To lease 2 hecatres of land for establishing tree seedlings

Samuel

Siaya, Kenya

Funds disbursed

$0 to go

100% funded of $100 goal

days left

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How it Works

Entrepreneur

Name

Samuel

Member since

April 2015

On-time repayments

10 installments • 0%

About Me

My Name is Samuel Okoth, I'm a Kenyan, from a humble background with 0' level education qualification, a young man with great dreams who believes in self employment. When I was 5 years old my father died and I have been raised by a single parent upto where I am now. i was brought up in Siaya Ugenya village and after high school worked as an untrained teacher and as a small scale farmer on our farm and was able to raise fees to go to a polytechnic college and study Business management.
Challenges are a great way to look for advancement opportunities thus every hurdle in life is checked on the lessons learn 't and possible solution which has been great to my decision making. Demand drives need and thus with the untapped opportunity in the tree seedling planting industry was a key driver to establishing my tree nursery business.. As an entrepreneur and self driven I would wish to see the virtue of hard work, persistence and focus incorporated in my future generations. My locality is vulnerable to frequent perennial drought a major limitation to rain fed farming. I like socializing, reading books a lot and engaging in farming because i love it.

My Business

I have a a retail shop and beside that i do tree seedling farming. I had a passion for trees, which has driven me to invest in tree planting. I started tree planting long time ago in our compound just for their beauty. When the commercial aspect was introduced to me, it was easy for me to take it up. I first planted trees on our land in my village Siaya County with no specifications of spacing because I did not know much about forestry. I started with species like Eucalyptus grandis, Pinus caribaea and Cyprus. to county offices for beautification purposes and i also sell my seedlings to the ministry of forestry. Due to demand thrives and need for landscaping in my county i saw that there is demand for tree seedlings, i choose this kind of business due to the fact that it requires very few personnel who are highly skilled thus making it easy to manage. I incur cost pertaining buying of water for irrigation purposes and also buying of seedlings. The profits i generate i use them to expand on my business and also improve on different varieties of trees

Loan Proposal

Some of the challenges i encountered are lack of sufficient funds. Tree seedling business is an investment that requires a good capital to run because the cost of labour and seedlings fluctuates a lot. Another problem is the lack of reliable workers as most of them do not carry the vision of the investor, while others do not work at their best because they want to be paid regardless of whether they have completed the work or not.
Given the loan together with my savings i will Furthermore I will lease 2 acre of land for $ 300 to establish more seedlings buy fertilizer and different type of seedlings which will cost around $80 and try to employ two more people for $40 to help me in preparing the nursery and distribute them because i love nature. I look forward for my profits to hit 80%.