Kiplobe Village, Kenya
301 monthly installments • 66%
I am 38 years of age married with 7 children. 3 girls and 4 boys. I reached form four in education. I live in Kiplobe farm in Lenginet location Rongai division Rongai district Nakuru county. After my secondary education I decided to venture into a tree business in order to cater for my daily living and able to provide to my family.
Because of our group of bee keeping I saw it better to start a tree nursery because the members were encouraged to plant trees and I took that chance of selling the trees to them. Nowadays I am selling to people from my division and I am very of this business of which dont like it because it has a lot of work. I normally sell each tree at 15 kshs and I can sell up to 100 tees daily. an average of 1500kshs daily. The only risk of this business is during the dry season .
The business is now doing well despite the challenges.
For the past two loans I have been using it to expand my tree nursery business which has been doing very well. This third loan will enable me to have more seedlings in various locations where each and every person in the community can access easily. I still need to increase types of trees according to the people's choice. Since the business is doing well I do plan to include some of flowers which people are getting concern about them. By planting these flowers and trees seedlings I am sure that I will reach to many and bring beauty to the community.
Nov 11, 2013
Cost to entrepreneur
Lender interest: $1,291.50 at 1.10% annual rate over 24 months = $29.32
Service fee: $1,291.50 at 5% annual rate over 24 months = $133.29