Entrepreneur
Name
Martin
Member since
February 2015
On-time repayments
200 installments • 9%
About Me
I am Martin Hesborn Otieno born and raised in Kakamega county in western kenya.Both my parents passed through H.I.V AIDs when i was young and i was left with my grandmother.Because my grandparent was very poor i was not able to get enough education,so after form four i started to look for casual jobs to support both my grandmother and myself.After long period of casual jobs i decided to start farming business because i realized it's profitable and much paying as compared to other casual jobs.
My Business
I have i one acre farm which i have inherited as my late mother portion where i practice small but smart farming.I have two cross breed dairy cows which give me milk to sell,i rear local and grade chicken for meat and eggs selling and i plant irice potatoes,tomatoes and vegetable for sale.These products are all in high demand because they are essential commodity and the population is high too.I choose this kind of business because i wanted to support myself and those who raised me up.
Loan Proposal
I first take this opportunity to thank all lenders who supported me this far,the loan helped to get a water pump which helped so much during dry season.Now i come before you to support me this planting season and this is how i plan to spend the loan.
$50 i am going to pay for labor work,this will help me to work faster and compete with time and hence more production.
$90 i will use to buy DAP fertilizer at a wholesale meaning the loan will enable me to access cheaper farming input and with high production more yield is expected and $70 i will use to buy high breed maize seeds.Also the loan will help me get high quality seeds which will boost my yield too.Kindly lend to me
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Loan Info
Project Type
Classic Loan
Disbursed amount
$203.00
Date disbursed
May 6, 2015
Repayment status
Late
Projected term
45 months
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