Entrepreneur
Name
John
Member since
August 2015
On-time repayments
120 installments • 93%
About Me
About me
I am John Gitaka living in Kinangop Nyandarua County. Am the first born in a family of seven (7). I completed my secondary education and due to lack of finances i did not join college since my parents were unable to raise the college fees.
Since we grew and raised in a two piece of acre land and with the children behind me and they also need education and other basic needs, they were unable to take me to college, therefore, I had to assist them in farming and grazing to support my smaller siblings.
My parents mainly depends on farming, therefore, I had also to engage in farming inorder to support them in raising and educating the smaller siblings.
I am married with two children hence i was given a half an acre of land by my parents to relay on to raise my children, cater for their basic need, education, health and support in smaller siblings.
In our portion of land which was donated by my parents, we used to grow vegetables which did not do well and also had irregular and unpromising market.
I was approached by a neighbour who introduced me into horticultural farming and offered to donate some seedlings and show me the market sine they were doing well and they did not require a large piece of land to start. Therefore, we prepared the land, planted the seedlings and after sometimes they did well and made good sales of which we decided with my supportive wife to engage in horticultural farming business.
My Business
My business is horticultural farming of which we started with my wife two years ago with the help of the neighbour who introduced us in the business and in the market. We do timely planting every month to ensure we have yield every month and make sales every week.
Our land is located in the highlands at the floor of Abedare ranges next to the Abadare National Park hence it is fertile and there is plenty of rainfall. The business has promising returns since we make sales every week and after spending $150 in a month, we get about $350 in return, a profit of $200 a month.
I use 50% of my profit to educate and raise my children and support my smaller siblings, 30% to improve my business and the rest I save.
Loan Proposal
Thank you dear lenders for being there for us with the aim of upgrading our status in the business world. Lenders am intending to expand my horticultural farming in order to increase more production of flowers and making more profit per month. I want to increase my produce by introducing more varieties of flowers which includes oligium seeds at a price of $70, cascadia seeds variety at a price of $65, leasing of land and land preparations at a price of$ 70 ,labour and buying of herbicides and pesticides at a cost of $80.
Am glad since the initial amount helped me to start my horticultural business successfully and it had been in good progress and making good returns of which am able to sustain my family and educate my siblings.
Thank you for your kind support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$297.00
Date disbursed
Sep 5, 2017
Repayment status
Late
Projected term
70 months
Other loans
Lenders
Netherlands
United States
United States
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