Money maker pump for irrigation

Maurice

Angorom, Kenya

100% repaid

Entrepreneur

Name

Maurice

Member since

November 2014

On-time repayments

287 installments  •  7%

About Me

My name is Maurice Odhiambo Otieno,I went to Angorom primary school,due to financial constraints I was not able to proceed with my Secondary education,i went to Alupe Farmers college and graduated with certificate in horticulture.
After struggling to get work as a farm hand ,I managed to land a job as a farm hand.I decided to start my on commercial farm a few years later. I grow high end horticulture crops and supply local primary schools with the produce.
I currently have three children ,one boy and two girls they go to local primary school.My kids want to be doctors in future,I do my best to take care of the and ensure they get the best in life.
I usually play soccer during my free time and I closely follow English premier league.

My Business

My commercial farm ,provides fresh high quality horticulture including kales ,cabbages and capsicum.I usually ensure my clients get goods in fresh condition.
I stay in densely populated area,and most of the population are non farmers this gives me a competitive edge against my competitors. I also provides goods during troughs when the vegetables are scarce in the market ,this makes me get premium prices for my goods.
In a good month I spend $100 on pesticides and general farm maintenance,my revenues in a good month are always between $300-$400 ,I make profits of $200 in a good month.
I use my profits to pay school fees ,for my kids and one adopted kid.I also use my profits to take care of my elderly mom,who is currently suffering from diabetes.

Loan Proposal

Dear lenders,I am writing to request for funds to enable me purchase a irrigation pump for my farm. I will add the $50 on $75 i have saved to buy the money maker.This loan will help me because the drought season has already started ,yet I have not yet save enough money for the pump.I will be grateful ,for your support thank.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Nov 13, 2014

Repayment status

On Time

Projected term

6 weeks

Lenders

McJulio

New Jersey, United States

L

Leonora

TÄBY, Sweden

SE

Sven E

Mannheim, Germany

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