Loan to plough my farm to plant maize and renovate my house
Maximillah
Ekisumo Village, Kenya
100% repaid
Entrepreneur
Name
Maximillah
Member since
February 2015
On-time repayments
68 installments • 16%
About Me
I am 40 years old, a teacher by profession and a layreader at my local church. I was born in a polygamous family, my father had two wives and 10 children, since he was just a peasant farmer he struggled to school all of us. I was lucky to have been educated upto secondary level before he died. After his death, life changed to the worst, we were forced to work in the farms and other casual jobs to sustain the family as my mum was before then, a housewife.
I worked tirelessly to help fend for the family and also raise fees to go to a teacher's college where I graduated. Currently I am a teacher by profession, married with five children.
Low salary compared to the ever rising cost of living and the need to educate my children challenged me to start agri-business to help sustain my family.
My Business
My business is farming. I grow different types of crops depending on the season and market viability. Examples of crops I grow are, maize,beans,sunflower,vegetables etc. Mostly I choose short term crops because they don't require a lot of capital and the demand is high and also you earn after a short time normally 2-4months.
I chose this kind of business because I have first hand experience having worked in the farms for long before going to college.
I rotate these crops every season on my 2 acre piece of land,.typically I use about $85 to plough the shamba, $45 to harrow,$85 for seeds and fertilizer and $100 for labour from planting to harvesting. This season I am specializing in maize and beans. After harvesting I will make a gross income of about $550 from the maize and $250 from the beans. The profits realized from this venture is used to pay fees for my children. Thanks
Loan Proposal
I am requesting for funding to plough my 2acre piece of farm to plant maize and beans, this will cost $100 to plough and harrow. I am intending to use the profits from this venture to complete plastering my house. Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 9, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Hong Kong, Hong Kong
Taiwan
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