Funds to boost my farming of red onions

Joel

Thika, Kenya

17% repaid

Entrepreneur

Name

Joel

Member since

May 2014

On-time repayments

239 installments  •  27%

About Me

I am the second son in a family of 6 siblings and our home is located at Makuyu. I have completed my undergraduate degree with a lot of challenges. It has always been my aspirations to become a pioneer among local youths of my area, who have been ruined by alcohol. I have been a Mentor leader of a youth group called "Valley land" which I was a founder members with an aim of grooming youths minds to become entrepreneurs and eradicate poverty among them, which is the biggest reason why youths are involving themselves in to drugs and drugs abuse.
Secondly, currently it has become a challenge for students to secure employment after studies and the only good option for such student to remain industrious is to engage into business which is giving them opportunity to become independent and self reliant people.
I am happy since my first , second and third loans were successful and I have also managed to repay them without any problem. I hope to secure another loan package to assist me to heavily venture in the business I have indicated below on My Business part. I will be grateful to repay the loan after my investment which is carefully managed for better results. My assurance to my lender is to remain committed in repaying my loan to the latter, I will never let you down, because currently I have a regular income which can allow me commit at least 2000 KES every week that translate to 8000 KES every Month.

Thank you in advance.

My Business

Dear lenders I would like to most sincerely thank you for your continuous support you have been giving me through periodic funding. I would like to assure you that I will never let you down because were it not for you I don’t know where I could be.
Secondly I would like you to know this time round am planning to employ innovation in my proposed project am planning to undertake. It will involve farming of RED ONIONS. The purpose of choosing this kind of projects is because its one of the most potential in the current market.

This is how am planning to use my master plan on this project:

1. Preparing of an Acre of land i.e tilling and harrowing: 20,000 KES
2. Purchasing of Jamba F1 Onion seed 1kg: 20,000 KES
3. Purchasing of chemicals, fertilizer and herbicides 50,000 K ES
4. planting of seedlings from seedbeds to the field 30 laborers @ 1000 =30,000 KES
5. Irrigation: 10,000 KES
6. Marketing and Contingency 20,000KES
The proposed master plan will require me at least 150, 000 KES.

The expected return:

The current market for a kilo of red onion bulb is going at 50 KES and the expectation for this commodity is even higher, last season the price rose up to 100 KES per KG.
One Acre of land under proper management can yield at least 7 to 10 tonnes of red Onion bulbs.
If I assume that this project will go well as planned and yield 8 tonnes, this translate to: 8000 kg by 50 KES = 400,000 K ES, if you subtract initial cost of production of 150,000 KES, you will find there is 250,000 KES on return in a period of 6 Months of project life.
In conclusion, the project is worth undertaking it.

Thank you in advance

Loan Proposal

Dear lenders:

This is how my project plan is depicted:

1. Preparing of an Acre of land i.e tilling and harrowing: 20,000 KES
2. Purchasing of Jamba F1 Onion seed 1kg: 20,000 KES
3. Purchasing of chemicals, fertilizer and herbicides 50,000 K ES
4. planting of seedlings from seedbeds to the field 30 laborers @ 1000 =30,000 KES
5. Irrigation: 10,000 KES
6. Marketing and Contingency 20,000KES
The proposed master plan will require me at least 150, 000 KES.

The expected return:

The current market for a kilo of red onion bulb is going at 50 KES and the expectation for this commodity is even higher, last season the price rose up to 100 KES per KG.
One Acre of land under proper management can yield at least 7 to 10 tonnes of red Onion bulbs.
If I assume that this project will go well as planned and yield 8 tonnes, this translate to: 8000 kg by 50 KES = 400,000 K ES, if you subtract initial cost of production of 150,000 KES, you will find there is 250,000 KES on return in a period of 6 Months of project life.
In conclusion, the project is worth undertaking it.

Thank you in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,120.00

Date disbursed

May 21, 2016

Repayment status

Late

Projected term

65 months

Lenders

investor

Candiac, Canada

BelleStarr

Albuquerque, United States

Scott

Oregon, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

A

anonymous123

United States

G

graememoss

Amsterdam, Netherlands

ads68

Melbourne, Australia

L

laurashearin

Greensboro, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kingcamo1095

Mountain Home, United States

JonB

London, United Kingdom

xtrahardware

Cazenovia, United States

B

BMcDermott

Washington, DC, United States

K

khassi

AinEbel, Lebanon

N

nswanberg

United States

B

bugdaniel

Switzerland

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

T

tmarkus

Netherlands

G

Gavin

New Zealand

Otto Barten

Amsterdam, Netherlands

Dave

Ede, Netherlands

D

djlayton4

United States

K

Kristiina

All Countries

KM

Kirsty M

United Kingdom

Gab

Singapore

Dave Bogard

New York, United States

MW

Matt Willis

United States

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

MB

michael breen

United Kingdom

The Bayiates Family

Chicago, IL, United States

Julia

United States

TB

Taylor Brown

United States

Sarah and Dave

Toronto, Canada, Czech Republic

Kavitha Amarnath

Sydney, Australia

Brad Schilling

Bunbury, Australia

P

patricio

Yorba Linda, Ca, United States

AH

ajay hampapur

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

J

joelneville

United States

BS

Brad Syverson

United States

A

Anonymous

United Kingdom

I

Irene

Switzerland

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

AK

Achim Königs

Bonn, Germany

M

Mark

United States

Heidy

N J, United States

L

LK

United States

Max B

Saint Louis, United States

JC

Justin cohan

United States

S

stevensau

United States

KE

Karen Epolito

Syracuse, NY, United States

FJ

Flo Jo

United States

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

JG

James Greer

United States

LT

Leslie Tymko

United Kingdom

HS

Heather Sage

United States

DK

Danny Kelly

United States

RC

Rudi Chen

United States

Carla

United States

MB

Mark Blatter

United States

MS

Marcus Siegel

San Francisco, United States

SV

Salim Virji

United States

G

Gil

Portugal

E

Elynne

United States

HPK

Switzerland, Switzerland

C

Carlene

United States

Jes-c

United States

B

Brett

Australia

JA

Jan Andresen

Hamburg, Germany

ED

em degu

United States

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

MM

Matyas Matyas

Budapest, Romania

JM

Jane Mattoon

United States

E

El

United States

Ryan Keller

Hong Kong, Hong Kong

JB

John best

United States

MP

Matt Patton

United States

J

Jon

United States

L

Lucy

Australia

EP

Emerald Pham

United States

K

Katharina

Germany, Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JS

Jason Strauss

United States

Cora and Andi

Frankfurt, Germany

JA

Joshua Axtell

United States

NM

Nitya Marepally

San Ramon, CA, United States

KA

Kate Aracri

United States

GR

Gretchen Riess

Pittsburgh, United States

JD

JASON DORSETT

United States

J

Jakob

United States

RG

Ryan Gough

United States

MP

mark ptak

United States

MB

Mimi Botkin

United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Joel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Joel    Mar 10, 2019

    Hae Zidisha, I have not received notification of my last installment of 1800 KES, from Safaricom line +254708853557 with the following reference

    "NC63BWZ2LR Confirmed. Ksh1,800.00 sent to Zidisha Inc. for account 0710992595 on 6/3/19 at 10:52 PM New M-PESA balance is Ksh xxxx. Transaction cost, Ksh23.00. Kindly check and update

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  • Joel    Mar 8, 2019

    Hello Zidisha you have not Captured this transaction for the purpose of deducting
    "NC63BWZ2LR Confirmed. Ksh1,800.00 sent to Zidisha Inc. for account 0710992595 on 6/3/19 at 10:52 PM New M-PESA balance is Ksh xxx Transaction cost, Ksh23.00."

    Log in to reply • Share
  • Felix    Nov 14, 2017

    Hi just talked with irungu he has financial challenge but he is much willing to resume payment s I even discussed on reducing the amount.

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  • Felix    Jun 29, 2017

    Hi lenders just talked to Irungu he is positive on payments please give him upto next week to resume.

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  • Joel    Jun 4, 2017

    Hello Zidisha fraternity, I am much obliged by the support you have given me from time to time, and the kind of transformation you have brought into my life. I am working through all means to make sure that I fully honour my pledge of fully paying this loan.
    Once again thank you for the kind support.
    God bless all God bless Zidisha

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  • Joel    Apr 30, 2017

    I am recovering slowly by slowly, my obligation is to pay ever cent of zidisha loan, as a way of appreciation for what zidisha has done to me in my life. God bless zidisha, God bless all. Thanks

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  • Felix    Feb 14, 2017

    Hi lenders! Joel has promised to make payments next week. Thanks.

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  • Felix    Feb 14, 2017

    Hi lenders! Joel has promised to make payments next week. Thanks.

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  • Joel    Jan 8, 2017

    Hello lenders, I have sent 600 kes for my loan repayment, I am slowly coming back on track. Thanks lenders for your resilience.

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  • Felix    Jan 7, 2017

    Hello lenders, Joel is very positive about repayment and he promised to resume very soon.

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  • Felix    Dec 1, 2016

    Hello lenders! I talked to Joel he had financial problems but he is now better and will be sending his payment anytime this week.

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  • Felix    Nov 30, 2016

    Hello lenders, I have talked to Joel he has financial challengs kindly bear with him he has promised to resume payments very soon. Thanks

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  • Joel    Oct 17, 2016

    My project collapsed due to drought, I incurred huge loss but now am trying to come back on track, once am stable again I will reschedule the payment back to its standard amount and continues, but for now, kindly bear with me

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  • Joel    Jun 27, 2016

    Thanks lenders, am trying my best to keep my paying record on time.

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  • Joel    Jun 21, 2016

    I don't want to mess with my on time repayment record, and I forsee down ward trend in my investment because its now at the phase where I require a lot of finance to buy top dressing and other chemicals to prevent my onions from being destroyed by bad weather, because winter and cold season has just started. Once am through with this phase I increase my repayment back to the normal range of 2500 KES.
    thank you all.

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  • Joel    Jun 15, 2016

    I have reduced my installment to a smaller amount so that I can be able to make payment regularly since my Farm has not yet started generating income as expected but once the I start making good money I will increase the amount once more to make the loan repayment quick, and probably qualify for much higher credit.
    I am committed to the full repayment of the current loan, as I had always done as an appreciation to my honorable lenders who devote them self to keep the dream of Zidisha a reality.
    Once again thank you lenders for your continuous support.
    God bless all, God bless Zidisha.

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  • Joel    Jun 14, 2016

    Thanks coz am still going on slowly paying my loan, n by God grace, I will soon realize full repayment.

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  • Joel    Jun 3, 2016

    The investment I have put into this project has not yet started to bring any returns, so am planning to reduce this amount so I can be able to pay conveniently as my investment matures and increase back the instalments.
    God bless all, God bless Zidisha.
    Thank you in advance.

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  • Joel    Jun 2, 2016

    Thanks lenders for your continuous support, today I have started a king journey of honoring my obligations by paying back my loan. Thank you in advance.

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