New breed of seedlings for my farming business

Joseph

Eldoret Town, Kenya

87% repaid

Entrepreneur

Name

Joseph

Member since

November 2016

On-time repayments

26 installments  •  73%

About Me

my name is Joseph but many people around call me jose. I was born and raised in Eldoret town, i went to Kapsoya Primary school up to 8 and later on joined Uasingishu High school for secondary education. i was unable to proceed with higher education because i was raised by humble parents who enagaged in casul works. my father was a matatu driver and my mother a house wife.
I was therefore left with no other choise other than enage in something constructive to make a living, we had a very big land which was idle and i thought of doing farming to earn a living. I started selling seedlings and young trees, i nurtured them and then sold them at the streets in Eldoret town. This has been my business for the last four months. The most unique thing about our land is the fact that it favous farming so much and this thus increases the yields that i get.

My Business

i am a farmer engaging in planting and selling of seedlings and young trees. I nurtur them at the nursery and then when ready for sale, i take them to them market places. I also take orders from people because i engage in selling quite a variety.
This goods are useful because they help me earn a living, they attract rainfall, and also when fully grown the bring good breeze in our compounds. It is also on demand because i sell variety of trees and thus thefore make many people come to my place to look for what they want.
i chose this business because the market for the trees was highly available and also the space for doing this business was also available. i recently started this business and thefore large part of my profits goes to the growth of this business and also maintenace of my living in town.

Loan Proposal

Given the loan, i will use the money to buy new breeds of seedlings that is currently on demand. The seedlings are quite expensive because they are the indigenous type. With the loan therefore, i will be in a position to buy the seedlings and addto my stock. It roughly costs around 200 Us dollars.
I will benefit from the same because the indigenous type are quite expensive and ones i make to bring them, i can be guaranteed of an increase in profits. I expect my daily profit to raise by 30 Us dollars on daily basis ones i bring

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Jan 27, 2017

Repayment status

Late

Projected term

7 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

IM

Isak Maaseide

Tromso, Norway, Norway

WE

Wendy Emlyn

Devon, United Kingdom

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