Purchase maize, green beans seeds to plant in my farm
Alex
Mwala, Kenya
5% repaid
Entrepreneur
Name
Alex
Member since
January 2015
On-time repayments
160 installments • 8%
About Me
I was brought up in a family of 6. We were poor and did not have sufficient source of livelihoods. My father was a casual labourer and my mother was a peasant farmer.
I started my career as a Business Development Advisor with a local Microfinance institution in Kenya. Later on I engaged in business to supplement my salary income. I also work for a local NGO in Communication and Fundraising whilst engaging donors' support in community development. We own land individually and carry out subsistence farming. My eldest son would like to be a pilot, my daughter would like to be a doctor and my last born son is too young to tell his dreams. I like training groups of people and encouraging them to start their own businesses.
My Business
I run an Mpesa sub-agent outlet and at the same time engage in farming. This helps me to get some constant profits and supplement my monthly incomes. This in turn helps me to take my children to school, pay rent and provide subsistence support to my family.
I chose this kind of business because it does not need close monitoring and allows me to manage it on phone calls and inconsistent visits. I pay rent, purchase food supplies for my family, pay school fees for my children and pay water and electricity bills.
Loan Proposal
I will pay out USD30 for my farming land lease fees in time. I will utilize about USD50 to purchase good quality and drought tolerant seeds to plant in the farm and will spend USD55 to pay some laborers to till the piece of land. I will also purchase some fertilizers and pesticides at a cost of USD60. I will also spend about USD35 for my monitoring operations in the farm assessing the market in readiness for the output within the next 3 months.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Apr 30, 2015
Repayment status
Late
Projected term
34 months
Other loans
Lenders
United States
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