Purchase fertilizers for wheat farming

Shadrack Musau

Eldoret, Kenya

Funds disbursed

$0 to go

100% funded of $451 goal

0

days left

Entrepreneur

Name

Shadrack Musau

Member since

January 2014

On-time repayments

59 installments  •  12%

About Me

MY NAME IS shadrack.i am the second born in a family of two.My parent home is makueni,iam i have been in eldoret since 2005,when i finished mass communication at Nairobi technical institute, i went to schedule mostly of my time in Eldoret to close at my farming.
My father had a peace of land in Eldoret and since it a land for farming ,i had been basically doing it for farming now for the last 4year.
last year i planted maize and beans and i was able to harvest 63 sacks of maize and 15 sacks of beans.i sack cost 3580 at Eldoret cereal board totaling ks,225540 and bean i sell them locally
These year i am planning to cultivate wheat,which has more return than thee maize.i will need to use around ks,100,000 for the farming and preparation and in return i can get around 50 sacks and above and wheat cost ks,4300 and above at the UNGA LTD IN ELDORET.

My Business

AS DESCRIBED ABOVE,My father had a peace of land in Eldoret and since it a land for farming ,i had been basically doing it for farming now for the last 4year.
last year i planted maize and beans and i was able to harvest 63 sacks of maize and 15 sacks of beans.i sack cost 3580 at Eldoret cereal board totaling ks,225540 and bean i sell them locally
These year i am planning to cultivate wheat,which has more return than thee maize.i will need to use around ks,100,000 for the farming and preparation and in return i can get around 50 sacks and above and wheat cost ks,4300 and above at the UNGA LTD IN ELDORET.
Most farms in Eldoret are currently used for residential buildings enabling the few who farm to enjoy the monopolistic power an i actually count my self lucky as the farming has improved my standards and our family,and getting to know zidisha,i ope i will improve more on these.

Loan Proposal

Thank you so much zidisha and zidisha lenders for yet another opportunity to grow better.
the loan will have come at a very crucial moment.
Already it is the planting season in our country and farmers have stared planting I have been preparing for the season very well as explained in my initial loan.
For these second loan,i will be able to buy 7 sacks of DAP fertilizers costing @ks,3800. 50kg,and another 50kgs urea fertilizer for ks,2900.
For these and the amounts i already have i trust that these year i will make good returns on the farm.
Lenders i look forward to your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$450.61

Date disbursed

Mar 31, 2014

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $450.61 at 17.93% annual rate over 12 months = $80.79

Service fee: $15.91

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