Money to purchase a water storage tank for irrigation
Walter
Lavington Nairobi, Kenya
100% repaid
Entrepreneur
Name
Walter
Member since
March 2015
On-time repayments
34 installments • 62%
About Me
I was brought up in the rural and had challenges in my childhood. This made us, as a family, to device ways of getting money to support ourselves. I used to sell farm produce at the local market in the evening after school until I raised money enough to pay for my school fees and further contributed towards my aunt's cereals business.
It was last year when i sought to start an agribusiness. The business in located in an area with good market for fresh farm produce.
My Business
I started my business a year ago. The business has been growing slowly and now serve nearby schools and residential people who get fresh vegetables and other garden produce.
The area has a big market and I look forward to increase my production for better profits.
Given financial support, I will be able to increase production and plant variety of crops in high demand.
Loan Proposal
As a farmer, I face a number of challenges concerning the nature of my business among them is water shortage. shortage of water has costed me a lot of money especially during the dry seasons when suppliers shoot their prices per litre supplied. Sometimes forcing me to batter trade my farm products in exchange for water. If I a m given this loan, i believe my work will be easier than before. It will help me cut the water acquisition costs that i face daily in my business and this will even lead to higher profits.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
Jun 20, 2015
Repayment status
On Time
Projected term
8 weeks
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