Loan to expand my groundnut farm
Morine
Busakala, Kenya
$0 to go
100% funded of $150 goal
0
days left
Entrepreneur
Name
Morine
Member since
January 2016
On-time repayments
6 installments • 0%
About Me
I went to Busakala primary school but couldn't complete secondary level due to fee problem. I admired being a businesslady so I never gave up. I sold vegetables and kept savings. It accumulated and through my father's support I acquired a piece of land and grew groundnuts. Our culture demand stress more on character moulding hence my desire to mould my child
My Business
I sell my groundnuts at Bungoma town. My major challenge is huge expenses while transporting the groundnut. It's on high demand as oil is extracted from it. I use profits to improve home,buy food and save the rest in bank account as am single mother and my child is yet to start schooling. I get enough profit to maintain my family since groundnuts are on high demand. I plan to start retail business too as a supplement to my source of income. My future plan is to start a kindergarten since we only have one in my locality. I also wish to acquire my own pickup so that I transport my goods myself as these transportation costs eat up most of my income. I believe in saving culture especially because of a fact that in future I will need to pay school fees for my child
Loan Proposal
I wish to use my loan if approved as outlined below :-
Leasing of land may cost around 6000KES (Approx 60USD).
Paying workers may cost 5000KES(approx 50USD)
I may spend around 30USD to buy food for feeding workers in the field. Kindly lenders fund my loan proposal to help me accomplish my mission and dream
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jan 30, 2016
Repayment status
Late
Projected term
6 weeks
Lenders
United States
Norway
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