Fertilizer and seeds for potato farming
Collins
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Collins
Member since
February 2014
On-time repayments
54 installments • 20%
About Me
my name is collins ochieng from ken-lands in Nakuru town.i am a graduate in electrical engineering from university of Nairobi,i was raised in a family of ten people where i am the first born.My father passed away in road accident when i was in form two and therefore my mother struggled a lot so as to take me and my siblings to school.I was helped by Ufanisi children's home who supported me dearly and took me to the university to undertake my undergraduate degree. After completing my university studies,i tarmacked for sometime for a job but to no avail.i there decided to start doing menial jobs in the estate with the cleaning company around the community, this was to make the ends meet for me as at that time i was not being cared for by the children's home.IT was through this jobs that i managed to save some cash that i used to start farming business .i started with one hectare of land,the business has been good and now i do farming in two hectare of land.with this two hectares,i managed to get 25 bags of potatoes which retailed at 20 dollars per bag,this totaled to 500 dollars and through the sales,i decided to invest in boutique business in which i invested 250dollars and the remaining 250 dollars i decided to invest back to farming of potatoes,i now need a loan to finance my new boutique so as to add more stock of women's handbags and clothes,i also sell mens wears e.g caps,underpants etc.with the finance in place,my venture will produce lucrative profits.if this business is fully financed,the projected returns will be high,i specially dedicate this new boutique venture due to your continuous help,I KNOW WITH ZIDISHA MY BUSINESS EMPIRE WILL GROW AND I WILL ALSO CHANGE THE LIFE OF A NEEDY PERSON IN THE SOCIETY.THANK YOU GUYS AND MAY GOD GRANT YOU HEALTH AS WE MOVE THIS ORGANIZATION FORWARD.
My Business
i am a happy man to apply for a loan of 300 dollars in your organization,i recently diversified into anew field of business of boutique,so now i operate two businesses,farming and boutique business,with this loan i specifically want to use it on my boutique business so that i can bring it to high level,i started this business 250 dollars that i got from my previous profit of farming last season,i saw high potential in its growth because of high demand of this commodity in its environs,with this loan,the profitability of this business will increase at a very high rate because am targeting to add more stock of women's clothes that are usually of high demand in our area.my projected monthly turnover is 150 dollars and after deducting my monthly overheads,that includes rent ,electricity and salary for my employee this totals to total expenditure of 30 dollars,i therefore remain with 120dollars as my monthly profit in this business a lone.Even though this business has lots of competition from new entrants in the market ,i use good competitive strategies that i have put in place to make sure we become the customers choice in the market and in the end we become the market leaders.I specially plead with you to consider financing this venture because it will surely blossom since everything has been put in place to cater for any need and to coop with existing competition in the market.Also i have employed a very competent and nice gal who knows how to serve customers and thus ensure their maximum satisfaction when they come to our premises.when i combine this with the earnings from my potato farming,i will be in a position to repay your loan in time without any failure,MAY YOU FIND A HEART TO HELP ME IN BOOSTING MY BUSINESS.BYE
Loan Proposal
hi zidisha,thank you for this wonderfull opportunity that you have given me.i need a loan of 150 dollars to rent one hectare of land.when given this loan,i will use 25 dollars to rent one hactare of land,50 dollars to buy seeds and 50 dollars to buy fertilizers and the remaining 25 dollars i will use to higher the work force.i believe with zidisha my business will increase its profitability and i will repay back the loan in the shortest time posible.thank you zidisha
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 24, 2014
Repayment status
On Time
Projected term
3 months
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