Irrigation pump and knapsack sprayer

Paul Oteba Olubai

Burumba, Kenya

21% repaid

Entrepreneur

Name

Paul Oteba Olubai

Member since

December 2014

On-time repayments

26 installments  •  65%

About Me

My name is Paul Oteba ,I was born in a family of eight and I am the first born.I went to ojamii primary school and joined Township Secondary school,due to financial constraints ,I did not manage to join college.
After secondary school,I had no job.I decided to work as farm hand in a neighbors farm,with time i started growing my own vegetables.After sometime time I realized I could earn a good living out of agriculture.I decide to upscale my activities to earn living.
I have three kids,they all want to be nurses when they grow up.I always work hard to ensure they get the best education available.

My Business

I am a horticulture farmer.I grow kales and cabbages for sale to hospitals,schools and traders in the neighborhood.The demand for this goods is very high due to high population in the neighborhood and bad weather conditions that make it impossible to produce without irrigation.
I offer fresh and high quality vegetables to my clients.I always ensure I offer my products at a good price so as to retain my clients.
In a month I spend $100 on labor,generator fuel and pesticides.My revenues range between $200-$300 in a month depending on season.
I use my profits to pay pay fees for my kids and take care of general leaving expenses.I also take care of my aging parents and grand parents.Thank you so much for visiting my profile.

Loan Proposal

I take this opportunity to thank you for you generosity and kindness for supporting me in my first loan.My farm is doing well,I am requesting for a loan to purchase a irrigation pump and a knapsack sprayer. This two equipments are very vital for my farm ,especially at this dry season and as I expand my farm. I will be grateful for you support. Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$368.56

Date disbursed

Jan 27, 2015

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Lender interest: $368.56 at 6.27% annual rate over 4 months = $9.65

Service fee: $5.98

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