Seeds;to buy tomatoe seed for my farming project

Amos

Voi, Kenya

100% repaid

Entrepreneur

Name

Amos

Member since

January 2015

On-time repayments

181 installments  •  65%

About Me

My name is Mwanose Amos,,,,i grew up in a shanty village of mghange village in sagalla location,voi sub county.i went to sagalla primary school .later i joined mwakichuchu sec from form 1 to form 4. i ventured into farming so as to get money that will act as a get pass to further my studies.i like reading alot...and my desire is to get more education from the one i posses.

My Business

My business is all about Agro business.i have concentrated much with planting maize tomatoes and onions. The vegetables that i grow are in higher demand since the target clients and consumers do not have access to these products due to poor rain fall and lack of enough land to do farming.i chose this business because it required little capital to start with and there is ready market for the products.The typical costs runs from 25000 to 35000 and the revenue is close to 55000 to 60000 depending on demand and market price.i use the profits to grow my business and also home improvements.

Loan Proposal

After getting the loan am planning to buy tomatoe seeds at 48 usd dollars.Then il use the remaining 35 dollars to buy ferterlizer that il use later for toP dressing.This loan will be quiet beneficial to my project since it will even help me add another acre of farm thus increasing production.Also the loan will help me educate my brothers who are yet to join college next year..after getting the profits.After getting the farm produce the harvest i expect to get an increased amount of about 80 dollars that is after deducting total expenses and the initial capital.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$89.00

Date disbursed

Feb 13, 2015

Repayment status

On Time

Projected term

7 months

Lenders

ES

Ed Sikorski

United States

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