Loan to buy fertilizers for planting kales

Paul

Burumba, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

December 2014

On-time repayments

26 installments  •  65%

About Me

My name is Paul Oteba ,I was born in a family of eight and I am the first born.I went to ojamii primary school and joined Township Secondary school,due to financial constraints ,I did not manage to join college.
After secondary school,I had no job.I decided to work as farm hand in a neighbors farm,with time i started growing my own vegetables.After sometime time I realized I could earn a good living out of agriculture.I decide to upscale my activities to earn living.
I have three kids,they all want to be nurses when they grow up.I always work hard to ensure they get the best education available.

My Business

I am a horticulture farmer.I grow kales and cabbages for sale to hospitals,schools and traders in the neighborhood.The demand for this goods is very high due to high population in the neighborhood and bad weather conditions that make it impossible to produce without irrigation.
I offer fresh and high quality vegetables to my clients.I always ensure I offer my products at a good price so as to retain my clients.
In a month I spend $100 on labor,generator fuel and pesticides.My revenues range between $200-$300 in a month depending on season.
I use my profits to pay pay fees for my kids and take care of general leaving expenses.I also take care of my aging parents and grand parents.Thank you so much for visiting my profile.

Loan Proposal

My name is Paul Oteba ,I am requesting for a loan to help me buy fertilizer for my kale's that are to be transplanted in one weeks time,I need fertilizers worth $180 to plant 0.75acres,however I have saved only $80 for the purpose.This loan will be a timely loan and will help me avoid exorbitant Shylock.Thank you so much

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 19, 2014

Repayment status

On Time

Projected term

6 weeks

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