Installing drip irrigation in my organic farm
Richard
Alupe, Kenya
$0 to go
100% funded of $629 goal
0
days left
Entrepreneur
Name
Richard
Member since
December 2014
On-time repayments
35 installments • 57%
About Me
My name is Richard Odhiambo, I am the first born in a family of 6 children. I am a Moi University graduate with 2nd honors upper division in aquatic science.
I graduated inthe year 2010,but despite my good grades and academic qualifictions ,no job was forthcoming. I tried my best searching for a job ,but non come my way. Since I had no capital to start any business, i was forced to stay idle and do manual work to earn my daily bread. I wrote a proposal to county government and I was given grand to construct three fish ponds. The business picked off ,well and today it earns me a living.
I have not started my family since I am still educating my siblings ,however I am looking forward to start a family soon.
I am a soccer fun and so during my free time I always watch soccer,I am also a good trainer and when free I train youths on fish farming.
My Business
my business is fishing farming, I keep Tilapia in my fish ponds.
The demand for fish is very high as most people today shifting towards white meat,fish is a vital source of protein and the community that I stay in are fish eaters .This explains why the demand for fish is always high throughout the year.
I use $50 in a month ,my revenues average is $300 in a month. I make profits of $250 in a month.
I use my profits for fees,business expansion and taking care of my parents.
Loan Proposal
dear lenders ,thank you for your kind heart , I am so encouraged and more hardworking. With the loans my farm has grown significantly and my revenues too have grown.
kindly advance me a fourth loan to enable me install a drip irrigation system in my farm.The system will save on water and the crops will be more clean and attractive to clients. my productivity will also increase.
The drip system will cost me $600 ,and labour will cost $100. I will use my savings to fill the gap.
kind regards
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Loan Info
Project Type
Classic Loan
Disbursed amount
$629.00
Date disbursed
Jul 21, 2015
Repayment status
Late
Projected term
3 months
Other loans
Lenders
Southampton, United Kingdom
Redmond, United States
United States
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