Loan to buy maize seed

Amos

Voi, Kenya

17% repaid

Entrepreneur

Name

Amos

Member since

January 2015

On-time repayments

181 installments  •  65%

About Me

My name is Mwanose Amos,,,,i grew up in a shanty village of mghange village in sagalla location,voi sub county.i went to sagalla primary school .later i joined mwakichuchu sec from form 1 to form 4. i ventured into farming so as to get money that will act as a get pass to further my studies.i like reading alot...and my desire is to get more education from the one i posses.

My Business

My business is all about Agro business.i have concentrated much with planting maize tomatoes and onions. The vegetables that i grow are in higher demand since the target clients and consumers do not have access to these products due to poor rain fall and lack of enough land to do farming.i chose this business because it required little capital to start with and there is ready market for the products.The typical costs runs from 25000 to 35000 and the revenue is close to 55000 to 60000 depending on demand and market price.i use the profits to grow my business and also home improvements.

Loan Proposal

I will purchase maize seed that i will use to plant in my farm..i will use 160usdollars to purchase seeds and the remaining 60usd dollars to purchase agro chemicals to prevent pests...i will expect to get good yields of about 30 bags of 90kgs. Which will translate to 250 usd ollars in profit .thank you in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$159.00

Date disbursed

May 23, 2018

Repayment status

Late

Projected term

12 months

Lenders

Emma

Australia

Paul Buchheit

Mountain View, United States

L

Lisa

United States

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