Loan for farming peas

Stephen Nyaosi

Subukia, Kenya

100% repaid

Entrepreneur

Name

Stephen Nyaosi

Member since

April 2016

On-time repayments

182 installments  •  42%

About Me

The following are the required start-up costs:

The purchase of Dan Jokerdoc D.D.S.' private practice. The purchase includes the patient list, office space, front chair and desk, two dental chairs, two light systems, fully-equiped sterilization room, compression air system with a suction unit, x-ray unit, mirrors, and a phone system. This practice has been valued by the following variables: equipment, office space already built for a dentist, goodwill, and future revenue streams. The equipment has been valued at $30,000, $15,000 for tenant improvements on the office space, the patient list at $5,000 and $25,000 for future profitability. The entire practice was sold for $65,000 because Dr. Jokerdoc was in need of quick cash. Statistical studies have shown that patients that are made comfortable are likely to stay with the new doctor when a practice is sold. This will help with cash flow, minimizing the amount of start-up cash. The bulk of the equipment needed will procured through the purchase of the practice, however, there is a lot of equipment that will be needed to be purchased separately.

My Business

The following list details what else will be needed.

Front desk equipment including a Xerox machine, fax machine, a computer terminal with Microsoft office, QuickBooks Pro, laser printer and a CD-RW.
Disposables which include: assorted trays and explorers, x-ray film, filling material, paper products, and impression material.
Placing instrument.
Curing instrument.
Ultrasonic scaler (for removal of prophylaxis).
High- and low-speed drills (enough for two operators).
Please note that all items that are to be used for more than a year will be classified as long-term capital assets and will be depreciated using the G.A.A.P approved straight-line method of depreciation.

Loan Proposal

I write this second to ask for second loan that will see me engage in peas farming. This initiative has been trending in Nakuru and its environs with entry of a company Frigoken which has been serving as an outlet for market. In the past farmers were selling to traders from Nairobi and with entry of this company, Nairobi traders were forced to up their price in order too get customers, this created competition among the buyers and the farmers ended up benefiting. With this, I will require only four months to have them ready for the first harvest. I 1 acre of land, am projecting a profit of about Ksh 20,000 within four months which is a good investment since I will be harvesting every one week thereafter.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.00

Date disbursed

Mar 31, 2017

Repayment status

On Time

Projected term

51 months

Lenders

JimVandegriff

Trinidad, California, United States

JFais

Atlanta, United States

Paul Buchheit

Mountain View, United States

B

bscent

Hong Kong

EthicalHost

Toronto, Canada

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Haroon S

United States

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

A

Anonymous

United States

MP

Michael Poley

United States

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