Lease land and employ two farm workers
Samuel
Nakuru, Kenya
$0 to go
100% funded of $143 goal
0
days left
Entrepreneur
Name
Samuel
Member since
January 2015
On-time repayments
38 installments • 29%
About Me
My Name is Samuel Abiero, I'm a Kenyan, from a humble background with 0' level education qualification, a young man with great dreams to transform the lives of other youths through self employment. When I was 5 years old my father died and I have been raised by a single parent my mother upto where I am now. i was brought up in Nakuru Sachanguan village went to Mosonei primary ,Nakuru high school then later after working as an untrained teacher and as a small scale farmer and was able to raise fees to go to college and study Business management.
Challenges are a great way to look for advancement opportunities thus every hurdle in life is checked on the lessons learn 't and possible solution which has been great to my decision making. Demand drives need and thus with the untapped opportunity in the tree seedling planting industry was a key driver to establishing my tree nursery business. Currently my major challenge is finance a key motivator to achieving the end goal of self sustenance and communal development. As an entrepreneur and self driven I would wish to see the virtue of hard work, persistence and focus incorporated in my future generations. My locality is vulnerable to frequent perennial drought a major limitation to rain fed farming. I like socializing and an ardent football fan and always feel free to volunteer and give hope to anybody around me.
My Business
I have a posho mill and beside that i do tree seedling farming. I had a passion for trees, which has driven me to invest in tree planting. I started tree planting long time ago in our compound just for their beauty. When the commercial aspect was introduced to me, it was easy for me to take it up. I first planted trees on our land in my village with no specifications of spacing because I did not know much about forestry. I started with species like Eucalyptus grandis, Pinus caribaea and Cyprus. I supply these tree seedlings to county offices for beautification purposes and i also sell my seedlings to the ministry of forestry. Due to demand thrives and need for landscaping in my county i saw that there is demand for tree seedlings, i choose this kind of business due to the fact that it requires very few personnel who are highly skilled thus making it easy to manage. I incur cost pertaining buying of water for irrigation purposes and also buying of seedlings. The profits i generate i use them to expand on my business and also improve on different varieties of trees and i always make profits of upto $ 200.
Loan Proposal
Some of the challenges i encountered are lack of sufficient funds. Tree seedling business is an investment that requires a good capital to run because the cost of labour and seedlings fluctuates a lot. Another problem is the lack of reliable workers as most of them do not carry the vision of the investor, while others do not work at their best because they want to be paid regardless of whether they have completed the work or not.
Given the loan together with my savings i will Furthermore I will lease ¾ acre of land for $ 100 to establish more seedlings buy fertilizer and different type of seedlings which will cost around $80 and try to employ two more people for $40 to help me in preparing the nursery and distribute them because i love nature. I look forward for my profits to hit 80%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$143.00
Date disbursed
Apr 15, 2015
Repayment status
Late
Projected term
6 months
Other loans
Lenders
Frankfurt Germany, Denmark
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