrinking and I could not just sit back and watch. I had always had passion in farming and some knowledge since I had always helped my late father in the farm. I borrowed $30 from my uncle to give to people to help me clear bushes and dig since I was little and could not do it on my own. I planted cabbages and sukuma wiki but the all dried up due to bad weather. I was so depressed and furious that my investment had just gone to waste. I gave up with farming. One evening I was send to the market to buy vegetables ,there were so expensive that i decide to buy 1/2kg beef instead. As I walked home I thought of giving farming a second but chance but these time round armed with irrigation kit, I once again planted kales ,the business did so well.I got enough money to buy farm tools as well as clear my sisters fees in school.
I am a teso girl teso is a good place and rich in culture. We have special traditional dances for different occasions.
I love reading novels,watching television and walking around my garden when free.

My Business

My farming business provides assorted vegetables to the community.Among the kale's,cabbages and capsicum. I recently also invested in long term mango project ,I planted 100 seedlings that should start fruiting in the next 2 years.
vegetables are vital food here ,they are cheaper and source of valuable nutrients. since the production is low and the depend is high there is always ready market.
I choose the farming business because I had alot of knowledge about farming and I had passion for farming too.
I spend $150 on farm labor ,tools and equipment maintenance and transportation to the market.my monthly revenues is $350. I use the money to save for my univesity fees,save for reinvestment and take care of my mother.

Loan Proposal

Hello lenders,I wish to borrow a second loan to enable me expand my farm by 1/2 an acre.I will utilise the funds by leasing the land for one year at $100 and clearing and land preparation at at $100. The farm will enable me meet the market demand and earn more money.Thank you .