Daniel
Muthithi, Kenya
100% repaid
Name
Daniel
Member since
July 2014
On-time repayments
56 installments • 39%
Am from a family of two and am the last born.Am also a student at the university of Nairobi but that does not keep me from my passion that is farming.I started farming in 2003 that's a strong eleven years and going strong.Stared out with two rabbits whose number grew very fast hence I had to look for a stable and reliable source of food for them.Carrots were the definite choice so I got the money from my mother.After the four months I got a very high yield which enabled me to feed my rabbits and sell the surplus which was enough to buy me my first bicycle.From there the rest is history.If i could get that much from carrot what about other crops?was the question lingering in my mind.As time has gone by i have focused on tomatoes,cabbage and capsicum.
My business is agribusiness where I have specialized on capsicum, cabbages and tomatoes.Farming is all about the more the input the higher the yield hence a larger income.My incurred cost are:
seeds-$56.36
fungicides and pesticides- $54.94
labour -$43.76
Transport -$40.10
Net sales -$550.07
Water and transport are the main challenges.Water is a challenge since it s available but watering the plants is using a watering can is quite tiresome,hence use a lot of labour.Transport is an issue since i do not own my own means of transport hence i have to settle for public means which are expensive.
If you guys give me the loan i want to establish a better water irrigation system as the one am using now uses costs me almost three quarters of the labour cost of $43.76.I will be able to buy a tank for $77.93 and a second hand drip system for $40.08.The remaining $26.06 i will spend on buying more hybrid seeds hence more production.When all these are in place I will be able to by a motor bicycle within the next harvest hence be able to reduce the transport cost.The loan will enable me to reduce labour cost and transport cost in future.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 25, 2014
Repayment status
On Time
Projected term
3 months
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