Orange farming

Abraham Musyoki

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Abraham Musyoki

Location

Nairobi, Kenya

On-time repayments

22 weekly installments  •  82%

About Me

My name is Abraham Masiku, first born in a family of 6. Born and raised in Makueni county in Kenya. Went to school in a local primary then later joined Machakos school for my secondary education. Joining campus was a challenge and thus started some vegetable farming to raise money for my family and my upkeep as well. Later on like a year later by the grace of God I managed to join a college to study business management. School fees was a challenge since the little we got was supposed to pay for the six of us. Had lost my dad while I was in class 8 and my mum is a house wife and the only source of income was proceeds from the small orange trees my dad had planted.
This motivated me to venture into this line of business. My target is to have a minimum of 10,000 orange trees and later on open a fresh juice processing company.

My Business

My business is majorly on orange farming which is one of our main cash crop in Makueni county in Kenya. since this is a seasonal thing, I'm planning to do irrigation which will ensure continued production. In a single sale one can get up-to 1,000 US dollars and thus having continued production this can raise up-to double the returns. Expenses associated with this kind of business is buying of pest control chemicals, spray equipments, weeding, pruning and labour.
On top of that, have also engaged in Chicken rearing to boost my income.
We have ready market for the produce and as for now demand is very high as compared to supply.
I use the profit to pay school fees for my siblings who are in colleges as well as upkeep of my mother.

Loan Proposal

With this loan I will buy a water pump to enable pumping water to the farm. This will boost the production since will be able to do all season farming without waiting for rains
At the moment the production might not grow as such but hoping in the next two to three months will experience double or even triple growth in production

Feedback

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Lenders

Deirdre

Yorkshire,  United Kingdom

mabo

Germany

Girolamo Marroccoli

Basel,  Switzerland

Sayuri

United Kingdom

Jim Murray

United States

Dieter Meeuwis

Deurne (Antwerpen),  Belgium

Maximilian Lim

Singapore,  Singapore

alexalexalex

Berlin,  Germany

Mark Wilco

Columbus, OH,  United States

Amon Munyaneza

Kigali Rwanda,  United States

Bruno

Vancouver, Canada,  Canada

Michael Bauschke

Dresden,  Germany

sbdoc

Reno,  United States

The X2AI Team

San Francisco,  United States

kt

Brush Prairie,  United States

Sinan Taifour

Munich, Germany,  Germany

Hans Moor

Vorden,  Netherlands

Dan Brinkman

Lynden, WA,  United States

JonasL

Stockholm,  Sweden

Mr Chris Turner

Cambridge forever England,  United Kingdom

Aran Dunlop

United States

MarktheMormon

Sandy, Utah,  United States

Mikers

Netherlands

ibc123

Seattle,  United States

mtnsailor

Harrisonburg,  United States

AndreaBravi

London, UK,  Canada

MR

Michiel Rauws

San Francisco,  Netherlands

JA

Jared Anthony

CT,  United States

Norway

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grahamk

United States

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Shar Alamdari

Los Angeles,  United States

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Vince

Wagga Wagga,  Australia

TL

Tao Luo

United States

H

Harry

Florida,  United States

KP

Keith Penrod

United States

W

winfried

Seoul,  Republic of Korea

S

stroll

Stockholm,  Sweden

R

rmacaw

Australia

U

USDescartes

Columbus, OH,  United States

A

akshu71

Ottawa,  Canada

T

TZ

Singapore,  Singapore

BS

Brandon S

United States

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Loan Info

Disbursed amount

$300.00

Date disbursed

Jul 5, 2019

Repayment status

On Time

Projected term

2 months

Cost of loan

Service fee: 5% of $300.00 = $13.48

Credit risk payment: $67.43

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