Start greenhouse project for horticultural produce

Joel

Njoro Town, Kenya

100% repaid

Entrepreneur

Name

Joel

Member since

June 2014

On-time repayments

200 installments  •  88%

About Me

I`m Joel Kandie,yet to marry.I come from a family of 7 children.I`m horticulturalist by profession having pursued a barchelors degree course in horticulture. Currently I`m employed with Hangzhou Agrochemical Industries East Africa LTD. I want to expand my part time investment which I started by constructing a greenhouse in my area then later started an agrovet shop for selling farm inputs and agrochemicals. I like working with charitable organizations in my community. I also like reading inspirational books like ``Understanding your potential by the late Dr. Myles Munroe`` that help uplift my motivational norm. I would like to be an employer in the future and help create employment opportunities to both graduates and non graduates.
Currently part time business builder.

My Business

It is now more than two years since I started my Agrovet shop where I sell various agricultural farm Inputs and equipment and I am glad that it is running well.I have increased the quantity of the products I sell because of huge demand as more youths have ventured to farming thus embracing agribusiness.
Due to the fact that many youth have embraced farming I am seeking funding to buy a more stock to meet with high demand for farm inputs.By providing steady supply of Farm inputs to farmers, I will have created confidence with them enabling me have an advantage over my competitors.My vision is to empower many jobless youth to embrace farming hence eradicating poverty.
.I project the net profit to rise by approximately 20% after the stock increase which I will reinvest in growing the business.
Kindly support futuristic dream.

Loan Proposal

When I get this money,I`ll lease an existing greenhouse from friends and neighbors at $20 per month.I`ll also buy planting materials worth $50 and the remaining funds I`ll keep for a while to check how the business moves.If the return is promising therefore I`ll top up with the remaining amount by purchasing more planting materials.This is to help me in predicting worth output, they normally advice that you don`t put all your eggs in one basket.
Since the farm produce are those that mature within 3 months,mathematically my return will be worth sustaining.My return projection is to have a revenue averagely $230 per month and expenses of around $140 especially during establishment.
Afterwards, expenses shall reduce by half.
I look forward to humble funding from lenders and I`m confident that my business shall reap worth.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 10, 2014

Repayment status

On Time

Projected term

3 months

Lenders

R

Raabo

Rungsted, Denmark

JPadgett

Chandler, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

dlpringle

Denver, United States

Matching Fund

Sterling, United States

CMK71

San Francisco, United States

J

JEllerby

United Kingdom

H

hixeu

Belgium

DennisM

Netherlands

Mikers

Netherlands

R

roger

United Kingdom

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