New farm clearing for new drip irrigation project

Cosmas Nzilili

Mwitasyano, Kenya

2% repaid

Entrepreneur

Name

Cosmas Nzilili

Member since

July 2017

On-time repayments

12 installments  •  8%

About Me

My name is Cosmas Nzilili. I work for a rescue centre for abandoned children. I hold a degree in finance and I work for Sikizana Trust for community Development in Kenya. Am married and blessed with five children. I grew up from a very poor family and at one spent sometime collecting scrapes on the street. I got a scholarship after performing well in primary and joined starehe boys centre from where I went to Nairobi university.

I started a rescue center to make no child ends up suffering like I did. The farming business is mainly for raising sustainable source of funds and food for the children.

I come from the lower eastern Kenya on the slopes of Chyulu hills. The people are always affected by drought hence they are very resilient and hard working. I have five own children with one already pursuing degree in hospitality. The boy, the four have shown interest ranging from mechanical engineering, medical doctor to electrician.

My Business

I have salary and farm outputs as source of income. In a month it is possible to raise 20000 shillings. Am paid a salary by Sikizana Trust for community Development where I am a founding Director and I combine with selling vegetables from my irrigation farm.

Loan Proposal

I have bought 2.5 acres of land to increase the land under irrigation. It is bushy and not fenced. Once finished, the project will increased my earning threefold. This loan will be used to hire labourers to clear it at $45.00 per acre.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.31

Date disbursed

Oct 8, 2017

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $8.36

Credit risk payment: $7.79

Cosmas opted to pay $107.49 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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