Irrigation pump for my farm

Michael Wasike

Ganjala, Kenya

100% repaid

Entrepreneur

Name

Michael Wasike

Member since

February 2016

On-time repayments

50 installments  •  68%

About Me

I am a born again christian aged 23 , I am the forth born in a family of six children. I went to Mundika boys primary and joined St Mathias Busia secondary school. I then joined KCA university for Degree in business management.
I started my farming business to support my university education. The main problem I faced as a young entrepreneur was start up capital and fluctuating market prices. I took a loan from a friend which I invested in horticulture and the business paid off well. I learnt with time the market trends and have been able to grow my crops at the correct time and not when its convenient . I practice market led agriculture.
I have one baby boy named John,he is 2 years old and very aggressive and loving,.
I am a big soccer fun and spend my free time watching soccer.

My Business

I provide horticulture crops to my customers who include schools,hospital and households,I mainly grow traditional African vegetables, kale ,cabbages and spinach.
the demand for these crops is high due to high population and less farmers. The demand far outweighs the supplies and that's why I am planning to expand my farm to tap the opportunities.
I choose farming business because it was highly profitable and easy to manage.
My montly costs are $160 and my monthly revenues are $400 . I use 50% of my income to pay for my university fees which I will clear in april these year. I then spend the rest on business expansion, and supporting my siblings education.

Loan Proposal

Hello lenders,Please lend me $190 to help me buy an irrigation pump for my farm. The pump would cost me $180 and would help me irrigate my farm hence produce throughout the year even during drought hence allow me get more profits.Thank you always

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$192.00

Date disbursed

Jun 25, 2016

Repayment status

On Time

Projected term

46 months

Cost to entrepreneur

Service fee: $8.32

Lenders

A

anonymus

Moon, United States

B

bitofrits

New York City, United States

D

darkpella

Correggio, Italy

mojobob

Hayward, United States

Kamil

Lidzbark Warminski, Poland

Paul Buchheit

Mountain View, United States

M

mcondie

United States

Loungin

United States

CNV

United States

MR

Michiel Rauws

San Francisco, Netherlands

Diego

Monza, Italy

Stephan W

Witten, Germany

Humble Bundle Community

San Francisco, United States

RS

Rich Stein

United States

sgstaley

Pontiac, Illinois, Usa, United States

Lex Moen

Netherlands

R

Rajesh

United Kingdom

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