Onion farming

George

Nairobi, Kenya

100% repaid

Entrepreneur

Name

George

Member since

April 2017

On-time repayments

112 installments  •  73%

About Me

I grew up in Kenya up country a small village called Winzyeei. I schoolled in village primary school then proceeded to nearby high school. I later on transferred to another high school where I completed in 2009. I later joined United States International University for my bachelors degree in International Business Administration.
When I was growing up, I had a challenge of procrastination which at some point in primary school I lost track and almost dropped out of school. This affected me both academically and on personal planning. I took more than a month trying to analyze the best way to overcome this until I started a personal diary. In my dairy I captured all day activities in advance and I started working on time management and avoiding distraction.

The idea of Onion farming was as a result of visiting a nearby groceries and the purchase cost was way too high with a kilo just about 1 USD. This on average implied that there was high demand than supply. I saw this as an opportunity to start something on the side and which also earn me extra income. I started with an acre as a trial phrase. I had a few challenges on management which i solved by hiring a permanent worker. The final produce was below average to the following factors. There was poor management in terms of labour allocation, post harvesting management, knowledge of the market, and labour related issues.
Where I come from land is held up by family or individually. This means land is not community based.
I want to establish an empire for my children and a generation to come after them. I believe onion Farming and farming in general will grow to great depth and also branch out to other revenue generating opportunities.

I love swimming. This is something I enjoy doing, it relieves stress and fatigue. Swimming also help strengthen my body through exercise and also makes me more active.

My Business

To provide onions which are used by almost all homes in the world. It's a product which has a demand globally. Onion farming are less labour demanding, require few man hour and, where I come from the temperature I favourable for this activity.
Previously my total cost was kes 30,000 and I got a revenue of kes 55,000. If done and managed well the revenue could tripple.
The last profits I used to pay for my school fee since am pursing ACCA certification. I have reinvested some amount on the project as am expanding the farm.
I also support primary school pupil with books and with cash rewards to motivate them on achieving higher grades.

Loan Proposal

Am in the process of transplanting the 1 acre under the onion and the labour cost could amount to 20,000 Kes which is equivalent to 200 dollars, After the transplant i will be doing insecticide control and preparing for harvesting. This combined cost could be estimated at about 10,000 Kes which is equivalent to 100 dollars. After that i will incur some cost on marketing logistics for the products. This could be about 10,000 Kes equivalent to 100 dollars. The remaining 10,000 Plus personal contribution of similar amount will go towards phase 11 of the same project which i intend to start from early October 2017.

Your financial support towards this project will be highly appreciated.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$496.00

Date disbursed

Oct 4, 2017

Repayment status

On Time

Projected term

11 months

Lenders

A

Andy

Berlin, United States

Elly

Woudrichem, United Kingdom

PG

Paul Graham

United States

Craig Newmark

United States

WS

Warren Shen

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Darren Jeppson

Denver, Colorado, United States

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