Lease more land for tomato farming

Geoffrey Kago

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Kago

Member since

April 2016

On-time repayments

183 installments  •  40%

About Me

1.1 Objectives
The objectives for the first years of operation include:

To create a start-up organization from an already existing practice whose primary goal is to exceed customer's expectations.
To increase the number of clients by 20% per year through superior performance and word-of-mouth referrals.
To form a dentistry practice that is able to eventually survive off its own cash flow.
1.2 Mission
The Tooth Fairy's mission is to provide the finest dental care. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.

My Business

My business is farming and it involves tomatoes farming in 1 acre of our land, Subukia is known as a place where tomatoe farming is practised by many. From as far as Nairobi, retailers and wholesalers come for this product here. Way back we had a processing plant at a place called Kabazi, that is Kabazi Canners but it closed its doors as many farmers could not cope with their low price and delayed payment. We are currently at second season which runs mostly from November to April. During my first season January to October I planted this crop and it did well I was able to repay the loan. I am also slightly getting into French Beans farming but has not done that full as I intend to study the market first.

Loan Proposal

Dear Zidisha and Lenders, I am requesting for Zidisha loan to Extend my tomatoe farming, I have been concentrating on the sale and sometimes do buy from other farmers and due to my knowledge in the market, I have not been able to fully satisfy the market. With extra land, I will be able to increase my Supply and still concentrate on selling. The cost of hiring new land is USD 200 for 2 acres and then I will do the planting. Due to my vast knowledge in market, I am convinced that this is a profitable venture and am looking forward for even better future.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.01

Date disbursed

Apr 25, 2016

Repayment status

On Time

Projected term

49 months

Cost to entrepreneur

Service fee: $8.24

Geoffrey opted to pay $58.85 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

PG

Paul Graham

United States

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