Land expansion for my tree seedlings
Simon Mwangi
Kiplobe Village, Kenya
69% repaid
Entrepreneur
Name
Simon Mwangi
Member since
December 2011
On-time repayments
304 installments • 66%
About Me
I am 38 years of age married with 7 children. 3 girls and 4 boys. I reached form four in education. I live in Kiplobe farm in Lenginet location Rongai division Rongai district Nakuru county. After my secondary education I decided to venture into a tree business in order to cater for my daily living and able to provide to my family.
My Business
Because of our group of bee keeping I saw it better to start a tree nursery because the members were encouraged to plant trees and I took that chance of selling the trees to them. Nowadays I am selling to people from my division and I am very of this business of which dont like it because it has a lot of work. I normally sell each tree at 15 kshs and I can sell up to 100 tees daily. an average of 1500kshs daily. The only risk of this business is during the dry season .
The business is now doing well despite the challenges.
Loan Proposal
I would like to expand my land purchasing a new land in order to plant more seedlings since for now I a lot of tenders from many public schools and I need more land in order to meet there expectation. This land will cost me 145,000 shs for 3,625 square meters since per square meter is 40 shs.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,641.01
Date disbursed
May 21, 2016
Repayment status
Late
Projected term
61 months
Cost to entrepreneur
Service fee: $61.87
Simon opted to pay
$130.07 into the Zidisha Members
Loan Fund in return for a
higher starting credit limit.
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