Entrepreneur
Name
Mathew
Member since
June 2017
On-time repayments
58 installments • 41%
About Me
I am mathew rono. I am 35 years old. Hard working and honest man.I grew up in a poor family of five siblings. I attended public schools for primary and secondary education. Through hard work, I performed well in my studies and got admission to university under government sponsorship. After graduating i got employed as a bank clerk where am still employed up to now. I have started venturing into poultry, vegetables and goats farming to have an alternative income. the venture is about one and half year old now.I live just next to the city therefore there is a big business opportunity in terms of available market for my products. The biggest setback is lack of conventional collateral for securing bank loans. i love watching football, listening to music and updating myself on current affairs during my free time.
My Business
I am in full time employment. I work as a bank clerk and the terms of the job is permanent and pensionable with net salary of kes 30,000 per month. I have also ventured in farming where i grow vegetables for sale and keep poultry and goats. the crops are grown in sacks and small containers because of the small piece of land that i am living in. There is ready market for the crops because i stay next to Nairobi city which has a big population and also i sell to nearby hotels. zidisha has been helping me for the last few months and by now i have a water tank for water harvesting for irrigation. my main costs include fertiliser,labour, pesticides and animal feeds and the revenue i get is about kes 15,000 per week from which i spent kes 5,000 on the costs incured on the farm. i spent the rest on household expenses and savings .
Loan Proposal
i am applying for this loan to enable me purchase a water tank with a capacity of 5,000 litres. The purpose is for storing water from rain harvest and tab water for irrigating my vegetables and tomatoes and for my poultry and also for domestic use. The price of the water tank is usd 335. With water on stand bye, my farming will be predictable since rain patterns tend to be erratic and therefore not reliable.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$325.00
Date disbursed
Dec 17, 2017
Repayment status
On Time
Projected term
3 months
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