Loan to transport my rice produce

Entrepreneur

About Me

I am Antonina Gachiani. I was born in Mwea Township, kirinyaga County, Kenya. I took my primary school education and high school in the same county. I then did my college studies in Agri-Business at Egerton University, Nairobi Campus. I finished my course then started farming on the little land I was allotted by my dad. I raised my first capital from an informal job I had done immediately after college. Agriculture is an important part of the Kenyan Economy and culture. Every community practices some form of agriculture. Domestic agriculture is the major source of food in the country. While I love the general practice of agriculture, I also have passion in business management and this is good for my area of practice.

My Business

In Mwea kirinyaga County, Rice farming is a major economic activity. I plant Rice for sale on one acre piece of land. Its an incredible occupation both in business and food supply. Food is always on demand and I also have a passion for agriculture, coming from a culture that values hard work and production. I harvest averagely 24 gunny bags of Rice per acre, each of which I sell between Ksh.5000 (USD.50) and Ksh.7000 (USD.70). I spend Ksh.25,000 (USD.250) per acre from planting to harvesting. The acre makes approximately Ksh.95,000 (USD.950) to Ksh. 143000 (USD 1430) NB: This is the total that i get after 5 months (This is how long the rice takes to grow ).In future i intend to rent around 5acres piece hence increase my returns. I save some of the profits I make, some spend on my children's fees and other investments.

Loan Proposal

I produced 28 gunny bags of rice in the last harvest. The Rice just dried up and I received orders from A Boys High School in Nyeri Town, A SUpermarket in Maru Town and a Childrens Home in Embu Town. The Loan am borrowing will be for hiring a Canter Lorry to transport the rice to these Towns, Pay a driver and Fuel the Lorry. This will cost me 250 USD for the hiring and driver and 140 USD for the fuel to these towns. THe towns are located in close proximity and the transport trip will take a maximum of 1 week. I sell a gunny bag at a standard of Ksh.6000 (60 USD) and the extra 4 Gunny bags add 240 USD to the usual income I used to make. Transporting the rice to these towns will help me create a presence there and therefore widen my supply scope. THis will be good for the future of the business. I hope Zidisha and the Lenders Community will help me achieve this. I highly appreciate any help that I may be accorded. Thank you in advance.

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