Entrepreneur
Name
Simon
Member since
December 2017
On-time repayments
14 installments • 64%
About Me
I am a male born in the year 1987.We are 8 children,5 girls and 3 boys.I am a high school leaver.I cleared my high school in 2007.We depend on farming and rental houses as our source of income. We started experiencing financial challenges when my father died in the year 2014.We stay In an area in Nakuru county, Njoro sub county where farming is very good.My hobby is farming both livestock and crop farming.I started agribusiness 2 years where I started rearing 4chickens.I now have 120 chickens
My Business
My business deals mainly with farming.I have greenhouse where I grow different crops.The crops include spinach and tomatoes.The business is highly profitable because in my area I am the only person with a greenhouse growing tomatoes. My customers are mainly schools and hotels which give me tenders in kilos.In a week,I sell about 100kgs of tomatoes at ksh80 per kg which equivalences to ksh40000 per month(about $400).I also sell spinach on weekly basis.I sell 7sacks of 90kg per of spinach.Each sack earns me about ksh1000(about $10).This gives me ksh7000 every week($70).In a month I get approximately Ksh28000.(about $280).I use the profit to pay school fees for my siblings and for maintaining the farm.
Loan Proposal
Purchase top dressing fertilizer for my spinach I will buy one bag 50kg fertilizer of urea .This is my peak season of sales I am expecting to increase my sales because my production will increase weekly supply to schools I have 2 schools that I have a tender to supply 2sacks of vegetables per week since this is a dry season the price and demand for vegetables is very high sale 90kg at 3000ksh. which is 30 dollars per sack in one week I sale 4sacks which is 120 dollars in a month its 480 dollars which is 48000 ksh Kenyan money
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Loan Info
Project Type
Classic Loan
Disbursed amount
$18.00
Date disbursed
Jan 23, 2018
Repayment status
On Time
Projected term
2 weeks
Other loans
Lenders
European Union, Netherlands
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