Production of potato seeds for farmers

Ruth

Molo, Kenya

100% repaid

Entrepreneur

Name

Ruth

Member since

November 2017

On-time repayments

61 installments  •  25%

About Me

Was born in the year 1992 in Nakuru in a village known mzee wanyama.its here that I was raised up and got my education upto form four level after a lot of struggle due to financial problems.in the year 2012 I joined University of eldoret and pursued a degree in General Agriculture up to 2016.
Since I was young I loved agriculture and its one of my hobbies.
In the year 2017 I joined Elimika Group as an extension officer and few months later I thought and came up with an ideaof becoming a seed multiplier.
I leased a land,approached KALRO and they approved my idea.I purchased new improved shangii potatoes variety worthy kshs30000($300) that I now multiply and supply to farmers.Am ready for my second season.
I love associating with youths.

My Business

The business started in May 2017 Where I approached KALRO and got new variety of potatoes know as Super shangii,I leased an acre of land and planted the seeds.
The aim was to multiply the seed and sell to locals in molo and kuresoi region
I have done first season and was able to provide seeds to 53farmers.
In the season am ready to set by End of November am targeting 500farmers.
One90kg bag I sell at kshs 3000($30).

Loan Proposal

The loan of 5,315 will be used to buy foliar fertilizers that is 3kg rosasol P @ $3.5, 3kg rosasol N @$3.5 and 3kg rosasol K @$ 3.5 ( gives a total of $ 31.5) . The remaining $21.65 will be used to buy sticker ( aquawet 100ml @ $1.65), insecticide that is alpha cymba 100ml @ $1.5. A total of $18.50 will be used to pay nine casual laborer who will make the ridge and plant the potatoes. Each labourer will be paid $ 2.0 . This will loan will help me purchase the above imputs which are very necessary for maximum production as they help improve the quantity produced and quality and therefore translates to realization of high profits and also this will create job for the laborers employed to work in the field and therefore they will be able to put food on their tables and also due to production of high quality seeds the customers in this case the farmers will be able to get high yield and quality potatoes which will meet the market demand and hence they will be able to improve their lives and that of their families.
As a result of better management of my crop i expect the profit margin to raise with 20% margin.

Feedback

1

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  • Joshi    Jan 9, 2018

    Wish you all the best. Will be glad to help you out in future.

    Log in to reply • Share
    • Ruth    Jan 11, 2018

      Thank you and am very gratiful for your support each and every moment

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$55.00

Date disbursed

Jan 16, 2018

Repayment status

On Time

Projected term

12 months

Lenders

MarktheMormon

Sandy, Utah, United States

W

Wade

United States

BS

Brandon S

United States

RC

Rudi Chen

United States

Sinan Taifour

Munich, Germany, Germany

Elizabeth

Australia

Joshi

United States

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