To purchase equipment to set up mushroom and red earthworm farm

Joel

Thika, Kenya

100% repaid

Entrepreneur

Name

Joel

Member since

May 2014

On-time repayments

239 installments  •  27%

About Me

I am the second son in a family of 6 siblings and our home is located at Makuyu. I have completed my undergraduate degree with a lot of challenges. It has always been my aspirations to become a pioneer among local youths of my area, who have been ruined by alcohol. I have been a Mentor leader of a youth group called "Valley land" which I was a founder members with an aim of grooming youths minds to become entrepreneurs and eradicate poverty among them, which is the biggest reason why youths are involving themselves in to drugs and drugs abuse.
Secondly, currently it has become a challenge for students to secure employment after studies and the only good option for such student to remain industrious is to engage into business which is giving them opportunity to become independent and self reliant people.
I am happy since my first , second and third loans were successful and I have also managed to repay them without any problem. I hope to secure another loan package to assist me to heavily venture in the business I have indicated below on My Business part. I will be grateful to repay the loan after my investment which is carefully managed for better results. My assurance to my lender is to remain committed in repaying my loan to the latter, I will never let you down, because currently I have a regular income which can allow me commit at least 2000 KES every week that translate to 8000 KES every Month.

Thank you in advance.

My Business

Dear lenders I would like to most sincerely thank you for your continuous support you have been giving me through periodic funding. I would like to assure you that I will never let you down because were it not for you I don’t know where I could be.
Secondly I would like you to know this time round am planning to employ innovation in my proposed project am planning to undertake. It will involve farming of RED ONIONS. The purpose of choosing this kind of projects is because its one of the most potential in the current market.

This is how am planning to use my master plan on this project:

1. Preparing of an Acre of land i.e tilling and harrowing: 20,000 KES
2. Purchasing of Jamba F1 Onion seed 1kg: 20,000 KES
3. Purchasing of chemicals, fertilizer and herbicides 50,000 K ES
4. planting of seedlings from seedbeds to the field 30 laborers @ 1000 =30,000 KES
5. Irrigation: 10,000 KES
6. Marketing and Contingency 20,000KES
The proposed master plan will require me at least 150, 000 KES.

The expected return:

The current market for a kilo of red onion bulb is going at 50 KES and the expectation for this commodity is even higher, last season the price rose up to 100 KES per KG.
One Acre of land under proper management can yield at least 7 to 10 tonnes of red Onion bulbs.
If I assume that this project will go well as planned and yield 8 tonnes, this translate to: 8000 kg by 50 KES = 400,000 K ES, if you subtract initial cost of production of 150,000 KES, you will find there is 250,000 KES on return in a period of 6 Months of project life.
In conclusion, the project is worth undertaking it.

Thank you in advance

Loan Proposal

Dear lenders I would like to most sincerely thank you for your continuous support you have been giving me through periodic funding. I would like to assure you that I will never let you down because were it not for you I don’t know where I could be.
Secondly I would like you to know this time round am planning to employ innovation in my proposed project am planning to undertake. It will involve farming of MUSHROOMS and also setting up of organic production plant through rearing of RED EARTHWORMS. The purpose of choosing these kinds of projects is because they remain under exploited and there is a lot of potential in these two projects.
This is how am planning to use my master plan on these 2 projects:
1. Training at JOMO KENYATTA UNIVERSITY for each project to cost 10,000 KES
2. Setting of House for keeping of MUSHROOM SPAWNS: 20,000 KES
3. Setting up of Beds for rearing the RED EARTHWORMS: 20,000 KES
4. Purchasing of 10 kg of EARTH WORMS each at 2500: 25,000 KES
5. Purchasing of MUSHROOM SPAWNS 15,000 KES
6. Other logistics: 9,000 KES
The proposed master plan will require me at least 109, 000 KES.
The expected return:
1. The current market for a kilo of earth worm is 2500 KES; my project will be producing 10 kg per month after maturity period of three month: 25,000 KES.
2. I will also produce Foliar approximately 20 liter per month on each bed, am planning to have 5 beds; which is translating to 100 liters per month; each liter is retailing at 100 KES: 10,000 KES
3. I will also use compost harvested from my beds every 6 months to farm and produce organically grown food which sell at a higher price compared to the rest.
4. I am also expecting to earn an extra 10,000 KES from MUSHROOMS.
The total expectation out of the 2 projects is 45,000 – 50,000 KES per month, because this kind of business remain under exploited thus creating a lot of opportunities for someone willing to tap into its potential. I have also liaised with Jomo Kenyatta University of Agriculture and Technology (J.K.U.A.T) for the purpose of training for a 10 day period which after completion I will be issued with a Certificate. I call upon even my lenders to be coming at my site and witness this Massive project.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,216.00

Date disbursed

Mar 11, 2015

Repayment status

On Time

Projected term

10 months

Lenders

J

jeffb

United States

J

jobo

Darmstadt, Germany

Pranjal

Noida, Kenya

T

Tmann

Los Angeles, United States

Dianne

Maryville, United States

AWOL

USA, United States

G

GalantnostS

Hong Kong, Hong Kong

tiziano

Arezzo, Italy

J

Jason

New Jersey, United States

D

Delph007

Den Haag, Netherlands

valentin

Stockholm, Sweden

S

sendai

Saint Paul, United States

R

Raabo

Rungsted, Denmark

Ishaque

New Jersey, United States

investor

Candiac, Canada

J

johan

Oslo, Norway

TG

The Gwarden

Göteborg, Sweden

torelizer

Reggio Emilia, Italy

mbunifu

San Jose, United States

D

dkapplerb

Toronto, Canada

P

Philippe

Adliswil, Switzerland

AdamP

Sunnyvale, United States

J

JLewe

Atlanta, Georgia, United States

Umair Mahmood

Raleigh, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

E

erozlum

Istanbul, Turkey

NhinSD

San Diego, United States

D

drjofleming

UK, United Kingdom

S

SarahJoy

Peterborough, Canada

D

Davieboy

Melbourne, Australia

R

rhc2104

Burlingame, United States

Johnny

shanghai, China

O

Oliver

Geneva, Switzerland

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

Tilius

Oslo, Norway

J

Jdoyle

Kitchener, Canada

LadyofHats

Hamburg, Germany

J

jozua

Delft, Netherlands

B

bizarresmom

Willowick, United States

AndreaBravi

London, UK, Canada

F

Fiodal

Helsinki, Finland

Kodzhamanov

Stamboliiski, Bulgaria

I

Interfree

Dubai, United Arab Emirates

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

mike123riley

Palo Alto, United States

Harley

New York, United States

N

niklas

Schemmerhofen, Germany

D

danielske

Branford, United States

R

Roman

Barcelona, Spain

Zidisha

Sterling, United States

michellev

Melbourne, Australia

C

ChrisID

Vancouver, Canada

T

ToddK

Indianapolis, IN, USA, United States

H

HappythroughHelp

Torrance, United States

P

PeaceandLove

Morro Bay, United States

C

cjmenchaca

Austin, United States

W

Washndwyer

Baltimore, United States

E

elkbrett

Bradenton, United States

BJ

Brandon Joz

North Carolina, United States

Catherine68

Boyle, Ireland

Kysera

Crawfordsville, United States

Y

Yasha

Beer Sheva, Israel

Jeff and Marcie

Portland, OR, United States

J

JohnSmith

Louisville, United States

B

blahblah

Nuernberg, Germany

T

thejacobnorton

Jubail, Saudi Arabia

ashmetry

Spring, United States

C

CrazyCanuck

Nepean, Canada

L

Lender1212

San Francisco, United States

K

Kibbleni

Madison, United States

S

SelvaMarcus

Green Cove Springs, United States

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

F

Firefly

Canberra, Australia

T

tmsaddress

Orlando, Florida, United States

B

Bavarian

Bavaria, Germany

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

Laurie

Sry, Canada

M

ms.chico

Hong Kong, Hong Kong

indeh

London, United Kingdom

athomas

Chevy Chase, United States

J

Jaslogic

Castle Rock, United States

rasmus

Bern, Switzerland

Quentin

Toronto, Canada

Shasta

Erie, United States

D

duckdork

De Forest, United States

amovida

Central valley, ny, United States

Erica

Caledon, Canada

B

bopsquod

Seattle, Wa, United States

kickerofelves

Sao Paulo, Brazil

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

T

the0bauman

Hillsboro, United States

D

doinggood

Missoula, United States

borscht

Golden, United States

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

B

bugsheep

Houston, United States

Matthew

New York, NY, United States

lorello

Vicopisano, Italy

Jouni

Finland

A

Austin

Long Beach, United States

AdvancingCompassion

San Diego, United States

N

nanax005

SALEM, United States

L

LCG8928

Decatur, United States

B

Bully

Konstanz, Germany

braccino

Settimo Milanese MI, Italy

B

BClay

Campbell, United States

X

xaphoon

angouleme, France

M

marcelitohb

Bremen, Germany

1

1dancer

Irvine, CA, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

N

NicolaG

Mantova, Italy

Lamberto

gorgonzola, Italy

D

DThirteen

Miami, United States

Christopher

Copenhagen, Denmark

P

Patrick5678

Beijing, China

H

hchsmicroloans

New York, United States

swendl

Iowa, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

skullyjo

Winnipeg, Canada

P

pignolet

zurich, Switzerland

C

caseygoff

George Town, Cayman Islands

OlyRhys

Olympia, United States

Y

Yevrahs

Dallas, Texas, United States

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

J

jjoshua2

Hanover, United States

J

jerryq

Redding, United States

K

Klemens

M, Germany

Vintagebeeinc

Youngsville NC, United States

M

mkellerman

Shanghai, China

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

C

CloCkWeRX

Rosewater, Australia

Maxey

Amstelveen, Netherlands

A

Adam3333

Hague, Netherlands

chadgibbs

Loveliest Village, United States

M

memorissima

milano, Italy

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

Z

zhihanchew1234

Tampin, Malaysia

K

KnutG

Bergen, Norway

Muslim

Riyadh, Saudi Arabia

A

andreasb

Zug, Switzerland

M

Morgue

Brighton, United Kingdom

B

BassFamily

Tremonton, United States

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

H

HomesteadSchool

Glen Spey, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

Longhorn

Austin, United States

M

Marod

Edmonton, Canada

neocodesoftware

vancouver, Canada

mikeoberhaus

San Francisco, United States

N

Navigator

Alavus, Finland

F

fundfinite

Wellington, New Zealand

K

Krish

Dubai, United Arab Emirates

PulsoJewelry

Los Angeles, United States

U

usualsuspect

Amsterdam, Netherlands

isabelv

Barcelona, Spain, Sweden

O

ommthree

Egg, Switzerland

S

Serene

Philadelphia, United States

GarmdGriek

Oslo, Norway

iamdaimo

London, United Kingdom

Zal0m0n

Atlantis!!!! x), Mauritania

silyara

United States

M

mmisoo

Nova Dubnica, Slovakia

gseletko

South Perth, Australia

A

ask21900

Cedar Rapids, United States

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

P

paul74

Chichester, United Kingdom

Z

ZandC

Sacramento, United States

V

Volpone

Geneva, Switzerland

Lambie

Perth, Australia

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

GuillaumeTeissier

Montréal, Canada

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

O

osterqvist

Linköping, Sweden

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

somuchjackson

Boston, United States

S

Sjors

Eindhoven, Netherlands

M

Madone52

Brisbane, Australia

R

rosebo

Bend, United States

HealthcareProvider

Baltimore, United States

E

E

Marin county, United States

G

Gdrvasc

Frederick, United States

H

happytrailsjpd

South Bend, United States

H

Haavard

Bergen, Norway

M

mibrahim51

Mountain View, United States

B

bwitt

Berkeley, United States

J

jcappel

Toronto, Canada

R

ricka736

Wellington, New Zealand

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

G

guggl

Vienna, Austria

L

lobotommy

OSLO, Norway

H

hambunny

Manchester, United Kingdom

G

GanSatya

United States

R

RohitSingh

Montreal, Canada

B

BobHope

United States

L

liseman

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

R

randall

Ogden, United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

G

gbelote

United States

D

drorm

United States

O

osubucks45

United States

cc5alive

Los Angeles, United States

Aaron85

Knoxville, United States

J

Jonas

Linköping, Sweden

ColinHicks

Chichester, United Kingdom

ScholaNatura

Czech Republic

G

geoff

United States

B

benlenarts

Netherlands

A

adiipienaar

South Africa

T

theironbank

United States

S

spivurno

United States

M

meric

Australia

S

science4sail

United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

A

abbasm

United States

B

bvirlet

United States

J

jdallatezza

United States

Pankratio

EastVan, Canada

K

Karpet

Faroe Islands

T

tiojoca

Portugal

M

marcof

Netherlands

M

maverick

United States

R

RosieWatrs

United States

joshuacollinson

Vienna, Austria

S

sarah4d2

Saint Louis, United States

P

PDNS1401

United States

A

ajayhk

San Jose, United States

J

jbhernan

United States

Agerfar

Aarhus, Denmark

E

expatri

United States

C

CraigInCo

United States

mepster

San Francisco, Ca, United States

GMc50

Australia

A

Arkad

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

TyWee

Manila, Philippines

J

JEllerby

United Kingdom

AndrewNeu

Ho Chi Minh, Vietnam

B

blambert

United States

D

DStateDDB

United States

W

wesbh89

United States

J

JonAlec

United States

D

Desteli

United States

S

SaraNT

United States

I

idris

United States

pixelsebi

Berlin, Germany

R

reganbrian

United States

T

Tim47

United States

A

AlexH

United Kingdom

H

Heath

United States

dpollard

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

A

adamdreaming

United States

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

I

ipartola

United States

AKWatson3

Norwalk, United States

Matthias Schulz

Berlin, Germany, Germany

B

BlackBear

United States

himynameismartin

Czech Republic

R

Ruj-ura

Thailand

KM

Kirsty M

United Kingdom

C

cooltaj

Alexander, United States

CC

Catherine CatDesignz

Halifax, United Kingdom

UN

Uwe Neumann

Frankfurt Germany, Denmark

Dave Bogard

New York, United States

Lauren

United Kingdom

M

Michael

United States

N

Niels

Berlin, Germany

J

Jaelle

Vienna, Austria

Torsten Schreiber

Frankfurt, Germany

WH

Will Henley

United Kingdom

o24kristin

Schaumburg, United States

JL

Jindou Lee

United States

S

sa

Canada

nickle23

New York, United States

Fabian Linzberger

Vienna, Austria

MW

Matt Willis

United States

P

Patty

Colorado Springs, United States

H

Hakon

Drammen, Norway

Dayton

Vancouver, Canada

KO

Kevin OBrien

Denver, CO USA, United States

H

hawkins

United States

Christopher Hey

Sudbury, Canada

GN

Gabriel N

Switzerland

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