Rice farming

Gabriel Kariuki

Nairobi, Kenya

40% repaid

Entrepreneur

Name

Gabriel Kariuki

Location

Nairobi, Kenya

On-time repayments

309 weekly installments  •  87%

About Me

My name is Gabriel Kariuki,i am a marketer by profession,I hold a masters degree in business administration (operations management option (UON) a bachelor degree in business management- marketing option (MKU) I describe myself as a honest,aggressive & an ambitious person,generally am an achiever.
I come from Kirinyaga county in central KENYA,My constituency Mwea is known for rice production,85% supply of rice in east Africa comes from this region.
Currently in solar lighting business as an LME(last mile entrepreneur).
I have noted that many Kenyans in the village interiors live below the poverty line and can hardly afford to pay for electricity connections in their home.
I note that most of the village dwellers lack information and end up spending a lot on paraffin for lighting which despite having high cost on them its also have health implications.
My main motivation to solar business was triggered by my relentless efforts in advocating for use of green products and the need to embrace the green concept in the community.
I note that solar lamp lighting has no negative implications on the environment in its generation,manufacturing and use and also solar lamps are health conscious to the users unlike normal lanterns which emit a sharp smoke which hurts children eyes when they study and also cause serious chest complications if inhaled for a prolonged period.
Solar lighting provides a long term benefit in a cost effective way.

Recently i introduced energy saving cook stoves to my product line.
I have noted that 90% of Rural homes rely on open fire for their cooking,where research has proved that every home spends between $1.5-2 dollars on firewood daily on their cooking, i noted increase in expenditure/costs on firewood which seems very unfavorable to the rural homes most of whom who leave below poverty line and can hardly bare any further increase on firewood costs.As a way of giving back to the society & caring for the enviroment i decided to introduce the philips energy saving jiko which can reduce the daily spending on firewood for rural homes to costs of between $0.2 to 0.5 dollars daily thus about 80% reduction in costs on firewood.Generally philips jiko uses Biomass i.e dried cow dung,rice husks,wood pellets(complessed sawdust) to burn hence does not rely wholly on firewood.
I note that through the philips Jiko the traditional norm of deforestation by charcoal burners will be reduced by 80% hence benefiting/saving the enviroment.
Also unlike the open fires which pose serious health and safety hazards implications to the Rural homes users ,i note that the Philips energy saving Jiko has an inbuilt fan that blows in air in the jiko thus ensuring complete combustion and eliminating 96% of smoke,this makes the jiko user friendly,safe and healthy to use because unlike the open fire where the user is exposed to smoke which is not healthy and also hazard of open fire has been past associated with burning of houses.With Philips energy saving Jiko all these hazards have been controlled.hence I find the jikos not only effective but also efficient to use interms of cost saving,health, safety but also in saving our enviroment from illegal tree cutting by charcoal burners.

My main selling points is based on emphasis on the benefits thus a cost effective,quality,safety,health and enviromentally friendly products with long term benefits.













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My Business

My business activity revolves around buying solar lamps from major distributors in town and selling these solar lamps to the customers in the village interiors.My main target groups include investment groups in the village,women merry go round groups etc.Upon confirming when these groups are meeting i usually request for time allocation.Where i do my presentations, this involve introducing the products and training them on the benefits of using solar products.
In a week am able to sell 4-7 pieces with each piece making a profit of ksh 500.
With now energy cook stoves in my product line my profit margins have grown to $3500 dollars in a month.
My business is now fully incorporated into a private limited company, This has given me an upper hand in business since i am currently able to apply and target bulk orders from corporate s and government organizations

Loan Proposal

I intend to use the loan to facilitate my rice farming business in mwea irrigation scheme.The Demand for pure Pishori rice tend to be high in Kenya with an estimated national demand of 950000 metric tonnes annually against the actual production of 180000 metric tonnes annually.
I have identified the scarcity in rice supply as a gap & an tapped business opportunity as the country continues to work towards achieving food security as part of the government big four agenda.
Currently an acre of rice produces at least 2.5 tonnes with an estimated market value $ 1625 (dollars) hence making a profit of at least $725 dollars per acre. I intend to facility my loan repayments from my current existing solar lighting businesses and also from the profits earned from the project

Income Source

I consider paddy rice non-perishable with a storage shelve life of over 2 years,i plan to speculate the market after harvest to enable me sell the rice at the best price possible of between sh 65-70 per kg. In the meantime I plan to facilitate loan repayments through my other existing solar lighting business.

Feedback

9

None

None

  • melissapmeier    Jan 22, 2018

    Best wishes to you for continued success; I would be happy to lend to you again!

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  • JimVandegriff    Oct 23, 2017

    Good, regular repayments of this loan. I would lend again if asked.

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  • BernadetteV    Oct 23, 2017

    Gabriel repaid the loan just had he had promised. Regular repayments.
    Thanks

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    • Gabriel Kariuki    Oct 24, 2017

      Thank you Bernadette,am really humbled and appreciate your continued kind support,God bless you.

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  • Dean Suminski    Jun 3, 2017

    Congratulations on paying off your loan! Enjoy the sunshine which helps produce the electricity.

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  • BernadetteV    Jun 2, 2017

    It was a pleasure to lend to Gabriel. He made regular repayments

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    • Gabriel Kariuki    Jun 3, 2017

      Thank you very much for your kind support, the loan has really been very helpful in facilitating my business objectives,God bless you

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  • Wendy Emlyn    Sep 6, 2016

    Gabriel has made regular small payments, with two larger payments at the end to clear his loan on time

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    • Gabriel Kariuki    Sep 6, 2016

      Thanks For your continued support Madam Wendy,I note that a business undergoes a cycle with recession, stable and boom periods.I appreciate that late last month was my boom period in my business cycle where i won bulk orders from parents and students who are preparing for national examinations hence this made me pay my loan on time also enabled me increase my weekly installments

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  • BernadetteV    Sep 5, 2016

    It was a pleasure to lend to Gabriel for this worthwhile project. Thank you for the regular repayments

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    • Gabriel Kariuki    Sep 6, 2016

      Thank you for your support,I am really humbled by your kindness, The loan was very helpful in growing my business.

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  • TomF925    Mar 20, 2016

    AfricaLeap supports projects like Gabriel 's that improve energy efficiency, as in the Jiko stove, or provide green energy such as solar lamps.

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    • Gabriel Kariuki    May 10, 2016

      hello, thank you for your support,I am really determined to see to it that people in the grassroot embrace & practice the green concept for a healthy future

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  • BernadetteV    Jan 11, 2016

    Thanks you for your regular repayments of the loan. Hope that you can continue selling these important lamps in your community.

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    • Gabriel Kariuki    Jan 17, 2016

      i appreciate your support am determined to grow my business into a brand that will bring change in my community especially on green issues

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,036.97

Date disbursed

Sep 13, 2020

Repayment status

Late

Projected term

15 months

Cost to entrepreneur

Service fee: 10% of $1,036.97 = $100.14

Credit risk payment: $150.21

Lenders

B

Bpryse

Long beach, United States

W

winfried

Seoul, Republic of Korea

S

stroll

Stockholm, Sweden

sarasofia

Stockholm, Sweden

helogr53

Abbotsford, Canada

P

pmyadlowsky

Charlottesville, United States

R

rmacaw

Australia

JimVandegriff

Trinidad, California, United States

H

hilde

seattle, United States

C

cyrilleberger

Gammalkil, Sweden

juliemartha

Lake Mary, United States

ads68

Melbourne, Australia

ShaneS

Port Pirie, Australia

G

Goldrivermob

Gold River, Canada

Jason

Auckland, New Zealand

Sodermansb

Raleigh, NC, United States

Scotts5320

New York, United States

T

tophini

Alma, United States

R

roger

United Kingdom

T

TZ

Singapore, Singapore

SteveFylde

United Kingdom

Wouter Schoonveld

Amsterdam, Netherlands

Fox Family

Costa Rica

JA

Jared Anthony

CT, United States

JT

John Tabacchi

United States

MR

Michiel Rauws

San Francisco, Netherlands

N

Nora

Germany

Donna Manton

Australia, Australia

G

GS2

Germany

wissam

Jeddah, Saudi Arabia

jo

Los Angeles, United States

Carlo Cruz

Cincinnati, OH, United States

kt

Brush Prairie, United States

Mr Chris Turner

Cambridge forever England, United Kingdom

BS

Brandon S

United States

MS

Mike Sutherland

United Kingdom

H

Heather

United States

K

Kenny

United States

C

Carlene

United States

AL

Aaron Larkin

Minneapolis, Minnesota, United States

Majella

Dublin, Ireland, Canada

JA

Jason and Sandra

Toronto, Canada

Romesh Fernndo

Perth, Australia, Australia

IC

Ian Coutts

Chicago, USA, United States

Vratik Krocik

Prague, Czech Republic

B

BSM

France

Shane Bugeja

Mankato, Minnesota, United States

D

Dalton

San Francisco, United States

Hans Moor

Vorden, Netherlands

Sebastian

Australia

Emily

San Francisco, United States

DW

Dan Winetsky

United States

JH

Joseph Hwang

Houston, United States

TL

Tao Luo

United States

DM

Darin MacRae

United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

SW

Sean Walsh

United States

GP

Giacomo Poderi

Copenhagen, Denmark

Stefan Koshold

Mülheim, Germany

Joost

Noord Brabant, Netherlands

Dieter Meeuwis

Deurne (Antwerpen), Belgium

mabo

Germany

R

Roman

Slovakia

SM

Scott Miller

United States

Jeanette

Fort Worth, Texas, United States

World Centric

Sonoma County, California, United States

AL

Andreu Laguarda

Benaguasil, Spain

Sayuri

United Kingdom

David Hopkins

United States

CL

Caleb Liu

United States

D

Dan

Australia

M

Melissa

United States

R

Ru

New York, United States

E

emily

Australia

E

Eve

Switzerland

S

Stephen

United States

DK

Daniel Kalla

Saint Paul, United States

EG

Erik G

Switzerland

S

Simon

Germany

SK

Susie Kyoo

United States

TA

Tiwa A

United States

A

Andy

United States

J

Judith

Texas, United States

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