I will buy potato seeds and maize

Entrepreneur

About Me

AM 19 YEARS OF AGE . I STAY IN NAKURU NJORO EGERTON .MY HOME IS IN MACHAKOS BUT I CAME TO NAKURU AFTER DROPPING SCHOOL IN FORM TWO I COULD NOT AFFORD TO PAY FEES DUE TO POVERTY IN OUR HOME. I CAME TO NAKURU TO WORK AS A HOUSE HELP BUT AFTER SOME TIME I SAVED MY SALARY TO BEGIN FARMING AS MY BUSINESS. WHILE IN SCHOOL I . I LIKED AGRICULTURE AND SO I DECIDED TO HIRE A FARM AND BEGIN FARMING PASSED VERY WELL IN MY PRIMARY LEVEL I GOT 350 MARKS WHICH COULD HAVE TAKEN ME TO A NATIONAL SCHOOL .I DID NOT GIVE UP I OW I WILL STILL MAKE IT IN MY EDUCATION I HAVE DECIDED TO REGISTER IN ADULT CLASSES NOW WHERE I ATTEND CLASSES DAILY FROM 2PM.IAM NOW IN FORM 3 NEXT YEAR I WILL DO MY O LEVELS I DECIDED TO DO FARMING BECAUSE IT GIVES ME ENOUGH TIME TO STUDY GET MONEY TO PAY MY FEES AND THE BALANCE SUPPORT MY YOUNG SISTERS AND BROTHERS IN THE VILLAGE.I STARTED PLANTING MAIZE AND INTER CROP WITH I RISH POTATOES.

My Business

MY BUSINESS DEALS WITH FARMING .I DECIDED TO DO IT SINCE IT GIVES ME AMPLE TIME TO STUDY . MY CUSTOMERS COME FROM NAIROBI THEY NORMALLY COME FROM UGANDA WITH LORRIES TO GET FROM THE LARGE SCALE FARMERS AND SINCE I AM A SMALL SCALE FARMER I SELL MINE WHEN THEY COME .HOWEVER I HAVE AVERY LARGE DEMAND WHAT I LACK IS CAPITAL TO HIRE THE FARM AND PRODUCTION COSTS.MY COSTS INCLUDE BUYING FERTILIZER,PESTICIDES TO CONTROL PESTS FUNGICIDES TO CONTROL DISEASES LABOR COSTS RENT FOR THE LAND MY CHALLENGES ARE UNPREDICTABLE CLIMATE,AND PRICE S WHICH VARY FROM SEASON .THE MAIZE I SELL TO THE SCHOOLS AROUND I HAVE SOME BOARDING SCHOOLS THAT HAVE GIVEN ME TENDER AROUND 2 YOUNG SCHOOLS.MY YEARLY INCOME IS A ROUND KSH 360,OOO WHICH IS AROUND 3200 US DOLLARS WHICH AFTER DEDUCTIONS I REMAIN WITH KSH 240000 THIS IS AROUND2400US DOLLARS PER YEAR THIS THIS GIVES ME 20,000 PER WHICH IS 200US DOLLARS OR 180US DOLLARS MONTHLY OR SOMETIMES SLIGHTLY LESS.THIS HELPS ME PAY MY FEES PLUS SUPPORT OUR FAMILY .I WILL USE THE SAME TO PAY THE ZIDISHA LOAN MY CHALLENGES INCLUDE FLUCTUATION OF PRICES AND CLIMATE CHANGES WHICH INRETURN BRING DISEASES WHICH AFFECTS MY BUDGETS

Loan Proposal

I WILL BUY POTATO SEEDS FOR IRISH POTATOES ONE BAG AT 2500/ AND MAIZE
SEEDS BECAUSE THIS IS PLANTING SEASON THIS WILL GIVE ME15000 AFTER
HAVESTING THE POTATOES NET PROFIT AFTER 3 MONTHS THIS MEANS MONTHLY
FROM POTATOES MY INCOME WILL RISE BY 5000/= FROM POTATOES WHILE MAIZE
SEEDS WILL GIVE ME 20000/= AFTER HAVESTING THE PERIOD FOR MAIZE IS
LONGER BY NOVEMBER HENCE 2000/= EXTRA FROM MAIZE MONTHLY .THIS WILL
HELP ME PAY MY ZIDISHA LOAN BETTER

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