Loan to buy maize seed and fertilizer
Mactilda
Mumia Road Center, Kenya
$0 to go
100% funded of $97 goal
0
days left
Entrepreneur
Name
Mactilda
Member since
June 2015
On-time repayments
81 installments • 12%
About Me
I grew up in a small rural village where i first saw tv at the age of 14 and it was so scary.Nowadays i laugh.We grew up with a father and mother who tried hard to feed our big family of 13 children.I attended primary school and later tried joining secondary school but stopped at Form 2.I started farming,planting maize and potatoes until i saved and started my shop.I am now a trader who owns a small shop and have been a farmer for 8 years,the farming helped me open my shop and i am now planning to open another shop.I married a good man who helps me achieve my goals and as i sell he goes out to sell charcoal and brings the profit into the shop.
My Business
I have a shop in which i sell small juices,salt,sugar,tea leaves,soda and other amenities used in homesteads around by local people.I pay 20$ for rent and have a stock of around 150$.This shop gains me approximately 30$ per month in profit which i use to pay our childrens fees and which me and my husband use to feed ourselves too.I enjoy my work as my profit depends on my efforts.
My first loan helped me to boost my shop and now i have managed to acquire land for farming and want to plant maize in it,i need 10 bags of maize (each bag costs 3,200kshs or 32$) and 5 bags of fertilizer worth 20$ .
Loan Proposal
I will buy 10 bags of maize at 32$ per bag,and 5 bags of fertilizer at 20$ each.I will also buy two new hoes to use in planting the maize,these cost 3$ each and i will hire oxen to plow the land at a cost of 20$ per day for 3 days.I expect to harvest at least 100bags of maize and sell 80 bags of the maize at 40$ per bag while i will use the remaining 20bags of maize for household food for the season.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Jun 18, 2016
Repayment status
Late
Projected term
7 months
Other loans
Lenders
United States
United Kingdom
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