Purchasing seeds and fertilizer for farming business
Fridah
Kiamthumbi, Meru, Kenya
100% repaid
Entrepreneur
Name
Fridah
Member since
September 2014
On-time repayments
58 installments • 34%
About Me
i am 24 years old. I have two brothers and one sister. i am the second born. We all live with our parents near Meru. i also have a two year old son called Harmony. I finished high school and now i am studying bachelor of education at mt kenya university in thika. I am in my second year of university out of four years. Previously i have taught at a secondary school teaching maths and physics but now i am concentrating on my studies. I look forward to being a qualified teacher. I also like to sing and i sing in my church choir. i use the money that i earn from my farm to help pay my school fees and support my son.
My Business
I have a small farm to grow vegetables – spinach, sukuma and courgettes. The area where i live is very good for farming. The soil is very good and there is lots of rain. The farm is near my parents house and we eat some of the vegetables and sell most them at the market in katheri. I would like to expand my vegetable farm and plant more different vegetables. Diseases can be a problem for my farm so i use different sprays to stop this. my costs are low as i do the work myself and i own my tools such as a hoe, spade and panga. i need to buy seeds, fertilizer and sprays.
Loan Proposal
When i get the loan requested im planning to increase my farm input,starting with is the seedlings,fertilizer for planting,hosepipe for irrigation, and also forked jembe the items will cost 80 $,the remaining balance of 23.4 $ i will pay the remaining school balance for my sister.The increase of my farm input will help me increase my farm product,it will also help me to help my sister who is pursuing secondary education.I am expecting my profit to increase by 47 $ (4000 kes).
Feedback
Positive
4
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Belfast, United Kingdom
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