Insecticides and labour

Patrick Nguku

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Patrick Nguku

Member since

December 2017

On-time repayments

41 installments  •  100%

About Me

My name is Patrick Wambua Nguku.I was born in Kamanzi Village , Kangundo location in Machakos county-Kenya.I am the second born among eight others.I schooled in Kamanzi primary school and Manyatta secondary school.I was raised by a single mother and went through many challenges including school fees.I left home for the capital city Nairobi where i had part time jobs which were not able to cater for my needs.I later started a small business to distribute cakes .I later become a pastor and started the current business of Green grocers which i am currently involved in.The land in Machakos is very fertile .I have a family which i am also taking care of together with my mum .

My Business

I usually plant maize and beans.I chose this type of business because it is very profitable and in high demand.Our county and country usually requires alot of food through out the year and especially during the dry span.I usually make a profit of 50% to 80% in a given season.I want to be buying more for sale to add to what i am already doing.I intend to use the profits to buy a greater farm and expand the business.

Loan Proposal

I would like to buy insecticides worthy $20 and pay another $20 for labour. This totals to $40.When i use insecticides the yield is usually bigger.Whenever i use labour ,the farm usually does better.This will help me in my family in terms of upkeep . My neighbours also benefit ,especially those who are not employed,from casual labour.
This also will benefit the community because many rely on buying farm produce to feed their families.I expect my profit to grow by about 12%.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$27.72

Date disbursed

May 18, 2018

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $1.16

Credit risk payment: $5.84

Lenders

A

Afely

Heringsdorf, Germany

Mr Chris Turner

Cambridge forever England, United Kingdom

Claire Lewis

Wales Uk, United Kingdom

Curtis Tokarchuk

Toronto, Canada, Canada

Ask Patrick a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...