Loan to facilitate cultivation of potatoes

Mark

Eldoret, Kenya

100% repaid

Follow Mark How it Works

Entrepreneur

Name

Mark

Member since

December 2016

On-time repayments

50 installments  •  92%

About Me

I am Mark Joshua a thorough,ambitious and a Christian always aspiring to be the best in whatever I do.I was born and raised in Kericho and later relocated to Eldoret to start agribusiness.I hold a Bachelor's Degree in Agricultural Economics from Jomo Kenyatta University of Agriculture and Biotechnology.
Due to increasing life's demands,I had to seek an alternative way how I would overcome life hardships in order to provide for my personal needs and also those of my siblings and my own family.I acquired little capital from friends and families and went to Eldoret where I decided to do potato farming.
My child(a girl aged 9) woyld love to be a neurosurgeon when she grows up.
My hobby is playing football and also reading about new potato farming techniques and trends in the market(supply and demand)

My Business

My business is agribusiness where I undertake potato farming.These goods are in huge demand based on the fact that there are Motels, Hotels, Restaurants and Universities in the area which are the greatest consumers of my produce. I chose this type of business because of the large market potential in the area.
I currently have 5 acres of land under potatoes from which I have started harvesting 2 acres and the rest will be harvested at the e'd of this month. I have delivered the potatoes to two motels and payments are going to be made this coming week.
My typical costs per acre include the following:
I) Land hire, 80 dollars per acre (per year)
ii) Fertilizer 4 (50kg) bags per acre 600 dollars
iii) Land preparation , 200 dollars
iv) Weeding and related activities, 100 dollars
v) Transport of farm inputs ,40 dollars
v) Potato seeds per acre (50kg bag) ,400 dollars

My revenues per acre have been averaging 800 dollars.I have been using the profits for payments of my child's school fees,land hire fee, currently building my own house,paying fees for my brothers and sisters and also reinvesting back into my agribusiness.

Loan Proposal

My land is now prepared and ready for planting. Thanks to the earlier loan I received from zidisha. I am therefore goingato this loan for labour in planting. This will enable me have more potatoes for my huge demand and thus satisfying more customers. This will increase my profits by 12%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$73.00

Date disbursed

Nov 1, 2017

Repayment status

On Time

Projected term

15 months

Other loans

Dec 2016:  $11

Mar 2017:  $10

Apr 2017:  $10

May 2017:  $10

Jul 2017:  $16

Aug 2017:  $39

Oct 2017:  $59

Lenders

Mr Chris Turner

Cambridge forever England, United Kingdom

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Mark    Jan 31, 2018

    I used the previous loan i received to add one extra acre of potatoes. I made a good share of profits of USD 1200. This has really boosted my business and i am really thankful for the far Zidisha has brought me.
    I have gone a step farther than where i was.Thank you so much.

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  • Mark    Dec 26, 2017

    With the loan i received, i have actually progressed financially. I cultivated an extra acre of potatoes.I am going to harvest potatoes worth kes140000 and this has been made possible by help from Zidisha. Thank you so much

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  • Mark    Dec 10, 2017

    Low Cash flow

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  • Mark    Nov 24, 2017

    This is to confirm the receipt of ksh 6261. I used this amount to cultivate potatoes and they are currently doing well.Thank you so much for the support.

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  • Mark    Oct 26, 2017

    Thank you so much sir,I will use this loan for potato cultivation. Thank you so much

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  • Mark    Oct 23, 2017

    I used the previous loan to prepare land for potatoes cultivation and also to hire an extra quarter of land. This will really boost my harvest come this harvesting season. This will increase my profits by upto 15%.
    I will use the profits to add more land under potatoes.
    Below attached is the current land preparation for potato cultivation.

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  • Mark    Oct 23, 2017

    I used the previous loan to prepare land for potatoes cultivation and also to hire an extra quarter of land. This will really boost my harvest come this harvesting season. This will increase my profits by upto 15%.
    I will use the profits to add more land under potatoes.

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  • Mark    Oct 13, 2017

    Mr.Chris Turner, thank you so much. The potatoes will surely feed many hungry people,at the moment there are rains ans surely my potatoes will surely do well. Thank you so much. Am humbled

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  • Mr Chris Turner    Oct 11, 2017

    Hello Mark
    I like your potato farming and share your faith, may God help you feed may hungry people. Your crop needs a lot of care and much water I hope it can provided
    Chris

    help you

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  • Mark    Oct 11, 2017

    I used the previous loan to cultivate an exta quarter acre. This added more land under potatoes to the acres I had initially. It's encouraging to note that the potatoes are really doing well and they will be harvested at the end of this month. This was made possible by the zidisha community.Thanks you so much.

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  • Mark    Oct 4, 2017

    I used the loan I received to cultivate more potatoes. My potatoes are really doing extremely well. I managed to add a quarter more acre through the loan and my savings.
    They will be ready at the end of this month. Thank you zidisha for these great success.

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  • Mark    Aug 23, 2017

    I al voing to ise the loan to cultivate more potatoes in my farm. This will boost my farm output. Thank you so much.

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  • Mark    Aug 12, 2017

    I ised my previous loan to pay fpr labour used in ly farm. The potatoes are really doing well and harvest will be due next month.

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  • Mark    Jul 9, 2017

    Thank you so much for the loan. I will use it to pay for labour in my farm. Thank you so much

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  • Mark    Jul 9, 2017

    I did use the previous loan I received for planting and weeding my potatoes. They are now healthy and almost being haevested. Thanks so much

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  • Mark    Jun 5, 2017

    this is to confirm the receipt of Ksh.995 which together with my savings i used to weed my potatoes. Thank you so much.

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  • Mark    May 24, 2017

    Thank you so much MC for your warm support,am humbled. I am going to use the money for weeding. Thank you so much once again.

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  • Mark    May 24, 2017

    With the loan i received,i purchased fertilizer and planted potatoes. My potatoes are doing well and it's almost beeing weeded. Thanks so mych zidisha for the great jo you have done on my farm.

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  • Mark    Apr 27, 2017

    this is to confirm the receipt of kes 995.i used the amount to top up my savings towards purchase of fertilizers for use in my farm. i have already planted and am so thankful to my lenders. thank you so much.

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  • Mark    Apr 20, 2017

    Thank you so much my dear lenders Alexandre Genereux and Edwin Moerland for your timely support. I am going to use the loan to add to my savings and purchase fertilizer for farming. This will enable me plant my potatoes. Thank you so much.

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