Buy seeds and fertilizer to prepare maize and beans farm
Livingstone
Nairobi, Kenya
60% repaid
Entrepreneur
Name
Livingstone
Member since
March 2015
On-time repayments
96 installments • 49%
About Me
I am a second born in a family of six children . Our parents were low income earners since my child hood to date. I went to sirwa yala primary from nursery school to standard eight and performed well. Due to those challenges of low income it was hard to achieve my goal of getting the best education and a well paying job. This made me struggle to overcome the hardship and started farming and from farming advanced to selling of farm produce. Simply I started my business by selling maize that I had harvested in our farm.Our land is unique because it has black soil and very fertile. The culture of our place is unique in that people believes that without heavy meals like ugali they will ever be hungry. My children wants to be directors of big farm's in future. I usually pastime with my fellow business men talking on how to grow big.
My Business
My business deals with farm goods this include maize, beans ,bananas and vegetables. This goods are very useful because they are very nutritious and on a very high demand. I choose this kind of business because the products are locally available. there is also a ready market for the products and also when planted takes little time to mature. The coast and revenue varies in different seasons, ie right now I have Ksh 50,000 in business and still need at least Ksh10,000 to facilitate me in buying seeds and fertilizer for this planting season . I know if all goes well I will have double my capital at the end of this season . 20% of my profit is used on food for my family, 20% is used for education of my children, 10% for home improvement and 50% for reinvestment in my business
Loan Proposal
I intend to buy beans seeds at a cost of 23 dollars, maize seeds at 20 dollars and fertilizer at 25 dollars. I will use another 50 dollars from my business for preparation of the land and planting. This will benefit me and others because we will have maze and beans that will be used with my family and community at large. Also I will use the harvest to boost my business; I expect double digit profit from it.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 15, 2015
Repayment status
Late
Projected term
22 months
Lenders
Glasgow, United Kingdom
United States
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