Loan to put up a grain store

Geoffrey

Kericho, Kenya

95% repaid

Entrepreneur

Name

Geoffrey

Member since

July 2017

On-time repayments

63 installments  •  41%

About Me

i am well known as Geoffrey, i studied in the following school, Kpakatet Primary school, Litein Boys secondary school and later Kericho Teachers Training institute. Getting employment has been a mountain to climb and thus with my knowledge in Agriculture having pursued these course in school, i decided to venture into serious farming at home.
I practice farming in my fathers land where i have planted maize in 1/2 acre piece of land and the the 1/2 acre i have planted cabbages. I started farming as a business following missing on employments.
Kericho is a unique town because of the large number of tea that i produced in the same that and exported for seal,

My Business

I am a farmer in Kericho town engaged in the production and selling of maize as well as cabbages. These goods are useful in that it is the staple food for many around our area and for these reason the demand is very high. I chose these business since i was good in agriculture way back in school and also with availability of land for farming it was the right business for me to take.
I have been using the income that i generate from the sale of my products to support my struggling parents in raising my siblings, i save part of the profits and also s\run some errands here and there.

Loan Proposal

i will use the granted loan to put up a grain store shop in town. I am preparing to harvest my maize and cabbages early next month and hence i am making these preparations as i anticipate a good harvest.
I wish to lease a shop in town for 50 us dollars a month, the shop is big as well as strategically positioned in town where i can win many customers. Given the loan, i will add my savings of 25 us dollars and lease the shop, use 30 us dollars to furnish the room with good shelves and make some seats.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$40.00

Date disbursed

Jul 12, 2017

Repayment status

Late

Projected term

5 months

Other loans

Lenders

PG

Paul Graham

United States

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