Spinach seedlings

Leonard

Karatina, Kenya

100% repaid

Entrepreneur

Name

Leonard

Member since

October 2018

On-time repayments

23 installments  •  61%

About Me

Hi Hi OI am a trained accountant with a bachelors degree in accounting and professional course (certified public accountant)finalist. I love this career of accounting and thus why I decided to offer training services to others in accountancy and information communication technology (I.c.t). I also engage in horticultural farming on a small scale basis especially currently in the covid 19 pandemic.

My Business

My business is training students in accountancy and I.C.T as well as small scale horticultural farming. Currently the college has no students due to the covid 19 pandemic and i am on horticultural farming. However the college needs expansion in terms of equipment particularly computers and computer peripherals including WIFI connection in readiness for resumption of studies expected in early October this year. Additionally i would like to expand my horticultural business by adding 1,000 spinach seedlings which will increase my weekly income by around KES 500. I believe with financial assistance, the business will expand gradually in the coming months. Thank you

Loan Proposal

I plan to purchase 1000 seedlings of spinach which will help me increase my weekly profits by approximately kes five hundred. Thank you

Income Source

I plan to acquire 1,000 spinach seedlings. Greens are being highly recommended in this fight against covid 19. These spinach seedlings will be planted in an eighth acre piece of land and mature in a two weeks time. The current farm price for the seedlings is around KES 10 per kg. My production expectations from 1000 seedlings is 100kgs of spinach weekly. However the associated costs for sprays and foliar fertilizer approximates KES 200 weekly leaving a net of KES 800.This will go a long way towards improving this business and i will even be able to add other pieces of land in future.Your financial assistance will thus be of much help to me as a farmer and also indirectly assist the other persons such as the middlemen and eventually the consumers.Thank You

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$18.00

Date disbursed

Sep 16, 2020

Repayment status

On Time

Projected term

3 months

Lenders

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