Loan application for greenhouse organic farming

Joseph

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

August 2012

On-time repayments

391 installments  •  59%

About Me

I am a tale-preneur selling project management consultancies and IT solutions online. I live in Nakuru County in the vast Rift Valley Province, Kenya. I started a business to cater for two needs. One, I decided to bridge a gap between computer literacy in the outskirts of Nakuru town and other skills possessed by youthful residents. In the outskirts of Nakuru town with improved internet connectivity, and no opportunities for more opportunities, leading young people towards the path of online working (work from home) as virtual assistants, data clerks etc. With better education credentials compared to the average population, I felt obligated to offer this business and bridge the gap especially for those seeking job opportunities for self sustenance. Secondly, I started the business for a profit motive and live to the dream of my university’s mission, that of creating employment. Though the business started small, it has expanded especially after sourcing for regular institutional clients where I offer IT support services, virtual book keeping and virtual assistance. The profits have been re-invested leading to the rapid growth. The loan/Pay it forward from Zidisha will actually Zidisha (expand) my business especially in the sense that it will allow me to purchase more computers and probably open another branch in an rural-urban town setup. This will be done after topping up the loan with some savings.

My Business

My business operates within the larger Information Technology Industry. My business offer support services such as internet bureau services, online research services, virtual assistance, computer accessories services, data processing services, Information systems maintenance services among other assistive services. Demand for computer services in this region is very high. Also high is the emerging market of service outsourcing. This has been occasioned by the new realization of the position of the information technology as a business aid. Most medium sized businesses are adopting IT infrastructures thus providing a good business environment for the providers of these services. Most firms, local and foreign, are adopting to outsource non core roles in order to concentrate on the core roles of their businesses. The services offered by my business include data handling, processing and execution, tailoring programs to the specific needs of an organization. Since competition is limited especially for the advanced IT services; the business has remained the preferred provider among a wide area. The reputation in working with both private and public schools has remained unquestionable, with a wide coverage of schools being my clients.
The business is profitable in the sense that I can source for materials cheaply making my sales for services highly profitable. The demand for training services, including simple IT package training, has proved to be a good source of revenue with very limited costs. The main challenge has remained the ever changing IT industry where new IT products are introduced even before getting to some potential clients. Bearing in mind that most of the business owners are older and computer illiterate, this dynamism of the IT industry has been a major hindrance to them. Despite this, i have a resolve to be at par with newer innovations to maintain relevance in the market.
As far as revenues are concerned, my business generates a total revenue of around Kenya Shillings 230,000. Costs include rent of Ksh.30000, salary and wages of about Ksh 64,000 and purchases worth around Ksh40,000. This leaves me with around Ksh 94000 per month. This amount is further apportioned to savings of around Ksh. 40,000, leaving around Ksh. 54,000 for my personal use as this is a sole proprietorship.

Loan Proposal

Out of the requested amount of about $400, I will use $100 to purchase high yielding none GMO tomato seeds for planting and another $150 for labor in preparation of the greenhouse garden as well as transporting organic manure to the filed. I will spend about $50 in training on how to improve my knowledge in organic farming. The remaining $100 will be used to cater for ongoing maintenance of the crop for the next 2.5 months. This is a third loan and I am sure I will be able to repay the full amount in a short duration. Please fund this noble idea. Thanks to all past lenders. You made it happen.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$418.00

Date disbursed

Mar 19, 2014

Repayment status

On Time

Projected term

8 months

Lenders

AWOL

USA, United States

JimVandegriff

Trinidad, California, United States

Jonas Sweep

Utrecht, Netherlands

O

ochunshoney

charlotte, United States

calvero

Bergen, Norway

T

TryingAndFailing

St Paul, United States

Hedwich

Gorssel, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

L

Leonora

TÄBY, Sweden

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

araidia

United States

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Summary

Amount repaid

$439.01

Amount remaining

$0.00

Date repaid

Dec 23, 2014

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 1, 2014 $11.55 Apr 2, 2014 $11.55
Apr 8, 2014 $11.55 Apr 2, 2014 $0.21
Apr 9, 2014 $11.34
Apr 15, 2014 $11.55 Apr 9, 2014 $0.42
Apr 19, 2014 $11.13
Apr 22, 2014 $11.55 Apr 19, 2014 $0.64
Apr 21, 2014 $10.92
Apr 29, 2014 $11.55 Apr 21, 2014 $0.85
Apr 30, 2014 $10.71
May 6, 2014 $11.55 Apr 30, 2014 $0.47
May 7, 2014 $11.08
May 13, 2014 $11.55 May 7, 2014 $0.68
May 13, 2014 $10.87
May 20, 2014 $11.55 May 13, 2014 $0.89
May 20, 2014 $10.66
May 27, 2014 $11.55 May 20, 2014 $1.11
May 27, 2014 $10.45
Jun 3, 2014 $11.55 May 27, 2014 $0.14
Jun 4, 2014 $11.41
Jun 10, 2014 $11.55 Jun 4, 2014 $0.35
Jun 11, 2014 $11.20
Jun 17, 2014 $11.55 Jun 11, 2014 $0.56
Jun 19, 2014 $10.99
Jun 24, 2014 $11.55 Jun 19, 2014 $0.78
Jun 25, 2014 $10.78
Jul 1, 2014 $11.55 Jun 25, 2014 $0.99
Jul 3, 2014 $10.56
Jul 8, 2014 $11.55 Jul 3, 2014 $1.20
Jul 10, 2014 $10.35
Jul 15, 2014 $11.55 Jul 10, 2014 $1.41
Jul 16, 2014 $10.14
Jul 22, 2014 $11.55 Jul 16, 2014 $0.45
Jul 23, 2014 $11.11
Jul 29, 2014 $11.55 Jul 23, 2014 $0.66
Jul 30, 2014 $10.89
Aug 5, 2014 $11.55 Jul 30, 2014 $0.87
Aug 14, 2014 $10.68
Aug 12, 2014 $11.55 Aug 14, 2014 $11.55
Aug 19, 2014 $11.55 Aug 14, 2014 $0.12
Aug 20, 2014 $11.44
Aug 26, 2014 $11.55 Aug 20, 2014 $9.74
Aug 28, 2014 $1.81
Sep 2, 2014 $11.55 Aug 28, 2014 $11.55
Sep 9, 2014 $11.55 Aug 28, 2014 $10.16
Sep 20, 2014 $1.39
Sep 16, 2014 $11.55 Sep 20, 2014 $11.55
Sep 23, 2014 $11.55 Sep 20, 2014 $4.71
Sep 30, 2014 $6.85
Sep 30, 2014 $11.55 Sep 30, 2014 $10.80
Oct 6, 2014 $0.75
Oct 7, 2014 $11.55 Oct 6, 2014 $11.55
Oct 14, 2014 $11.55 Oct 6, 2014 $11.55
Oct 21, 2014 $11.55 Oct 6, 2014 $11.55
Oct 28, 2014 $11.55 Oct 6, 2014 $11.55
Nov 4, 2014 $11.55 Oct 6, 2014 $0.09
Nov 19, 2014 $11.46
Nov 11, 2014 $11.55 Nov 19, 2014 $11.55
Nov 18, 2014 $11.55 Nov 19, 2014 $0.52
Nov 24, 2014 $11.04
Nov 25, 2014 $11.55 Nov 24, 2014 $11.55
Dec 2, 2014 $11.55 Nov 24, 2014 $0.94
Dec 9, 2014 $8.24
Dec 10, 2014 $2.38
Dec 9, 2014 $11.55 Dec 10, 2014 $9.39
Dec 23, 2014 $2.16
Dec 16, 2014 $11.55 Dec 23, 2014 $11.55

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