Investing in one acre of watermelon

Ken Mutinda

Malindi, Kenya

100% repaid

Entrepreneur

Name

Ken Mutinda

Member since

September 2015

On-time repayments

220 installments  •  86%

About Me

I have grown up in Coastal Kenya.I have graduated recently from Egerton University with B.Sc (Horticulture). Due to the lack of jobs, I have over 500 mango seedlings which I plan to graft soon, though I wish to expand the nursery to include ornamental plants. I also make soap-less detergent that I sell to car wash businesses. These ventures have been started with a small amount I had saved.
The recent G.E.S summit was very inspiring and acts as my source of motivation. I also plan to venture into farming both in crops and livestock.

My Business

My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we grow crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery whereby seedlings are sold at affordable prices.

Loan Proposal

The loan will be used for the purchase of the following requirements.
1. Land-hire $50.
2. Tractor (ploughing ) $30.
3. Seed (Julie F1 ) $120.
4. N:P:K fertilizer $30.
5. Planting labour $30.
6.Foliar fertilizer (Phosphorus ) $35.
7.Spraying cost $10.
8.First Weeding $20.
9.Foliar fertilizer (Nitrogenous) $35.
10.Fungicide $30.
11.Insecticide $35.
12.Spraying Costs $20.
13. Second Weeding $20.
14.Miscellaneous Costs $40.
This projects the total cost to approximately $500.
The expected yield of this variety however is 20 to 25 tonnes per acre,though due to many factors I lower my expected yield to 15tonnes per acre.
The price in the local markets ranges between $ 0.08 to $ 0.20,hence my expected income would range between $1200 and $3000. This translates my profit to the range of between $700 and $2500.
I hope you will kindly consider my application hence empowering me and the community at large.
Thank you.

Show original English  

About Me

My name is Ken Mutinda. I am a Kenyan and mainly reside in Malindi town in thee north coast. My childhood can be described as one that was adventurous and fan. I have completed my education up-to bachelors degree level.
Some of the main challenges that we faced at home was poverty and we had to overcome by perseverance and encouragement from our parents and friends.
I started my nursery business immediately I completed college and from the saving I started the detergent business. I also keep some ducks which I sell upon maturity as well as their eggs.
I live in a cosmopolitan area whereby people of different cultures live together in peace.

My Business

My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we row crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery.
I now wish to purchase the motorbike to help with transport as well as be a source of money and employment.

Loan Proposal

The loan will be used for the purchase of the following requirements.
1. Land-hire $50.
2. Tractor (ploughing ) $30.
3. Seed (Julie F1 ) $120.
4. N:P:K fertilizer $30.
5. Planting labour $30.
6.Foliar fertilizer (Phosphorus ) $35.
7.Spraying cost $10.
8.First Weeding $20.
9.Foliar fertilizer (Nitrogenous) $35.
10.Fungicide $30.
11.Insecticide $35.
12.Spraying Costs $20.
13. Second Weeding $20.
14.Miscellaneous Costs $40.
This projects the total cost to approximately $500.
The expected yield of this variety however is 20 to 25 tonnes per acre,though due to many factors I lower my expected yield to 15tonnes per acre.
The price in the local markets ranges between $ 0.08 to $ 0.20,hence my expected income would range between $1200 and $3000. This translates my profit to the range of between $700 and $2500.
I hope you will kindly consider my application hence empowering me and the community at large.
Thank you.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$301.01

Date disbursed

Mar 23, 2016

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Service fee: $15.06

Lenders

W

WilsonLending

Atlanta, United States

eagle3

Grand Ledge, United States

T

tommy0579

Salt Lake City, UT, United States

P

psimeon

Palo Alto, United States

tmisch

San Jose, California, United States

H

hanso

Arendal, Norway

KM

British Columbia, Canada, Canada

E

ebronken

Oslo, Norway

D

danderson1953

Plainsboro, United States

D

davide

Vallentuna, Sweden

T

tuttifrutti

tulare, United States

R

RealUtopia

San Diego, United States

P

PHU99

Zwingenberg, Germany

L

Ldeschae

Gent, Belgium

Travis

Canada

P

peaceandcarrots

Hilltop, United States

S

SnifferTheBunny

Brighton, United Kingdom

ibc123

Seattle, United States

D

doroncoh

Tel Aviv, Israel

M

mark3339

San Diego, United States

dlpringle

Denver, United States

S

scottpz

branford, United States

W

wiwillia

Milbrae, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

poorinvest

Sandefjord, Norway

K

Kimbo

Vietnam

VK

Vasily Kudrin

Moscow, Russia

M

Medagan

San Franciso, United States

L

LondonTown

United Kingdom

M

mbarbier

United States

JP

James Parker

Sacramento, United States

L

Leong

Singapore

S Masler

Tennessee, U.S.A., United States

M

Marco

Germany

Frank Termathe

Frankfurt Main, Germany

Lauren

United Kingdom

M

mmartin

United States

HW

Hans Weiss

Kiel, in the very north of Germany, Germany

Jerome

Switzerland

Lukas Petereit

Frankfurt, Germany

jtreyes

United States

GF

Grace Franco

United States

Herbert Morin

United States

BS

Bart Sturm

Amsterdam, Brazil

Francoise Kuenzi

Neuchâtel, Switzerland

Deb Fox

Melbourne, Australia

Mark Thumpston

Solihull, UK, United Kingdom

moursund

Beaver Nation, United States

V

Vivek

Arlington, VA, United States

PG

Paul Graham

United States

J

Jan Čapek

Czech Republic

MS

Mike Sutherland

United Kingdom

MC

Mark Cowburn

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

E

Eric

Canada

Katie

United States

Ask Ken 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...