Potatoes that saved a life

Joseph

Katheri, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

April 2015

On-time repayments

48 installments  •  56%

About Me

I am joseph gikunda. I was born on 21st February 1987. I was 7 years old when i started my primary education at katheri Primary School where i completed my primary education in 2002.i joined Meru high school education and completed my Kenya Secondary Certificate Education 2006.
The main hardship i have encountered after completing high school is the raising of capital to start my agribusiness which was about KSh. 60,000 that includes the cost of putting piped water and acquiring hybrid potato seeds.
The idea came to me when i needed money to look pay my college tuition ,i needed 43,400ksh which would be readily acquired if i had some income generating project . I started buying and selling potatoes but due to high cost it was not successful and that's when i was introduced to potato farming by a neighbor.
My home place has a cool and wet climate which promotes potato and vegetables farming.
I want my children to get quality education and have all the resources to see them succeed in life.
In my past time i like reading books on business including agribusiness,business and entrepreneurship articles.

My Business

I am currently doing agribusiness, with my main crops being potatoes, cabbages, kales and onions.I prefer these crops since they a short maturity period of between 2 to 4 months. Again, I plant on different parcels of land such that at any give month, there's a crop I am harvesting. Through this, I am able to generate income every month, and through this, I am able to take care of my family.

Loan Proposal

following my unfortunate encounter with my business i wish to acquire a loan to buy water pipes each costing about1 USD and potatoes for planting with each tin costing 6USD . the potatoes should by four months have matured and with an average of 6 bags per tin i will get total of 30 more bags this will will greatly help to raise the capacity of the potatoes needed at the store . it will also improve on the fodder capacity production which is my major source of maintenance income as its used in dairy farming this will provide me with a monthly revenue increase of about 112USD which is about 23% . and within the end of year i will be in capacity to supply orders of hotels and schools.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 21, 2015

Repayment status

On Time

Projected term

11 months

Lenders

C

Christian

Saarbruecken, Germany

PaulE

Cockeysville, MD, United States

ProfWriter

Boone, United States

Z

zidscott

United States

JonasL

Stockholm, Sweden

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