Purchase of a water pump

Alex

Dallas, Kenya

4% repaid

Entrepreneur

Name

Alex

Member since

August 2014

On-time repayments

48 installments  •  15%

About Me

i am am Alex Mbuthia Karanu i reside in a village in the central part of Kenya.Currently am pursuing a Bachelors Of Commerce degree in The Technical University Of Kenya.Am the first born in the family of four this has made me responsible as i have to be a role model to my young ones.I ventured into farming while still at a tender age in high school.Since then i have no regrets as this has not be an uphill task as i came to realize i do what i like most.Farming was the right choice as land was available by the fact i reside in a rural area.Consequently marketing my farm products has not be an uphill task since i have high quality products this has won me loyal customers who live within my domain.The profits earned are mainly used to settle my school fees as well as my pocket money.My hobbies are mainly reading science articles and swimming.My passion is geared towards Agri-business.Lenders am on your shoes to make this passion a reality.

My Business

In my portfolio I have specialized in passion fruits, tomatoes, capsicums and strawberries. Earlier this year I interacted and shared a lot with farmers ,distributors, government agencies, regulating agencies, research and financial institutions on challenges and opportunities in agriculture. I received valued feedback from experienced agronomists which has greatly assisted me in improving my service delivery. Am keen in on emerging challenges in disease and pest control ensuring that I offer total solutions at the same time conserving the environment and human safety. Tomato production has been quite challenging but now it has ceased to be an uphill task on managing the tomato mosaic virus after an intensive training by Agriscope Agronomists on drenching the seedling after transplanting with Concord. My products are hot cakes due to their high quality and this has made it easy during marketing. I mostly sell them locally to my loyal customers and supply the surplus to the nearby supermarkets in town.My monthly income as well as my expenses are highlighted in their approximates as follows. Labour $80,Transport on products to my customers $140,electricity $20,fungicides and insectscides $150.Below are my monthly sales;passion fruits,250kg @ $1.08,Tomatoes 200 @ $1.5,Capsicums 240kg @ $1.05,Strawberries 200kg @ $1.55.Total revenue=$1132.Total expenses= $390 net profit=$742.

Loan Proposal

Water is a key indispensable component if one aspires to thrive in the farming world.It is in this regard that i have resolved to address this water issue with the seriousness it befits. Of late farming has quite been an uphill task for me as i have been mainly been depending on jerrycans to fetch water from a dam and mainly tapped water from a tank i recently purchased courtesy of zidisha. i therefore request well wishing donors to help me purchase a pump. This will reduce my work load and hence productivity. the pump will cost about 100$. i will rily appreciate your support.Thanks in advance

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Jan 14, 2015

Repayment status

Late

Projected term

9 months

Other loans

Lenders

Hope2012

United Kingdom

Zidisha

Sterling, United States

F

Frenchie

Johannesburg, United Arab Emirates

A

Anonymous

United Kingdom

T

thenwhen

United States

K

KRose

United States

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

E

ewaters1

Australia

J

jlhardes

United States

E

expatri

United States

C

CraigInCo

United States

L

Linda

United States

Q

qeorge

United States

D

Dowdin

United Kingdom

Mikers

Netherlands

KM

Kirsty M

United Kingdom

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