Investing in one acre of watermelon

Ken

Malindi, Kenya

100% repaid

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Entrepreneur

Name

Ken

Member since

September 2015

On-time repayments

227 installments • 84%

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.