David
Kamgere Village, Rusinga Island, Kenya
10% repaid
Name
David
Member since
October 2015
On-time repayments
213 installments • 3%
I am David Orato, I was born in 1982 as the 3rd born in a family of five siblings. My father was a fisherman and my mother was a peasant farmer. I grew up in a poverty- stricken household with limited income as my parents activities could not support our livelihood.
I went through my education in hardship as I was being sent home to look for school fee most of the time. I could be out school for two to three weeks a situation which was never pleasing. I went to a local primary school and passed well and joined high school at Orero Boys Secondary School then later went to a school of business and graduated with a Diploma in Business Administration. Upon completion of College, I started tree seedlings, where I grow trees for selling. I live in an island where there historical site and some unique features. My hobbies are travelling and visiting the sick in my local community.
I am a smallholder commercial farmer. I have a half a half an acre of land where I plant high value horticultural crops and grafted fruit trees for sale. My products include high end traditional African vegetables as well as exotic such as cabbages and kales. I always do timing such that my vegetables are in the market during drought seasons when demand far outweighs supply. This has always given me, competitive edge against my competitors and since most of them doesn’t always have the products at that time. I always ensure my products are of high standard, fresh and healthy so that my clients can get the highest quality from best quality products.
In a typical month I always use Ksh 6,000 to take care of my farm business. I use the money to buy fertilizers and pesticides who help me prepare my farm, seedlings and other miscellaneous. My monthly revenues are Ksh 9,000 in a month, In a good month I make profit of Ksh 9,000.
I am requesting for a a loan of Ksh 19,904 to buy assorted farm tools, seedlings and horticultural crops to help me expand the farm and serve my clients on a timely manner. With the projected rains coming in the month of November, I look forward to having an increment of profit by 30%, With the new loan fund capital injection in the business, I will 20% of the increased income to repay the loan, pay my two children school fee and buy food for my family.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Oct 26, 2015
Repayment status
Late
Projected term
50 months
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