Seedlings for potato farming

Joan

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Joan

Member since

October 2018

On-time repayments

5 installments  •  80%

About Me

My name is Joan Wanjiku I was born as the second born of Wanjiru family in the rural area of kinangop where I was born and raised.in the year 2010 I came to nairobi to search for greener pastures where I lived with my elder sister. Life was hard and getting a job was proving to be futile...I landed a job at a bakery where i worked for 9hours and paid 80$ a month....i couldnt cope up with that so i quit the job. I got employed as a supermarket attendant wprking for 12hours and it paid 200$.The job was better since i could pay my bills i worked till 2014 where i got a job as a sports betting cashier. Being paid 450$.up to now i still work there.

My Business

I started farming from my savings in 2016 where I started with jus 1/8 of an acre which I planted cabbages and got a return of 400$.I reinvested the cash and added extra 200$ in a 1 acre farm but they were attacked by pest and only got 300$.I nearly lost hope but my family helped me with 600$ and a loan of 200$i planted on 2acres.I was lucky and the return was 1800$ and since then I researched and became large scale today I plant 6acres.The operation cost of farming the cabbages is roughly 2000$ and it can give a return of between 3000$ and 6000$ on low and high market prices respectively

Loan Proposal

I have an unused part of land which I intend to do potato farming.I have already prepared the land and put some organic manure and what is left is the procurement of seedlings so that farming can begin right away.By adding a potato farm in my farming I intend to add gross and net revenue by the next 4 months

Feedback

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  • Liz    Dec 5, 2018

    Thank you for your timely repayments Joan, best of luck with your farm.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Oct 21, 2018

Repayment status

On Time

Projected term

1 week

Lenders

B

BSM

France

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