Purchase farm inputs for my farming project
Lilian
Njoro, Kenya
12% repaid
Entrepreneur
Name
Lilian
Member since
February 2014
On-time repayments
142 installments • 8%
About Me
AM 19 YEARS OF AGE . I STAY IN NAKURU NJORO EGERTON .MY HOME IS IN MACHAKOS BUT I CAME TO NAKURU AFTER DROPPING SCHOOL IN FORM TWO I COULD NOT AFFORD TO PAY FEES DUE TO POVERTY IN OUR HOME. I CAME TO NAKURU TO WORK AS A HOUSE HELP BUT AFTER SOME TIME I SAVED MY SALARY TO BEGIN FARMING AS MY BUSINESS. WHILE IN SCHOOL I . I LIKED AGRICULTURE AND SO I DECIDED TO HIRE A FARM AND BEGIN FARMING PASSED VERY WELL IN MY PRIMARY LEVEL I GOT 350 MARKS WHICH COULD HAVE TAKEN ME TO A NATIONAL SCHOOL .I DID NOT GIVE UP I OW I WILL STILL MAKE IT IN MY EDUCATION I HAVE DECIDED TO REGISTER IN ADULT CLASSES NOW WHERE I ATTEND CLASSES DAILY FROM 2PM.IAM NOW IN FORM 3 NEXT YEAR I WILL DO MY O LEVELS I DECIDED TO DO FARMING BECAUSE IT GIVES ME ENOUGH TIME TO STUDY GET MONEY TO PAY MY FEES AND THE BALANCE SUPPORT MY YOUNG SISTERS AND BROTHERS IN THE VILLAGE.I STARTED PLANTING MAIZE AND INTER CROP WITH I RISH POTATOES.
My Business
MY BUSINESS DEALS WITH FARMING .I DECIDED TO DO IT SINCE IT GIVES ME AMPLE TIME TO STUDY . MY CUSTOMERS COME FROM NAIROBI THEY NORMALLY COME FROM UGANDA WITH LORRIES TO GET FROM THE LARGE SCALE FARMERS AND SINCE I AM A SMALL SCALE FARMER I SELL MINE WHEN THEY COME .HOWEVER I HAVE AVERY LARGE DEMAND WHAT I LACK IS CAPITAL TO HIRE THE FARM AND PRODUCTION COSTS.MY COSTS INCLUDE BUYING FERTILIZER,PESTICIDES TO CONTROL PESTS FUNGICIDES TO CONTROL DISEASES LABOR COSTS RENT FOR THE LAND MY CHALLENGES ARE UNPREDICTABLE CLIMATE,AND PRICE S WHICH VARY FROM SEASON .THE MAIZE I SELL TO THE SCHOOLS AROUND I HAVE SOME BOARDING SCHOOLS THAT HAVE GIVEN ME TENDER AROUND 2 YOUNG SCHOOLS.MY YEARLY INCOME IS A ROUND KSH 360,OOO WHICH IS AROUND 3200 US DOLLARS WHICH AFTER DEDUCTIONS I REMAIN WITH KSH 240000 THIS IS AROUND2400US DOLLARS PER YEAR THIS THIS GIVES ME 20,000 PER WHICH IS 200US DOLLARS OR 180US DOLLARS MONTHLY OR SOMETIMES SLIGHTLY LESS.THIS HELPS ME PAY MY FEES PLUS SUPPORT OUR FAMILY .I WILL USE THE SAME TO PAY THE ZIDISHA LOAN MY CHALLENGES INCLUDE FLUCTUATION OF PRICES AND CLIMATE CHANGES WHICH INRETURN BRING DISEASES WHICH AFFECTS MY BUDGETS
Loan Proposal
i will use the money i get to purchase farm inputs i will buy fertilizer 50kg which is 50dollars 4000ksh i will use another 50 dollars to hire atractor to plough the land the balance of 7000 iwill use to buy the potatoe and maize seeds because i do inter croping .this will help me pay my fees for next term after selling the balance iwill use to repay my loan and be able to pay for my younger sister who has passed her primary education but lacks fees for secondary level .lenders thank you you have saved my life
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Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Jan 26, 2015
Repayment status
Late
Projected term
29 months
Other loans
Lenders
Corona Del Mar, United States
United States
United States
United Kingdom
Australia
Germany
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