Entrepreneur
Name
Rio
Member since
May 2017
On-time repayments
68 installments • 100%
About Me
My name is Rio, I am the oldest of three. I have one brother and one sister. I come from rural area in Indonesia. Currently work for chemical company located outside my home province. I want to return to my village, become an entrepreneur and develop the economic of the local people.
My parents are retired teacher. My childhood is not really difficult. I passed primary, secondary and tertiary school without financial difficulty. Even though my parents income was not big, we were still considered economically fortunate in our society. Many people in my village work as rubber tree tapper. Tuition fee is cheap but the quality is not really good. Economy is not really developing on industrial level. Finding a good job and earning a good salary are difficult even though somebody might have high education level.
My Business
My brother and I manage a few parcels of land with a total area of 6.8 hectares (around 17 acres). Some portions I bought by myself and some portions are inherited from our parents. We plan to integrate farming and livestock. We already have a few goats. We have also planted some fruits and jabon trees, a kind of fast growing tree. I am interested in cultivating this tree since it grows straightly, and rapidly and can be harvested in a sustainable way since a new bud can grow after the main body of the tree being cut down.
Currently, we are focusing on increasing our forage production. We plan to utilize the space left between jabon trees by planting indigofera and mott grass. Then we will continue it to space between palm oil tree plantation. My parents have six hectares of palm oil tree plantation. The land is less productive since many palm oil trees are fruitless. I plan to diversify the vegetation within it with indigofera, mott grass and setaria grass. Palm oil trees are planted with a space of 9 m. It means there are still plenty space for forage
My primary income come from my salary as a chemical production operator. My current salary is IDR 6000000/month (around 446 USD a month). I can save 50% of my salary.
Loan Proposal
I will start my business by buying one hectare land. The cost of the land will be about 2700 USD. The land will be planted with 100 seeds consisting of cempedak seed 50, soursoup seed 25 and avocado seed 25. Total cost of Cempedak seeds are 192 USD (50 x 3.85 USD). Total cost of Soursop seeds are 144 USD (25 x 5.77 USD). Total cost of avocado seeds are 144 USD (25 x 5.77 USD). Therefore, the total amount of capital investment are 3180 USD__Cempedak can be harvested after two years. Each seed will give approximately 200 fruits a year. One fruit can be sold at a price of 0.77 USD. So, the total income after 3 years will be approximately 7700 USD (50 x 200 x 0.77 USD). __Soursoup and avocado will be harvested after 4 years. Each seed will give approximately 30 kgs a year. Take the price of each fruit to be 0.38 USD/kg. So, the total income from soursop and avocado will be 570 USD ((25 25) x 30kgs x 0.38 USD/kg). .
Show original Bahasa Indonesia
About Me
My name is Rio, I am the oldest of three. I have one brother and one sister. I come from rural area in Indonesia. Currently work for chemical company located outside my home province. I want to return to my village, become an entrepreneur and develop the economic of the local people.
My parents are retired teacher. My childhood is not really difficult. I passed primary, secondary and tertiary school without financial difficulty. Even though my parents income was not big, we were still considered economically fortunate in our society. Many people in my village work as rubber tree tapper. Tuition fee is cheap but the quality is not really good.
My Business
My brother and I manage a few parcels of land with a total area of 6.8 hectares (around 17 acres). Some portions I bought by myself and some portions are inherited from our parents. We plan to integrate farming and livestock. We already have a few goats. We have also planted some fruits and jabon trees, a kind of fast growing tree. I am interested in cultivating this tree since it grow straightly, and rapidly and can be harvested in a sustainable way since a new bud can grow after the main body of the tree being cut down.
Currently, we are focusing on increasing our forage production. We plan to utilize the space left between Jabon trees by planting indigofera and mott grass. Then we will continue it to space left between palm oil tree plantation. My parents have six hectares of palm oil tree plantation. The land is less productive since many palm oil trees are fruitless. I plan to diversify the vegetation within it with indigofera, mott grass and setaria grass. Palm oil trees are planted with a space of 9 m. It means there are still plenty space for forage
My primary income come from my salary as a chemical production operator. My current salary is IDR 6000000/month (around 446 USD a month). I can save 50% of my salary.
Loan Proposal
I will start my business by buying one hectare land. The cost of the land will be about 2700 USD. The land will be planted with 100 seeds consisting of cempedak seed 50, soursoup seed 25 and avocado seed 25. Total cost of Cempedak seeds are 192 USD (50 x 3.85 USD). Total cost of Soursop seeds are 144 USD (25 x 5.77 USD). Total cost of avocado seeds are 144 USD (25 x 5.77 USD). Therefore, the total amount of capital investment are 3180 USD__Cempedak can be harvested after two years. Each seed will give approximately 200 fruits a year. One fruit can be sold at a price of 0.77 USD. So, the total income after 3 years will be approximately 7700 USD (50 x 200 x 0.77 USD). __Soursoup and avocado will be harvested after 4 years. Each seed will give approximately 30 kgs a year. Take the price of each fruit to be 0.38 USD/kg. So, the total income from soursop and avocado will be 570 USD ((25 25) x 30kgs x 0.38 USD/kg). .
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$277.00
Date disbursed
Jul 12, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Rio a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
melissapmeier May 17, 2018
Rio May 18, 2018
Loading...