Fertilizer and seeds for maize planting

Paul Otieno

Bumala, Kenya

35% repaid

Entrepreneur

Name

Paul Otieno

Member since

February 2014

On-time repayments

132 installments  •  17%

About Me

i am paul owiti am the fisrt born amongest four kids am a male and i was born and grown up in bumala i went to school here in bumala primary school and have been able to join the secondary here i did my o level here at bumala AC where i got an avarage grade of C- .due to the lack of school fees i didn't continue for higher education .today i am i own an agrovet in bumala town where am self employed.I have used my earnings to expand my business where i do always plough back profit.

My Business

I do agrobusiness and it's the business have done for years now.I started this business from my little savings after working for someone in an agrovet and gained experience.
My agrovet sales fertilizer,all kind of seeds,pesticide,animal drugs and farm equipments.
There is a higher demand of this goods bucause people are farmers so they need this products so dearly.
My customers prefers me rather than others bucause i dont sell fake commodies and my prices are fair.
My business is profitable especially during planting season because you are able to sale more and make profit.The risk am now facing is lack of enough capital to stock product during planting season.
My monthly sales can goes up to $700 when the business is good,monthly cost $200,cash flows $400 and a profit ranging between $120 to $200.

Loan Proposal

Thank you so much zidisha,actually this funds are coming at the best time ever.The planting season have just begun and the demand of farm input is too high from farmers.With the loan $72 i am going to buy two sacks of fertilizer DAP 50kg each packed,$42 buy duma maize seed bale and $44 to buy DK 8031 maize seed one bale.This product will be sold in one day only and buy again and again.fertilizer

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 23, 2015

Repayment status

Late

Projected term

30 months

Lenders

E

edgreig

Brixton, United Kingdom

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