23 installments • 61%
I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.
I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.
I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.
Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.
I have engaged 10 people on a full-time basis and 7 on a casual basis.
I engage in farming on a 5 acres piece of land. It is located in Laikipia County, Laikipia East Subcounty. The area is fertile for farming however it is mainly semi-arid.
I have invested in a shallow well to harvest rainwater during rains. This resource is utilized during the dry seasons. This is done manually.
I would love to invest in a solar water pump that will greatly assist in the irrigation of crops. This will in turn increase profitability.
I will be able to honour my loan repayments through the selling of the already mature crops in my farm.
Aug 26, 2020
Cost to entrepreneur
Service fee: $6.38
Credit risk payment: $5.10
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