Entrepreneur
Name
Erastus
Member since
September 2012
On-time repayments
76 installments • 95%
About Me
My name is Erastus Wakugwa Kamau. I come from Kahuho centre, Nakuru County where I reside. Kahuho is approximately 19 Km from Nakuru Town on your way to Nyahururu where you aright at Maili Saba and take a murram road towards St, John Primary School then Karunga trading centre then Kahuho Centre. You ask for Erastus. I am married and a father of 5 children and am a farmer.
My Business
I have 1 ½ acres of land whereby ¾ acre I have planted Ovacado fruits and a fruit tree nursery. When I harvest ovacado fruit I get a total of about Kshs. 70,000 and a fruit tree nursery gives me a profit of approximately Kshs. 100,000. In total I get an annual income of Kshs. 170,000. I have got livestock which gives me an income of about Kshs. 50,000 per year
Loan Proposal
I will use the amount give to improve on my tree nursery which i will expand to satisfy my customers who are coming to look for both indigenous and exotic trees to plant to their land. I will also use the amount remaining amount to buy fertilizer to my horticultural products which are already in the process of flowering meaning that after one month i will start to harvest.I will use the amount give to improve on my tree nursery which i will expand to satisfy my customers who are coming to look for both indigenous and exotic trees to plant to their land. I will also use the amount remaining amount to buy fertilizer to my horticultural products which are already in the process of flowering meaning that after one month i will start to harvest.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Oct 25, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Southampton, United Kingdom
Göteborg, Sweden
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