Loan to buy farm seedlings,fetilizer & chemicals

George

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

George

Member since

February 2016

On-time repayments

38 installments  •  89%

About Me

Well, thank you for this opportunity.
Fist I am a middle age man and since my time as a young child was born and brought up in a rural area. I was born as a first born of three and I was taken to school as well.
I managed to go through primary and secondary education. My parents were not well up and relied on farming and rearing livestock to educate and feed us. While in school, used to help my parents with domestic activities like taking cows to the river and cultivation. Later i managed to join a technical training institute for skills and attained my profession in Agriculture and livestock management. I have been looking for a job even with government in vain. I started working in a tea farm as a supervisor where I accumulated some money while saving. I rented a piece of land and started doing horticulture farming. Now I am a happy man doing my own business and that is how came to start my own business. My children would want to be well brought up and get educated to earn skills to be business people. My hobby is watching football and
Helping youths to avoid drugs and embrace one another.
Thank you.

My Business

My business is purely in offering agricultural products mainly horticulture.
I sell fresh farm produce like Tomatoes, cabbages, Kale, Lettuce, Green grams, watermelon E.t.c
These products are all year long on demand because they are vegetable ingredients need as food and for good healthy. They add value to our daily nutrients needed in our body.
I choose this business since i have a good understanding of farming love it as a profession and it gives me my daily bread. My typical costs are mainly cost of buying seedlings, cost of labor, fertilizers, chemicals, transport to the market and equipment like Generator, water pipes and security.
My profit usually goes toward meeting these cost and my personal expenses. I also do take some produce to children homes besides helping my parents.
Thank you.

Loan Proposal

When I get my first loan will prepare for the coming season and buy inputs like Seedlings. These will be cabbage USD 16.00, Tomatoes USD 18.00, carrot USD23.00 & more of Green grams at USD21.
More important will also be DAP Fertilizer at a cost of USD41.00 & Assorted Chemicals at a cost of USD 34.00.
This will be amazing for my next great season which i usually get a profit of around USD50.00.Now with the available farming requirements i will shoot to around USD80.00.This will help me greatly in my focus as i will be among the farmers taking these products to the market therefore fetching me some good money since the supply will be low. I will not waste time worrying where to get money to buy my farm inputs.
I will be happy and my profit will increase gradually.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

investor

Candiac, Canada

ExplorerOz

Sydney, Australia

B

Brent

United States

PG

Paul Graham

United States

MS

Mike Sutherland

United Kingdom

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