Purchase of farm equipments and manure

George Orwa

Nairobi, Kenya

100% repaid

Entrepreneur

Name

George Orwa

Member since

May 2014

On-time repayments

97 installments  •  31%

About Me

Am a Kenyan aged 34,I come from Homabay county,homabay district,Rangwe division ,Kagan location,Komenya sub location ,Konyango Atieno village,Chiepe school area.I started my primary education at chiepe primary school where I did my KCPE in the year 1998.I then joined Luora secondary school where I did my KCSE examination and attained grade C (plain).I started this farming business to enable me further my education to college level,Assist my mother who is a widow,Siblings,my family and myself.Have manage to employ some community members to help me in the farm, have also purchased some piece of land to expand my farming and some farming tools.My hobby is advising idle youths to do something that can generate income and empower them.

My Business

Am currently doing farming business in the rural part of the country and selling the produce to the urban centre of the country.I will use this loan to buy more farming tools and fertilizer,I will pay back this loan with money from the sale of the farm produce.Members of the community and other customers prefer my goods due their good quality and they are affordable compared to my competitors.My business is profitable because the produce is always more than the capital used.The risk my business faces is drought but we mitigate that with irrigation.My monthly income is around USD750 my monthly Expenses is around USD600

Loan Proposal

I will buy some drip kits to enable me carry out irrigation during drought and also purchase manure/fertilizer this will change our farm produce with around additional income of USD118.The benefit will be more farm produce because the risk of low produce as a result of drought would have been solved to some level compared to the current situation hence more income will be realised.Am requesting lenders to assist me because right now am not capable to do so by my own.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.85

Date disbursed

May 30, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $150.85 at 5.69% annual rate over 3 months = $2.31

Service fee: $1.44

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