Taking fire insurance policy for my sugarcane
Obara
Currently I Live In Maua Town In Meru County., Kenya
100% repaid
Entrepreneur
Name
Obara
Member since
April 2014
On-time repayments
344 installments • 96%
About Me
I am a businessman and a farmer at the same time.I operate a curio shop in Maua town found in Meru county.I also have dairy cows at my rural home in kisii county.
My Business
I have three dairy cows which give me around USD 825 per month on top of my earnings from a curio shop of $530 per month. My average cost to run the business per month is $177 for the shop and USD 150 in my dairy cow farming per month. I also do online assignment with Brainy Writers who pay twice in every month. I do get an average of $352 per month. Their payment is made on 5th and 25th of every month.The only cost I incur to do these assignments is $12 for internet bundles monthly. The only risk involved in my curio shop business is that i deal with fragile goods. For online assignment, the risk involved is that sometimes orders are few for one quarter in a year. This makes me make an average of $60 per month.
Loan Proposal
I have an 8.5acre plantation of sugarcane. I harvested once but after it was burnt down by an unknown individual. This prompted me be deducted Kes600 for every tonne harvested. I would like to take a serious precaution against this by taking up a fire insurance policy on the same sugarcane. I therefore, kindly request reliable lenders to assist me raise this money and take up the policy to cushion me against the impending loss by fire.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$433.00
Date disbursed
Apr 29, 2016
Repayment status
On Time
Projected term
5 months
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