Inventory to buy watermelon seeds for my agro farming

Amos Mwanose

Voi, Kenya

100% repaid

Entrepreneur

Name

Amos Mwanose

Member since

January 2015

On-time repayments

181 installments  •  65%

About Me

My name is Mwanose Amos,,,,i grew up in a shanty village of mghange village in sagalla location,voi sub county.i went to sagalla primary school .later i joined mwakichuchu sec from form 1 to form 4. i ventured into farming so as to get money that will act as a get pass to further my studies.i like reading alot...and my desire is to get more education from the one i posses.

My Business

My business is all about Agro business.i have concentrated much with planting maize tomatoes and onions. The vegetables that i grow are in higher demand since the target clients and consumers do not have access to these products due to poor rain fall and lack of enough land to do farming.i chose this business because it required little capital to start with and there is ready market for the products.The typical costs runs from 25000 to 35000 and the revenue is close to 55000 to 60000 depending on demand and market price.i use the profits to grow my business and also home improvements.

Loan Proposal

Dear lenders i take this opportunity to thank you for bringing us this loans...As i take this second loan i intend to buy watermelon seeds.that i will plant on my already prepared farm.the seeds will cost 160 dollars on the entire farm so i will use the loan to purschase half of the seeds and use my own80 dollars to buy the seeds.The loan will help me fund my brothers school feels and also use the remaining profit from the farm products to sustain my own budget.i will be glad if am granted this loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$80.62

Date disbursed

Sep 18, 2015

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $3.35

Lenders

YB Song

Seoul, Republic of Korea

dlpringle

Denver, United States

Bjorn

Heggedal, Norway

Johannes Duerk

Bochum, Germany

MW

Matt Willis

United States

MK

Mic Ko

United Kingdom

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