Buy tools and hire employee for seedlings & flowers business

Eric

Kikuyu, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

November 2014

On-time repayments

61 installments  •  34%

About Me

Am 25 yrs old,Grew up at Mwea, went to Ngurubani primary school and attended Thiba secondary, an year later i joined Utalii College where I got a certificate in Food and Beverage sales and service. Was lucky to get a job at Samburu Intrepids for 6 months under a contract. since then have got few jobs in Nairobi until i thought of keeping myself busy during my off days, growing and selling plant seedlings which i sell to some of the restaurants.

My Business

I grow plant seedling and flowers, which goes for as little as ksh 80 per seedling depending on the size and plant type. I get orders from companies to supply tree seedlings which intern give good results. Am hoping to expand with time to grow big.
The business is ideal because its enviromental friendly. The demand gets high most of the time when there is a construction for land scaping and also when people wants tree seedling as their fence. I use the money i get for my rent and for my equipments.
Since my last loan i have grown a bit more so financially thus more resonsibilities and that is why i need to expand more.

Loan Proposal

I managed to acquire a small piece of land with my last loan, some of the money will cater for next two months rent, that will come to about Ksh 2000. I will also try to purchase some farm tools and also hire one person to help along thus a job opportunity will be created. Some of the tools will include another shovel and a wheelbarrow.
I will expect the sale to grow from the previous.
Once i have prepared the piece of land i will be able to get orders in large quantity.
I also intend to open another business of another kind but that will need a smaller capital like a barber shop and employ someone.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Apr 6, 2015

Repayment status

On Time

Projected term

3 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

T

ToddK

Indianapolis, IN, USA, United States

S

SmithTown5000

Dallas Texas, United States

camilberlin

Berlin, Germany

F

flaguy999

Tampa, United States

Karijn

Amsterdam, Netherlands

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