Loan to expand my farming business
David Musyimi
Nairobi, Kenya
100% repaid
Entrepreneur
Name
David Musyimi
Member since
June 2015
On-time repayments
293 installments • 99%
About Me
I was born in a rural town in Kenya called Machakos. I spent most of my early childhood observing my grandparents as they did farming, though at that time most it was mostly subsistence farming. It's from this that I grew to love farming. Even after moving to the city, I still had that passion. That is why I took on farming as a hobby and eventually I have turned it into a money making venture.
I'm an information system administrator in the hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements. I'm a qualified Computer technician and hold a diploma in computing from NCC education level 4 (QCF).
My Business
At the moment, I'm doing horticulture farming i.e., tomatoes and corianders as well as maize farming. Basically, I farm anything which is in the season and which has the prospect of giving me a good return. Initially, I was doing this as a hobby but after seeing that it gives good returns, I turned it into a business. Currently, I have employed several people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery I need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
I have been doing small scale farming for a while now and I would like to venture into business of buying the farm produce e.g Maize, beans, coriander and other non perishable grains from other small scale farmers. This is because one challenge faced by farmers is delivering they produce to the market. I will offer to buy this from them saving them from transport cost. I will in turn sell the grains to big stores in Nairobi and Nakuru.
About Me
I was born in rural town in Kenya called Machakos and spent most of my early childhood observing my grandparents as they do farming though at that time most it was mostly subsistence farming. Its from this I grew to love farming and even after moving to the city I still had that passion. That is why I took farming as hobby and eventually I have turn into in to a money making venture.
I'm an Information system administrator in hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements.
I'm a qualified Computer technician with and holds a diploma in Computing from NCC education level 4 (QCF).
My Business
At the moment I'm doing horticulture farming I.e Tomatoes and corianders as well as Maize farming. Basically I farming anything which is in the season and which has prospect of give me a good return.
Initially I was doing this as hobby but after see that it gives good returns I turn it into a business. currently have employed severals people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
I have been doing small scale farming for a while now and I would like to venture into business of buying the farm produce e.g Maize, beans, coriander and other non perishable grains from other small scale farmers. This is because one challenge faced by farmers is delivering they produce to the market. I will offer to buy this from them saving them from transport cost. I will in turn sell the grains to big stores in Nairobi and Nakuru.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$581.00
Date disbursed
Aug 18, 2016
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Rotterdam, Netherlands
Guildford, United Kingdom
Fontvielle, Monaco, Yemen
Singapore, Singapore
Austin, United States
Bluba, Germany
United States
United States
Frankfurt Germany, Denmark
Germany
United States
United States
Hong Kong
United States
Bucharest, Romania, Italy
United States
United States
Brazil
Italy
Australia
United States
Syracuse, NY, United States
Finland
United States
United States
Bologna, Italy
Sacramento, United States
United States
Germany
United States
United States
New York, Ny, United States
Hamburg, Germany
United States
United States
Budapest, Romania
United States
United States
Australia
United States
United States
Canada
United Kingdom
United States
United States
United States
United States
United States
United States
Germany
United Kingdom
Canada
United States
Amsterdam, Netherlands
United States
Bruno Sanchez-Andrade Nuño (brunosan)
United States
United States
Franklin, TN, United States
Miss Ritchies Social Studies 10 Class
Edmonton, Canada
Singapore
United States
United States
United States
Germany
Netherlands
United Kingdom
United States
Ask David a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...