Entrepreneur
Name
Solomon
Member since
January 2015
On-time repayments
194 installments • 56%
About Me
Would like to give my appreciation for the support i have received so far from the group. It out of the loans extended i have managed to start of my passion fruits farming something. This a great milestone since the whole idea was a dream before Zidisha stepped in and made it to be reality.
I have managed to plant some fruits & already they have started fruiting meaning very soon i will start making some money from my farming buiness thanks to zidisha lending flaternity.
My Business
My business has always been farming which is still have passion & traesure on, On close look of kenyan economy many of young peaople are looking for white colour jobs leaving farming activity to the old retired people to do farming
This has greatly affected food production & created a very good business opportunity to any energetic young kenyans who will embrace farming & adopt new farming techniques.
With above in mind coupled with my passion in farming i started a journey of growing passon fruits with the assistance of Zidisha. Currently the fruits are in flowering stage & will start generating weekly cashflows propably in 1.5 months time. From the loan am sourcing i want to expand on my plants which will gurantee me a stable source of income as i also look in growing other crops infuture.
Loan Proposal
Farming is proving to be a rewarding business in kenyan market though requiring patience & much cash outflows before any one can start leaping from the venture.
Of great set back has been financing required at different stages of farming activities thereby at times bringing a noble project down at its implementation stage. With Zidisha team i have managed to start of passion fruits farming project with easy since the loan disbursement are in real time & managable depending on repayment schedule adopted.
With the new loan am planning to expand on my project where am anticipating to use all the amount disbused in buying seedling. (About 100 plants since the current market rate is at $0.2 per plant) This will be a big mile stone since we are approaching the rain season translating to lower irrigation costs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$75.00
Date disbursed
Apr 4, 2017
Repayment status
On Time
Projected term
20 months
Other loans
Lenders
United States
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