Purchase of kale seedlings

Dennis Kipchumba

Eldama Ravine, Kenya

54% repaid

Entrepreneur

Name

Dennis Kipchumba

Member since

November 2017

On-time repayments

6 installments  •  50%

About Me

I was born in nakuru county.in lakeview estate
i attended moi primary school then nakuru high school for my secondary school education.
i later joined moi university for my undergraduate studies
i took Bsc(informatics) and graduated in 2015.
After my graduation, employment got hard to find,
so i had to come up with ways to earn a living. i started making website for people
and lightweight softwares at a cheaper price. i Always had a passion for farming
and the money i saved, i erected a greenhouse in a farm i was given by my parents.
so coding and farming is what earns me a living
i have a beautiful daughter and her mum who is my wife

My Business

My business includes a tech center. and two greenhouses.
in the tech center here i have 5 computers.all core i7s
i offer the following services
-software development
-webdesign
-internet cafe
-computer classes
i chose this kind of business because its what i studied in university my typical costs includes electricity payments which is $50 per month
-internet charges-i also pay for my internet from safaricom which costs $300 per month for 20mbps
In my green houses, i grow vegetables.these include tomatoes,kales,cabbages chillis
and on the other greenhouse i have cucumbers,strawberries,butternuts,

the money i get i do re=investments to increase my business and some to cater for my family daily needs

Loan Proposal

With the funds, i am intending to purchase kale seedlings
these sedlings ii will transpplant them into my green house
one seedling cost 10/- kes or 0.1 usd. hence i will purchase 100 seedlings at a cost of
1000kes or 10USD.
The seedlings will be of benefit as i will be able to sell them at the market where they fetch a good price.
also i will be able to feed my neighbours with the surplus
a bunch goes for 0.2usd and i will be able to harvest like 100 bunches making it 20usd
that is 100% profit

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Mar 3, 2018

Repayment status

Late

Projected term

2 weeks

Lenders

EB

Evan Batten

United States

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