Loan for potatoe planting

Monica

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Monica

Member since

February 2014

On-time repayments

221 installments  •  54%

About Me

I live in Nairobi . I got interested in business because it will make me be independent and even create employment for others. For the past three years i ventured in agribusiness and it has really made me grow because I managed to purchase a small piece of land, thanks to my kind lenders. I now wish to venture into a new project of dairy farming and continue creating employment for the locals as i also grow and help educate my school going kids.

My Business

I Previously had an agribusiness project whereby I planted potatoes and vegetables such as cabbages, sukuma wiki, spinach as well as tomatoes. This agribusiness enabled me to purchase a small pieceof land at the village . I would like to construct a cowshed and now diversify into dairy farming. Dairy farming is a lucrative venture in our village and it is also dependable since it runs throughout the year. It also has ready market. The approximate cost of the cowshed is KES 70,000 .With your kind support, I will complete building a cowshed and when i finish paying of the loan, I will request another loan to purchase two or three cows to add on to the ones I have . Thank you so much as you purpose to lend.
Thank you.

Loan Proposal

My three acres of land is already ploughed using the previous loan that i completed paying .I would like to request for a loan of KSH 57,275 for use as follows :
1. Purchase of 10 bags potatoe seedlings
2. Purchase of local manure to boost the fertility of the soil
3. Payment of atmost three labourers
4. Purchase of pesticides
The crop will be ready for harvesting three months after time we plant.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$659.00

Date disbursed

Sep 4, 2014

Repayment status

On Time

Projected term

5 months

Lenders

Jason

Auckland, New Zealand

B

BigRosie

United States

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