Inventory to buy watermelon seeds for my agro farming
Amos
Voi, Kenya
100% repaid
Entrepreneur
Name
Amos
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$81.00
Date disbursed
Sep 18, 2015
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
United States
United Kingdom
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