Entrepreneur
Name
Vincent Kipkirui
Member since
November 2013
On-time repayments
157 installments • 16%
About Me
I am 23 years old a student at kisii university college studying commerce and business. I joined campus in the year 2010 and know i am in fouth year, determined to do my level best and graduate next year 2014. I completed my kcse certificate in the year 2009 in the local district school called litein boys high school. I passed very well and scored a good grade of B+ and this enabled me to secure a commerce course in university. My parents live in a village called Kapsimbeywo, Keringet Division Kuresoi South in Nakurru county. They are peasant farmers and i am proud of their hardworking which see me and my other young siblings in school. I am a first born son of seven. Currently being a student i am an entrepreneur too, running a small income generating project to help my parents pay school fees.
My Business
I am operating farming business activity at our local village where i grow potatoes and sell them on harvesting to local markets and community members. I started this farming activity 10 months ago when i realised the potentiality of the business. My parents gave me 1/2 acre piece of land when i requested them to support me in taping this opportunity. The cost of production goes upto ksh 15000 which i got them from friends and well relatives. The maturity period of this potatoes crops takes exactly three months upon when uprooted i sell to local markets. The total output of this piece of land goes to upto 40 sags and each sag cost ksh 4500 in local markets. I get seasonal laborers from local people whom i pay them in hourly rate. The challenge i am facing is market fluctuating price and climatic change which adversely affect the production. Another main challenge is accessibility of funds to run this project. If get help and financial support i will expand the farming business to further increasing the piece of land to more acres.
Loan Proposal
Thanks zidisha for activating my loan profile. I am pleased to have accepted my application. I will use the loan to upgrade my farming business to further extending my farm. I will buy farm inputs worth ksh7000 and the rest use to employ temporary workers and pay them in time rate basis. I will be updating you always on the progress of our business to see we get to success. I promise and accept this is a loan and i will repay on time and also in full. I welcome your support. Thanks and God Bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 11, 2013
Repayment status
On Time
Projected term
23 months
Other loans
Lenders
Linköping, Sweden
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