Purchase maize seeds, chemicals and cultivate my farm
Alex
Mwala, Kenya
100% 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 a yearly land lease fee of USD22. I will purchase 5 kilograms of maize seeds for USD5 per kilogram which totals to USD25. I will buy chemicals and fertilizer for USD11. This will enable me to cultivate and grow high quality farm produce for easy marketing. This will also teach my neighbors to utilize modern farming techniques for better outputs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 14, 2015
Repayment status
On Time
Projected term
3 months
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