Tea farming

Anthony

Kanja, Embu, Kenya

15% repaid

Entrepreneur

Name

Anthony

Member since

August 2014

On-time repayments

201 installments  •  37%

About Me

I am an entrepreneur, a freelance software developer, a writer, and a philanthropist. You may ask why I need funding when I am already a philanthropist. Well, I come from and live in an area where one is viewed as wealthy simply for being able to meet his or her basic needs. Majority of the people are poor and I come across many individuals seeking my assistance. Although, I do not have much to give, I often sacrifice and share the little I have. Nonetheless, I also face financial difficulties sometimes.
I would fill a novel describing my childhood but let me say that although I missed many things that an average child gets, I was fortunate to get an education. My diligence and brilliance in school propelled me to the University. It is at the university that I felt the harsh bit of life because I lacked various dimensions of support, including financial, moral and parental support. The challenges were a blessing in disguise because it is during this time of challenges that I begun engaging in entrepreneurial activities. I have gained wide knowledge not only through my formal education but also from freely available resources such as the internet and experience.
My area is unique in a number of ways. It is evergreen and farming is the way of life here. It has great potential for agriculture yet not fully exploited. We have wildlife that is a treasure but it is difficult convincing many individuals to conserve it due to high poverty levels. The population is a mix of both educated and uneducated lot. Perhaps the most unique aspect is the characteristics of the local economy that is driven largely by tea farming. Essentially, tea farmers are paid annually with a main bonus; the semiannual mini-bonus and the monthly income are small fractions of what they ought to get from the tea sales. This makes farmers have huge financial burdens for the greater part of the year due to labor costs. You will find many farmers with debts in the local shops, which they pay when they receive their payment. One area that I know zidisha would, and is, make a great impact is my area.
My aims of initiating the agricultural ventures, of which I am seeking funding, are not only to have a means of livelihood, but also to fill a gap in the market, motivate people into agribusiness, and eventually assist other farmers also become successful. My ventures require financial input because some like chicken rearing and dairy farming are in the startup stage. I have farmed tea for a while and my plans are to expand the plantations.
I will be highly grateful for the support and hopes the kindness develops into a long-term business relationship.

My Business

I am in agribusiness, with a focus in tea farming, horticulture, chicken rearing and dairy farming. I chose tea farming because of its stability in terms of returns and it offers relatively good returns. The existence of the Kenya Tea Development Authority (a marketing entity) makes the work of tea farmers easier. Payments are guaranteed. Tea is also advantageous in the sense that there are no major challenges inherent in other crops such as pests and diseases. I would classify weeding and labor requirements as major challenges. Therefore, investment in tea farming is a low risk venture.
My average annual net income for the last three years from tea farming was KES 70,000 (approx US$760). I expect this figure to increase because some of my young tea stems have matured and more will mature at the end of the year. My vision for the tea farming project is to have a monthly income of about 80,000 KES (approx. US$ 870). Tea farming is my main farming activity but as advised by experts I have diversified my farming. I therefore rear chickens as a business as well as do dairy farming and tomato farming.
Chicken rearing is also a viable venture. Chicken mean and eggs are in high demand in my target market. Currently, I have 150 mature layers but my next target is to have 500 layers, and eventually 1000 layers to take advantage of economy of scale. The main cost in chicken rearing is costs of feeds. Because sometimes I make my own feeds, the cost of feeds for the 150 layers is approx. 15,000 KES (approx. US$160) per month as opposed to about 25,000 KES when using commercial feeds only. Gross monthly revenue is approx. 55,000 KES (US$587.96). Now, I plan to strength my dairy farming and later grow my chicken business. The reason for this strategy and prioritizing is that increasing my chicken stock will require construction of a bigger house, which involves costs.
For my dairy farming, the plan is to purchase a good cow that produces at least 35 litres per day. This will make business sense. The demand for dairy products, especially milk, is high. In addition, the availability of a milk cooperative in my area provides a ready market for milk.

Loan Proposal

I will use the loan to purchase a more productive dairy cattle (I have identified one that yield 32 litres of milk at a cost of 55,000 KES (approx. US$600). The cost advantage of having few cattle that are more productive cattle as opposed to many cattle that are less productive is conventional knowledge. Since feeding contributes a large portion of the costs of dairy farming, having few cattle that produce more milk leads to increased profits. I also plan to purchase a motorcycle and I have been offered to pay in two installments. The motorcycle costs 75,000 KES (approx. US$816). I will pay the US$30,000 (approx. US$326) for the first installment and will clear the balance with the mini-bonus I will get from my tea earnings. The remaining approx US$20 will be used to cover overhead costs.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,010.00

Date disbursed

Jan 26, 2015

Repayment status

Late

Projected term

43 months

Other loans

Lenders

tjm212003

Montreal, Canada

C

CWS

Huntington beach, ca, United States

W

WilsonLending

Atlanta, United States

S

Snick

Halle, Germany

H

Hilke

Bremen, Germany

G

Givemoreuseless

Waterloo, Canada

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

D

drakekids

Greensboro, United States

S

Spassmacher

46244 Bottrop, Germany

P

Philippe

Adliswil, Switzerland

AdamP

Sunnyvale, United States

BelleStarr

Albuquerque, United States

E

Ehaffey

Washington D.C., United States

L

lmuenchen

Munich, Germany

José Antonio

Carapicuíba, Brazil

A

andyfletcher

I want my "My loans" page back, Qatar

DeanDropshot

Oslo, Norway

lorrymac

Killough, United Kingdom

I

ideerge

Mountain View, United States

EHTHighSchool

Egg Harbor Township, United States

J

Jdoyle

Kitchener, Canada

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

A

argentpepper

Boston, United States

L

louisela

Eugene, Oregon, United States

Raoul72

Naarden, Netherlands

G

gt2016c

Birchgrove, Australia

H

Hynek

Brussels, Belgium

J

jjcharlie

chicago, United States

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

J

Jacquinta

London, United Kingdom

Zidisha

Sterling, United States

S

Steveandson

Arlington, United States

G

GLWall

Iowa, United States

tmisch

San Jose, California, United States

P

Piccolo

London, United Kingdom

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

BJ

Brandon Joz

North Carolina, United States

Aggul

London, United Kingdom

Jeff and Marcie

Portland, OR, United States

E

Elisa

Espoo, Finland

B

blahblah

Nuernberg, Germany

RockinRobin

Centennial CO, United States

MichaelR

Los Angeles, United States

C

CheesemanDan

Shanghai, China

JimVandegriff

Trinidad, California, United States

Krtecek

Balzers, Liechtenstein

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

Dan Haynes

Bozeman, United States

T

tmsaddress

Orlando, Florida, United States

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

Elaine123

Philadelphia, United States

andreasol

Bielefeld, Germany

P

portlandloans

Portland, United States

rasmus

Bern, Switzerland

Moyeji

Australia

Los Wade

United States

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

M

markusfitza

College Station, United States

P

penguin3694

Chicago, United States

A

aiban

Austin, United States

S

Sabine

Courtenay, Canada

A

Austrian

Graz, Austria

E

EnhanceLife

Heber City, United States

S

samuk

Nottingham, United Kingdom

D

davide

Vallentuna, Sweden

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

J

janharg

Garland, Tx, United States

U

UmSaeed

Southfield, United States

D

Dionne

Pembroke, Bermuda

A

amnesiac

Adelaide, Australia

D

Dave22202

Arlington VA, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

W

WellingtonPFClass

Columbus, Oh, United States

C

cescotet

Needham, United States

RandyPetersen1

Colorado Springs, United States

B

Bluejay

Magrath, Canada

OlyRhys

Olympia, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

R

Rearden

STAVANGER, Norway

HMS_5th_Grade

Honolulu, United States

C

Caalve

Bratislava, Slovakia

J

Jyoti

Herndon, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

P

prashant

SUNNYVALE, United States

S

solarkismet

Logan, United States

Y

Yecats

New York, United States

J

Johannes

Pirmasens, Germany

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

N

Neveda

Flagstaff, United States

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

N

Navigator

Alavus, Finland

K

Krish

Dubai, United Arab Emirates

PulsoJewelry

Los Angeles, United States

J

jocke

Stockholm, United States

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

ThorstenH

Bensheim, Germany

S

SnifferTheBunny

Brighton, United Kingdom

xtrahardware

Cazenovia, United States

Evan Lamos

Brussels, Belgium

I

ImSirFing

United States

B

BobHope

United States

pvilliger

Zurich, Switzerland

I

ibd267

Ambler, United States

K

Kimbo

Vietnam

atallman

London, United Kingdom

Mikers

Netherlands

M

mcgeefamilyny

United States

B

BigRosie

United States

melissapmeier

United States

KM

Kirsty M

United Kingdom

S Masler

Tennessee, U.S.A., United States

Frank Termathe

Frankfurt Main, Germany

Dave Bogard

New York, United States

jinn

United Kingdom

Dayton

Vancouver, Canada

Rob Wright

OKC, OK, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Anthony a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$252.21

Amount remaining

$1,446.08

Expected completion

Aug 26, 2018

Status

Repaying late

Installment amount

$561.80

Repayment History

Expected Payments Actual Payments
Feb 8, 2015 $12.55 Feb 17, 2015 $12.55
Feb 15, 2015 $12.55 Feb 17, 2015 $0.11
Feb 20, 2015 $12.44
Feb 22, 2015 $0.11 Feb 20, 2015 $0.11
Mar 1, 2015 $2.25 Mar 10, 2015 $2.25
Mar 8, 2015 $2.25 Mar 10, 2015 $2.25
Mar 15, 2015 $2.25 Mar 25, 2015 $2.25
Mar 22, 2015 $2.25 Mar 25, 2015 $0.22
Apr 1, 2015 $2.02
Mar 29, 2015 $2.25 Apr 1, 2015 $0.79
Apr 7, 2015 $1.46
Apr 5, 2015 $2.25 Apr 7, 2015 $1.57
Apr 15, 2015 $0.51
Apr 22, 2015 $0.17
Apr 12, 2015 $2.25 Apr 22, 2015 $2.25
Apr 19, 2015 $2.25 Apr 29, 2015 $2.25
Apr 26, 2015 $2.25 Apr 29, 2015 $2.25
May 3, 2015 $2.25 Apr 29, 2015 $0.56
May 13, 2015 $1.69
May 10, 2015 $2.25 May 13, 2015 $0.67
May 20, 2015 $1.57
May 17, 2015 $2.25 May 20, 2015 $1.24
May 27, 2015 $1.01
May 24, 2015 $2.25 May 27, 2015 $0.11
Jun 3, 2015 $1.11
Jun 3, 2015 $1.02
May 31, 2015 $2.25 Jun 3, 2015 $0.09
Jun 9, 2015 $2.16
Jun 7, 2015 $2.25 Jun 9, 2015 $0.09
Jun 17, 2015 $2.16
Jun 14, 2015 $2.25 Jun 17, 2015 $2.25
Jun 21, 2015 $2.25 Jun 17, 2015 $0.09
Jul 9, 2015 $2.16
Jun 28, 2015 $2.25 Jul 9, 2015 $1.85
Aug 18, 2015 $0.39
Jul 5, 2015 $2.25 Aug 18, 2015 $2.25
Jul 12, 2015 $2.25 Aug 18, 2015 $2.25
Jul 19, 2015 $2.25 Sep 2, 2015 $2.25
Jul 26, 2015 $2.25 Sep 2, 2015 $2.25
Aug 2, 2015 $2.25 Sep 2, 2015 $2.25
Aug 9, 2015 $2.25 Sep 2, 2015 $2.25
Aug 16, 2015 $2.25 Sep 2, 2015 $2.25
Aug 23, 2015 $2.25 Sep 2, 2015 $2.25
Aug 30, 2015 $2.25 Sep 2, 2015 $2.25
Sep 6, 2015 $2.25 Nov 4, 2015 $2.25
Sep 13, 2015 $2.25 Nov 4, 2015 $2.25
Sep 20, 2015 $2.25 Nov 4, 2015 $0.11
Nov 18, 2015 $2.13
Sep 27, 2015 $2.25 Nov 18, 2015 $2.25
Oct 4, 2015 $2.25 Nov 18, 2015 $1.24
Dec 2, 2015 $1.01
Oct 11, 2015 $2.25 Dec 2, 2015 $2.25
Oct 18, 2015 $2.25 Dec 2, 2015 $0.11
Dec 16, 2015 $2.13
Oct 25, 2015 $2.25 Dec 16, 2015 $2.25
Nov 1, 2015 $2.25 Dec 16, 2015 $0.11
Dec 27, 2015 $2.13
Nov 8, 2015 $2.25 Dec 27, 2015 $2.25
Nov 15, 2015 $2.25 Dec 27, 2015 $2.25
Nov 22, 2015 $2.25 Dec 27, 2015 $2.25
Nov 29, 2015 $2.25 Dec 27, 2015 $2.25
Dec 6, 2015 $2.25 Dec 27, 2015 $2.25
Dec 13, 2015 $2.25 Dec 27, 2015 $2.25
Dec 20, 2015 $2.25 Dec 27, 2015 $2.25
Dec 27, 2015 $2.25 Dec 27, 2015 $2.25
Jan 3, 2016 $2.25 Dec 27, 2015 $0.11
Jan 13, 2016 $2.13
Jan 10, 2016 $2.25 Jan 13, 2016 $2.25
Jan 17, 2016 $2.25 Jan 13, 2016 $0.11
Jan 21, 2016 $1.07
Jan 21, 2016 $1.07
Jan 24, 2016 $2.25 Feb 1, 2016 $2.25
Jan 31, 2016 $2.25 Feb 1, 2016 $2.25
Feb 7, 2016 $2.25 Feb 1, 2016 $0.11
Feb 14, 2016 $2.13
Feb 14, 2016 $2.25 Feb 14, 2016 $2.25
Feb 21, 2016 $2.25 Feb 14, 2016 $0.11
Mar 3, 2016 $2.13
Feb 28, 2016 $2.25 Mar 3, 2016 $2.25
Mar 6, 2016 $2.25 Mar 3, 2016 $0.08
Mar 8, 2016 $1.11
Mar 8, 2016 $1.06
Mar 13, 2016 $2.25 Mar 8, 2016 $0.06
Mar 16, 2016 $1.11
Mar 16, 2016 $1.08
Mar 20, 2016 $2.25 Mar 16, 2016 $0.03
Mar 30, 2016 $2.21
Mar 27, 2016 $2.25 Mar 30, 2016 $2.25
Apr 3, 2016 $2.25 Mar 30, 2016 $0.03
Apr 16, 2016 $2.21
Apr 10, 2016 $2.25 Apr 16, 2016 $2.25
Apr 17, 2016 $2.25 Apr 16, 2016 $2.25
Apr 24, 2016 $2.25 Apr 16, 2016 $0.03
May 3, 2016 $2.21
May 1, 2016 $2.25 May 3, 2016 $2.25
May 8, 2016 $2.25 May 3, 2016 $2.25
May 15, 2016 $2.25 May 3, 2016 $2.25
May 22, 2016 $2.25 May 3, 2016 $2.25
May 29, 2016 $2.25 May 3, 2016 $0.03
May 22, 2016 $2.21
Jun 5, 2016 $2.25 May 22, 2016 $2.25
Jun 12, 2016 $2.25 May 22, 2016 $2.25
Jun 19, 2016 $2.25 May 22, 2016 $2.25
Jun 26, 2016 $2.25 May 22, 2016 $2.25
Jul 3, 2016 $2.25 May 22, 2016 $2.25
Jul 10, 2016 $0.03 May 22, 2016 $0.03
Jul 17, 2016 $33.71 Jul 23, 2016 $33.71
Jul 24, 2016 $3.37 Jul 23, 2016 $3.37
Jul 31, 2016 $5.62 Aug 10, 2016 $5.62
Aug 7, 2016 $0.00
Aug 14, 2016 $0.00
Aug 21, 2016 $0.00
Aug 28, 2016 $0.00
Sep 4, 2016 $11.24 Sep 14, 2016 $11.24
Sep 11, 2016 $2.25 Sep 15, 2016 $2.25
Sep 18, 2016 $2.02 Oct 8, 2016 $2.02
Sep 25, 2016 $2.02 Oct 8, 2016 $2.02
Oct 2, 2016 $2.02 Oct 8, 2016 $2.02
Oct 9, 2016 $0.67 Oct 8, 2016 $0.67
Oct 16, 2016 $0.00
Oct 23, 2016 $0.00
Oct 30, 2016 $0.00
Nov 6, 2016 $0.00
Nov 13, 2016 $0.00
Nov 20, 2016 $0.00
Nov 27, 2016 $0.00
Dec 4, 2016 $0.00
Dec 11, 2016 $2.25 Aug 9, 2018 $2.25
Dec 18, 2016 $2.25 Aug 9, 2018 $2.25
Dec 25, 2016 $0.00
Jan 1, 2017 $0.00
Jan 8, 2017 $0.00
Jan 15, 2017 $0.00
Jan 22, 2017 $0.00
Jan 29, 2017 $0.00
Feb 5, 2017 $0.00
Feb 12, 2017 $0.00
Feb 19, 2017 $0.00
Feb 26, 2017 $0.00
Mar 5, 2017 $0.00
Mar 12, 2017 $0.00
Mar 19, 2017 $0.00
Mar 26, 2017 $0.00
Apr 2, 2017 $0.00
Apr 9, 2017 $0.00
Apr 16, 2017 $0.00
Apr 23, 2017 $0.00
Apr 30, 2017 $0.00
May 7, 2017 $0.00
May 14, 2017 $0.00
May 21, 2017 $0.00
May 28, 2017 $0.00
Jun 4, 2017 $0.00
Jun 11, 2017 $0.00
Jun 18, 2017 $0.00
Jun 25, 2017 $0.00
Jul 2, 2017 $0.00
Jul 9, 2017 $0.00
Jul 16, 2017 $0.00
Jul 23, 2017 $0.00
Jul 30, 2017 $0.00
Aug 6, 2017 $0.00
Aug 13, 2017 $0.00
Aug 20, 2017 $0.00
Aug 27, 2017 $0.00
Sep 3, 2017 $0.00
Sep 10, 2017 $0.00
Sep 17, 2017 $0.00
Sep 24, 2017 $0.00
Oct 1, 2017 $0.00
Oct 8, 2017 $0.00
Oct 15, 2017 $0.00
Oct 22, 2017 $0.00
Oct 29, 2017 $0.00
Nov 5, 2017 $0.00
Nov 12, 2017 $0.00
Nov 19, 2017 $0.00
Nov 26, 2017 $0.00
Dec 3, 2017 $0.00
Dec 10, 2017 $0.00
Dec 17, 2017 $0.00
Dec 24, 2017 $0.00
Dec 31, 2017 $0.00
Jan 7, 2018 $0.00
Jan 14, 2018 $0.00
Jan 21, 2018 $0.00
Jan 28, 2018 $0.00
Feb 4, 2018 $0.00
Feb 11, 2018 $0.00
Feb 18, 2018 $0.00
Feb 25, 2018 $0.00
Mar 4, 2018 $0.00
Mar 11, 2018 $0.00
Mar 18, 2018 $0.00
Mar 25, 2018 $0.00
Apr 1, 2018 $0.00
Apr 8, 2018 $0.00
Apr 15, 2018 $0.00
Apr 22, 2018 $0.00
Apr 29, 2018 $0.00
May 6, 2018 $0.00
May 13, 2018 $0.00
May 20, 2018 $0.00
May 27, 2018 $0.00
Jun 3, 2018 $0.00
Jun 10, 2018 $0.00
Jun 17, 2018 $0.00
Jun 24, 2018 $0.00
Jul 1, 2018 $0.00
Jul 8, 2018 $0.00
Jul 15, 2018 $0.00
Jul 22, 2018 $0.00
Jul 29, 2018 $0.00
Aug 5, 2018 $0.00
Aug 12, 2018 $561.80
Aug 19, 2018 $561.80
Aug 26, 2018 $322.48

Loading...