Lease more land for farming

Phibianah Mwasi

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Phibianah Mwasi

Member since

January 2015

On-time repayments

322 installments  •  82%

About Me

My name is Phibi, a mother of two - children aged 8 and 1 year old. I was born in the coast region of Kenya. I was born and bred in Taita county near the coast of Kenya. I was educated up to secondary level and then went to the city of Mombasa for college education.

While in Mombasa, I did a course in hospitality and computerized secretary. I later got a job in a transport firm and I worked there until 2010 when I quit to start livestock farming. I decided to quit my formal employment to break the monotony of doing routine work day in out.

I am a hard working woman with a sharp focus of raising my kids well by providing them with quality education as well as securing their future.

My Business

I started livestock business some five years ago. I do this activity on my acre piece of land which I bought with my savings when I was employed. I started this activity since I realized there was a need to supply fresh milk to my neighbors who used to rely on processed milk which is expensive and treated with preserving chemicals.

I have managed to increase my herd of cows to 4 heads and they produce milk which fetch around $650 per month. The monthly expenses go up to around $350 thus leaving me with a profit of $300. I use this money for my supporting my family.

Loan Proposal

My farming is going on well and I am glad my customers are equally growing exponentially. Demand farm, dairy and poultry produce has gone up in recent times due to high growth of population in my area.

To address this demand, I want to lease more land and put it under cultivation. I have identified one acre of land which is not far from my place and this will cost me around USD 600 for three years. I need to use the remaining balance to prepare the land, buy fertilizer and seeds.

I want to continue with my horticulture farming since I am well established in this area and there is a high demand for the same.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$824.13

Date disbursed

Sep 19, 2017

Repayment status

On Time

Projected term

19 months

Cost to entrepreneur

Service fee: $34.54

Lenders

JimVandegriff

Trinidad, California, United States

Hedwich

Gorssel, Netherlands

Craig

Memphis, TN, United States

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Grégoire

Zurich, Switzerland

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Phibianah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...