Loan for buying fertilizers for potatoes farming project
Emmanuel
Nakuru Town, Kenya
100% repaid
Entrepreneur
Name
Emmanuel
Member since
December 2014
On-time repayments
246 installments • 72%
About Me
I am Emmanuel Mutai aka Manu.
Currently i am working as a freelance Project Lead, Data entry specialist, Editor & Translation for English>Swahili documents. I have 5 years experience in translation industry. In other times i do engage in farming and doing small scale business activities, due to the potentiality of thriving in agribusiness in my country Kenya. My hobbies involves listening to music as i engage my activities, reading leadership and motivational books, volunteering in children's home and the needy in the society, watching football, adventure and socializing.
My Business
I started my farming business immediately after completing my high school studies, this is because i do come from an area zone of farming. Having come from a humble background, i had to do something in order to get funds for school fees and money for sustenance. Atleast i was able to finish college with the income from the business.
This time round i would like to borrow loan to use in completing the house i am building in the village where i do always do my farming. I started the house project but towards the end i have run out of funds to complete it. I believe by setting a good house it will help me in having security form my farming items and tools. I still need window panes, plywood and paints for painting. I always believe in Zidisha because they help people achieve their dreams through financial support. The total cost of the funds i need is around $100.
Loan Proposal
I wish to apply for another loan this time round it's for buying fertilizers for my potatoes project. I am planning to unleash potatoes project, i have manged to lease the land, bought seedlings and ploughed the land but i am looking for loan to buy fertilizers for planting the seedlings. The money is meant for buying 2 bags of 50 kg each and for lab-our while planting. The cost of 1 bag (50 kg) is going at $ 37 and i require 2 bags, this means the total cost of fertilizers will be $74 while $ 15 will be reserved for paying the people who are going to do the planting.
This business will help me to continue in sustain myself and my entire family. The potatoes farming farming is one of the best agribusiness when it is well managed. With the research i have done plus the steps i have taken i believe my business will prosper and i will earn profit of between 20% to 50% from the initial capital. So i call upon all lenders to consider my proposal.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Oct 24, 2015
Repayment status
On Time
Projected term
23 months
Lenders
Fontvielle, Monaco, Yemen
United States
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