Entrepreneur
Name
Jacob
Member since
February 2016
On-time repayments
38 installments • 71%
About Me
my names are jacob sikuku,i grew up with lots of hardship due extreme poverty ,meals were not guaranteed and schools were several kilometers away. I struggled and completed primary education and secondary education but did not make it to college due to financial constrains that hit hard my family.
I joined walese youth group were we were trained on various crop production techniques,I developed the interest in farming but start up capital was not there and so i decided to to take $100 loan from the group that I used as start up capital,the business went on well and I was able to repay the loan and embark on expanding it.
I am a basketball player and couch and when I am not in the farm I am always out in the field training.
My Business
I grow vegetables in my farm and sell them to a nearby school.the market is always guaranteed and the demand is always high .
the demand is high due to scarcity of vegetables in my locality. I choose farming business after receiving training on production of vegetables.
my monthly costs are $100 and monthly profits are $250-$300 on average per month. with expansion of the farm I can be certain of increased profitability.
I use the profits to save for expansion,pay fees for my sibling and donate in church,and supply 400kgs of vegetables to Rehema childrens home for free every month.
thanks for stopping by
Yours Jacob
Loan Proposal
given the loan I would spend the money on water tank $40 and foot pump at $120. the water tank will hep me store water for irrigation and the pump will help me water the crops. These would increse production by 80% and my revenues by $120 per month.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$199.00
Date disbursed
Feb 23, 2016
Repayment status
On Time
Projected term
48 months
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Hans Moor Mar 15, 2017
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