284 installments • 88%
I was born on the 25th. December 1980. I grew up in the village under the care of my grandmother. Having my old grandma as my guardian angel at that young age really prepared me for the life that was ahead of me. At the age of nine years and in class three, I had started to learn how to be independent.I always looked at my grandmother and sympathised with her and could not ask anything from her, not even school books or uniform. To get money for buying the things that I needed, I would accompany the older kids in the village to some sugarcane plantations about 14kms away. We would wake up very early so as to reach the farms before sunrise. We would buy sugarcane which we later sold in the village and made profit.I would buy sugarcane at 20 shillings and sell for between 80-100 shillings. I did this during holydays and by the time schools were opened, I would have enough money to buy my school books, uniform and give the remaining to my old grandma which she used to buy food. So early in life I learnt how to cook, fetch water from the lake and the river and to fetch firewood from the bush. I even tilt our shamba(garden) very well.
I did my primary education and passed. My aunt was impressed with my perfomance in school so she paid for my secondary education.
After my secondary education, I moved to the city to look for a job. I got a job with company X as a messanger. I registered and took a course in accounting. I worked for the company for nine years. In those years I learnt the art of doing business. Doing the same thing at the same place everyday over the years became abit boring so I quit my job. I needed to do something more challenging. I registered my company, did some marketing and got my first orders faster than I had imagined. A problem then arose in the name of WORKING CAPITAL. I had to think fast and came up with the idea of including farming as part of my business. Farming needed less capital to start and I was assured of growth.
I am a husband and a father to a five year old boy in class one. During my free time, I do exercise and read books. Everyday at dawn I either run 15kms or train with light weights before I start my work. Doing exercise has made my ability to work in the farm look very easy. I dont supervise the people who work for me, instead I work with them. I have also learnt much just by reading.
Cyrrently I am involved mainly in agribusiness. I plant tomatoes, watermelon and vegetable e.g kales in a reasonable quantity. This I do under flood irrigation. I have got land through lease along the lake. Availability of water makes my work possible throughout the year.
Apart from watermelon whose buyers come from far or neighbouring towns, the other crops have market readily available just within the area.I had never imagined that this agribusiness idea would be a source of income not only to me but also to other hundreds of people who earn their daily income from activities resulting from this business idea i.e transportation of farm produce. Working on the farm and selling products from the farm to make profit. My business is about the production of food and food is a basic need.
The beauty about this kind of business is that I only plan as per the capital available to me. For every 30shillings I spend per plant, I get a gross income of between 80-150shillings or more depending on the law of demand and supply. The crops that I plant takes between two to three months to harvest. The cost involves purchase of seeds, land lease,irrigation,land preparation and tilting, weeding and even spraying.
I chose this type of business because it needed less capital to start. The profit has helped me to purchase waterpump, irrigation materials, farm implements like wheelbarrows, knapsack sprayers. The profit also caters for my daily needs. I pay school fee, rent and bills. This business, even though still small, has made many others to look foward to it as a source of their daily income just like me. I am encouraged by the African saying 'the largest mogumo(oak) tree you see arround was once a tiny seedling that held its ground'.
I will use this loan to increase my weekly production of ballast. Ballast is a building material that I with the help of my staff, do produce manually from rocks and I currently have many orders due to the ongoing building projects within our county.
I humbly ask for a loan of KES 101,149 to improve my weekly output.
This amount will help me increase the manpower that will help me crush the rocks manually and thereby meet the rising demand that is currently above our production limit.
As a farmer, my other main business is farming and that being a source of a basic need that is food, it has not been affected much because of its' nature as a source of basic need.
The project to which I am seeking funding has not been affected much because I get orders from projects funded by local government and individuals. This has been made possible due to decentralization by the central government that has given rise to constructions at the county level.
Jul 28, 2020
Cost to entrepreneur
Service fee: $84.27
Credit risk payment: $126.40
Dec 13, 2020
|Expected Payments||Actual Payments|
|Aug 10, 2020||$59.13||May 20, 2020||$9.85|
|Aug 9, 2020||$49.27|
|Aug 17, 2020||$59.13||Aug 9, 2020||$9.85|
|Aug 17, 2020||$49.27|
|Aug 24, 2020||$59.13||Aug 17, 2020||$9.85|
|Aug 24, 2020||$49.27|
|Aug 31, 2020||$59.13||Aug 24, 2020||$9.85|
|Sep 3, 2020||$49.27|
|Sep 7, 2020||$59.13||Sep 3, 2020||$9.85|
|Sep 15, 2020||$49.27|
|Sep 14, 2020||$59.13||Sep 15, 2020||$59.13|
|Sep 21, 2020||$59.13||Sep 15, 2020||$9.85|
|Sep 23, 2020||$49.27|
|Sep 28, 2020||$59.13||Oct 2, 2020||$59.13|
|Oct 5, 2020||$9.86||Oct 4, 2020||$9.86|
|Oct 12, 2020||$9.86||Oct 4, 2020||$1.96|
|Oct 13, 2020||$7.90|
|Oct 19, 2020||$9.86||Oct 13, 2020||$3.92|
|Oct 18, 2020||$5.94|
|Oct 26, 2020||$9.86||Oct 18, 2020||$3.91|
|Oct 30, 2020||$5.95|
|Nov 2, 2020||$9.86||Oct 30, 2020||$9.86|
|Nov 9, 2020||$59.13||Oct 30, 2020||$5.86|
|Nov 2, 2020||$53.26|
|Nov 16, 2020||$59.13||Nov 2, 2020||$5.86|
|Nov 23, 2020||$53.26|
|Nov 23, 2020||$59.13||Nov 23, 2020||$59.13|
|Nov 30, 2020||$59.13||Nov 23, 2020||$5.86|
|Nov 30, 2020||$53.26|
|Dec 7, 2020||$59.13||Nov 30, 2020||$5.86|
|Dec 11, 2020||$53.26|
|Dec 14, 2020||$59.13||Dec 11, 2020||$5.86|
|Dec 13, 2020||$53.26|
|Dec 21, 2020||$59.13||Dec 13, 2020||$59.13|
|Dec 28, 2020||$59.13||Dec 13, 2020||$59.13|
|Jan 4, 2021||$4.67||Dec 13, 2020||$4.67|