Tea planting

Wesley Korir

Kericho, Kenya

100% repaid

Entrepreneur

Name

Wesley Korir

Member since

March 2015

On-time repayments

196 installments  •  78%

About Me

I am Korir Wesley, a graduate in Bachelor of science in information technology. I have a passion in farming, I grew up in a farm and I spent most of my childhood working in our farm.

My Business

I ventured into tea seedling farming, this is after I did a research and found out that most farmers are willing and ready to plant tea but lacking the seedlings to plant. I saw a ready market and this led me into building a nursery.

Loan Proposal

I will the money to purchase more sleeves which means i will plant more seedlings. At the moment we are experiencing the long rains which is the best weather for tea planting. With this weather and the money i will get, i know will make a huge difference.
My budget is as follows
1. Sleeves----------$30
2. Labor------------$25
3. miscellaneous----$15
The cost of planting one seedling and the expenses required till maturity is approximately $0.05 and the price i expect to sell a seedling after 6 months is approximately $0.12.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$71.00

Date disbursed

May 28, 2016

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $3.55

Lenders

Dayton

Vancouver, Canada

Taylor

Memphis, United States

NS

Nielson Santana

Recife, Brazil

Anonymous

Ocoee, United States

F

Frank

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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  • Wesley Korir    Apr 24, 2022

    Long rains started this week, and farmers are preparing their farms for planting. I expect a huge demand for my seedlings soon

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  • Wesley Korir    Mar 20, 2022

    Long rains that was expected to start this month is late and yet to commence

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  • Wesley Korir    Feb 22, 2022

    The expected rains are yet to start which pushed the planting season forward by a few weeks

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  • Wesley Korir    Feb 14, 2022

    With loan I will acquire two wheelbarrows, which will provide the needed assistance to transport seedlings from the necessary to the farm for planting. Your help is highly appreciated.

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  • Wesley Korir    May 2, 2021

    My previous loan was used to purchase a water container which was essential for storing water used for irrigating tea seedlings during the drought season. i wish to acquire a bigger tank for the same purpose, since rainfalls are no longer predictable as they used to be.

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  • Wesley Korir    Nov 30, 2020

    Covid 19 pandemic closed down my business

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  • Wesley Korir    Oct 20, 2020

    Effects of corona pandemic

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  • Wesley Korir    Sep 4, 2020

    Corona virus paralyzed my business

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  • Wesley Korir    Jul 5, 2020

    Due to corona pandemic and Loss of business

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  • Wesley Korir    May 10, 2020

    Due to corona virus, farmers fear coming by to buy seedlings

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  • Wesley Korir    Mar 24, 2020

    I hate to shut down my business due the Covid_19 pandemic

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  • Wesley Korir    Feb 2, 2020

    My business is still struggling

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  • Wesley Korir    Dec 23, 2019

    During this Christmas holidays, business is down

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  • Wesley Korir    Nov 13, 2019

    My business is still badly off

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  • Wesley Korir    Sep 28, 2019

    My business is not making enough profit

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  • Wesley Korir    Aug 22, 2019

    My business is still recovering

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  • Wesley Korir    Jul 10, 2019

    I cannot afford to pay the full amount at the moment.

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  • Wesley Korir    May 26, 2019

    My first batch of seedlings is almost ready for planting, as soon as it does I will be able to repay my loan in full.

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  • Wesley Korir    Apr 9, 2019

    We have been experiencing a prolonged drought for the last four months, I am hopeful that the rainy season will start soon.

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  • Wesley Korir    Feb 24, 2019

    I am still struggling with my business due to a prolonged drought we have been experiencing.

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