Entrepreneur
Name
Kennedy
Member since
October 2014
On-time repayments
67 installments • 66%
About Me
My name is Kennedy Oyondi. I was born into a family of four. I went to Esimuli Secondary School and passed to join Masinde Muliro of Science and Technology, where I graduated with a degree In Mechanical Engineering.
I started my farming business while in school, and at some point I could not afford school fees completely and had to get a means of paying for myself. The thought of deferring my studies made me feel sick and depressed, so I decided to work hard on my farm to raise my school fees.
We have a unique culture, and the elders are rainmakers. They can actually decide whether it rains or not. That is still a puzzle to me, because I don't really understand how it works. Welcome to our land and you will see wonders!
During my free time, I volunteer in the neighboring schools and teach mathematics, which is my best subject. I also guide and counsel bright and needy students to work hard to achieve their goals.
My Business
I am a commercial, small-holder farmer. I grow vegetables on my farm and supply those to my clients, using my bicycle. The vegetables are fast-moving consumer goods and clients always come to my farm to buy fresh, high-quality produce.
I chose this business because it's one of the most profitable businesses here, and it is not too capital-intensive.
I generally spend about $100 on fuel for my small generator and on chemicals. My revenues, in good months, are between $150-$250. In a really good month, I make $150 in profits.
I use my proceeds to go toward clearing my university fees so that I can pick up my certificate, which is still being held by the university; and I also pay fees for my sibling, who is in secondary school and wants to be a doctor. It's my pride to see him in school.
Loan Proposal
I am requesting for funds to enable me purchase an irrigation pipe for my farm.Currently I have a small generator that i use to irrigate my farm but the limitation has been pipes to water a bigger portion.I will use the money to buy high quality pipes that will help me irrigate a bigger portion.This will significantly increase my revenues,given the expected scarcity of green vegetables between December to April next year. I am so grateful for your support.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 12, 2014
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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