Help me buy a bigger water tank & expand my farm
Victor
Angorom, Kenya
100% repaid
Entrepreneur
Name
Victor
Member since
December 2014
On-time repayments
32 installments • 56%
About Me
My name is Victor Oluoch Omondi,I was born in Busia County western Kenya.I schooled upto secondary school.
After secondary school,I joined Angorom youth group,were we were encouraged to do farming business.Since I had no job and source of income at that time .I decided to give it a try. Farming has earned me good income and I always appreciate farming.
I come from a land rich of culture,there is traditional african dance to entertain guests in various occasions.
My kid is called Beryl,she wants to be a nurse when she grows up.I always encourage her to work hard so as to achieve his goals.
I love traditional African dance,I always dance and sing during my free time.
My Business
I am a commercial farmer ,I grow horticulture for sale to my villagers and and friends.I always irrigate my farm during dry seasons ,when supply for vegetables is low so as to get premium prices for my goods.
The demand for my goods is always high because of growth in population and reduced arable land .Most urban families depend on farmers like me to supply them with vegetables.
I a month I use $150 for labor,pesticides , and farm machines.My revenues ranges from $300-$350 in a month.In a good month I make up to $250 in profit.
I use my money to take care of my elderly parents bills,my family bills as well as saving for expansion of my farm.
Loan Proposal
Dear lenders ,thank you for the first loan,it really helped me so much ,and I replaced my pipes. My business is now doing very well. I have am requesting for another loan to purchase a bigger tank and do farm expansion .This will help me increase my revenues in the next few months significantly. I will use $150 to buy a 10000litre capacity tank. I will use the balance to hire labour and buy farm inputs for my new farm adjacent to my current farm. I believe in your support always,and thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$264.00
Date disbursed
Feb 3, 2015
Repayment status
On Time
Projected term
3 months
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