Steve Kagwe

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Steve Kagwe

Member since

May 2011

On-time repayments

31 installments  •  61%

About Me

Iam a young man of 41 years old. i come from a village named Bahati Nakuru county, Riftvalley province. Iam married and got two sons aged 13and 6 years old respectively.
I have 2 acres of land which I plant maize n beans. i cultivate 1 and half an acre of maize. I a get at least kshs40,000 anually form beans and ksh 70000 from maize.

My Business

Iam a cash crop farmer. I have a good experience in that. i inherited two acres of land from my father.He inherited me this because he saw the high interest that i had on farm. I sell my beans to the local market and maize I sell it to local millers for flour. I find it wise for me to hire another another acre of land and plant soybeans so that i can have another source of income.
He are my business expenses and how i will use the loan money;
Hiring the land kshs 8000
Buying soybeans seeds ksh 4000
Cultivating the land kshs 5000
Buying fertilizer kshs5000
Buying pestsides kshs7000
Labour kshs 6000
If offered a loan of kshs. 40,000 and to be repaired within one year i will be a happy farmer.

Loan Proposal

i will use the money to buy chicken feeds like chick mash, growers mash and layers mash. i have already ordered for chicks which i will be receiving by next week Friday. your money will help me to buy feed for them until they start laying whereby i will now start earning my profit by selling the products (eggs). i will highly appreciate your effort, thanks in advance.

Feedback

12

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Loan Info

Project Type

Classic Loan

Disbursed amount

$481.93

Date disbursed

Jul 27, 2012

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Lender interest: $481.93 at 1.43% annual rate over 13 months = $7.70

Service fee: $18.55

Lenders

N

nani

austin, United States

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

E

Errol

Bradenton, FL, United States

KYLE LARSON

Little Falls, United States

Elinor

Maple Lake, MN, United States

S

Spassmacher

46244 Bottrop, Germany

A

Annabel

New York, United States

Honey

Sydney, Australia

H

hugh1

Co Kerry, Ireland

jmorris

Boston, United States

E

eldicri

Favaro Veneto, Italy

G

Gerhard

Pretoria, South Africa

J

Johnrock702

Saint Augustine, United States

E

evanglend

Arlington, United States

M

mogensh

København V, Denmark

RemyWay

Phoenixville, United States

K

kurtlae

Umeå, Sweden

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