Help me buy an irrigation pump for my farm
Geofery
Eldoret, Kenya
6% repaid
Entrepreneur
Name
Geofery
Member since
February 2014
On-time repayments
197 installments • 6%
About Me
i am the first born in a family of five. i was brought by my mother and a step father. my step father is the only bread winner. after doing my Kenya certificate of secondary education i did fairly well but i did not qualify to join as a government sponsored student in the university and my parents didn't have money to take me to college. so i went to stay with my uncle who owns a small piece of land near a river. i noticed that my uncle was not utilizing the land so i talked to him and he allowed me to do some cultivation in the land. i specialized mainly on vegetables because they are always on demand and they mature faster. i sell the vegetables locally to my neighbors and i take some to the market. i use the money from the business to support my self and am also planning to start saving some because i want to join college.
My Business
My business is a farming business i specialize mainly with the cultivation of vegetables such as kale, cabbages,spinach,tomatoes,sweet pepper,pepper and onions. i do this in small scale. there is high demand for my products because most of the farmers in these areas grow maize and wheat. most people prefer my products because they get them fresh from the farm and at a fair price. the business is profitable because i have a wide base of customers and also i my products are available throughout the year even during the dry season as i can irrigate the crops with the water from the stream. i get an average of KES 16000 monthly.
Loan Proposal
Currently I irrigate my crops using the manual method where I just draw water from the river using a container and irrigate the crops using an irrigating can. this process is very tiresome and limits the amount of the portion of land I can cultivate during the dry seasons. I intend to use this loan to acquire a leg press pump from David and Shirtliff limited at a cost KES 13,500. This will enable me to cultivate a lager portion of land during dry seasons which will lead to more yields hence more profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 11, 2014
Repayment status
Late
Projected term
46 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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