Farming is cool

Daniel

Muthithi, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

July 2014

On-time repayments

56 installments  •  39%

About Me

Am from a family of two and am the last born.Am also a student at the university of Nairobi but that does not keep me from my passion that is farming.I started farming in 2003 that's a strong eleven years and going strong.Stared out with two rabbits whose number grew very fast hence I had to look for a stable and reliable source of food for them.Carrots were the definite choice so I got the money from my mother.After the four months I got a very high yield which enabled me to feed my rabbits and sell the surplus which was enough to buy me my first bicycle.From there the rest is history.If i could get that much from carrot what about other crops?was the question lingering in my mind.As time has gone by i have focused on tomatoes,cabbage and capsicum.

My Business

My business is agribusiness where I have specialized on capsicum, cabbages and tomatoes.Farming is all about the more the input the higher the yield hence a larger income.My incurred cost are:
seeds-$56.36
fungicides and pesticides- $54.94
labour -$43.76
Transport -$40.10
Net sales -$550.07
Water and transport are the main challenges.Water is a challenge since it s available but watering the plants is using a watering can is quite tiresome,hence use a lot of labour.Transport is an issue since i do not own my own means of transport hence i have to settle for public means which are expensive.

Loan Proposal

Having been a beneficially of a zidisha loan I wish to apply for another one in order to be able to purchase a new drip system for my open field capsicum crops.
drip system $70.76
labor $32.57
water pipes $37.40
.Having enjoyed the benefits of the drip system in the green house I know it will also be beneficial to my open field capsicum and cabbages .This will increase my net sales from $738.07 to $850.24.The loan will be very helpful.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$145.00

Date disbursed

Dec 16, 2014

Repayment status

On Time

Projected term

10 months

Other loans

Lenders

Hope2012

United Kingdom

McJulio

New Jersey, United States

rfriedenberg

New Jersey, United States

F

flaguy999

Tampa, United States

Hedwich

Gorssel, Netherlands

H

howard

Vence, France

E

elourenco

Porto, Portugal

J

JacobvdW

Netherlands

SE

Sven E

Mannheim, Germany

M

Malte

Hanover, Germany

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