Potato farming

Stephen Mwema

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Stephen Mwema

Member since

July 2016

On-time repayments

13 installments  •  15%

About Me

I am Stephen Mwema, with a degree in economics, but currently a self employed supplier running a supplies company (Mwemba Supplies) which is in its start-up phase.

My Business

I started Mwemba Supplies, which supplies commodities to organizations, and I am currently trying to get some funds to fund an expansion phase.

Loan Proposal

I am a farmer with an eye in making it big in agribusiness. I currently have an acre that I leased and have planted potato. My aim is that when I get this loan, I will it to increase the acreage from the current 1 acre to 3 acres. With a loan of Ksh. 40,000, I will lease 2 more acres at a cost of Ksh. 4,000 each for a full year. That makes it to a total of 8,000. I will then dig the land at a cost of 4,000. Then buy seeds at a cost of 20,000 and fertilizer at a cost of 4,000. The remaining 6,000 will go to paying for labor.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$403.00

Date disbursed

Aug 18, 2016

Repayment status

On Time

Projected term

40 months

Cost to entrepreneur

Service fee: $16.60

Other loans

Lenders

The Zinc Team

San Francisco, United States

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