To stock fertilizer and seeds for planting season
Eric
Bumala, Kenya
21% repaid
Entrepreneur
Name
Eric
Member since
October 2013
On-time repayments
346 installments • 31%
About Me
I'm Eric Otieno Odhiambo,25 years of age.Home where i originated in Vihiga district,Luanda division Ekwanda sublocation Kaila village.Currently i'm living in a small town Bumala in western Kenya.
Am holding a certificate in mechanical engineering(production) from Kenya Industrial Training Institute.I started my business purely to meet my needs in fact that i was an ophan and i had to pay for my own college fees.Since i started my business thing actually changes because i was able to pay my own college fees for the last two years withouth problem.
In kenya we have very fovourable business field and we only lack capital.Example in the public service vehicle(matatu) industry, agricuturial,estate development and many other.So any potetial invester willing to prosper should not hesitate doing it kenya.
For that am a little bit thruogh with my education i have plans to pluogh back my business income to the business so that it can be expanded,so in future i dream to run a very big business.
My Business
I run a small Agrovet business in Bumala town the deals with fertilizer,seeds,animal feeds,pesticides and many other essential commodity to the farmers which i was inherited from my late mother three years ago.And from it have manage to pay my college fees for the last two years.
Because Bumala people are small scale farmers i made lots of sale because i sell in smaller quantity at lower price as compared to other competitors.
During planting season my sales goes up to ksh 20,000 per day of which i will have no problem in repaying the loan.
I'm only faced with the capital to expand my business.But Kenya is the best place for business so no investor should fear any.
Loan Proposal
I thank you alot for allowing me to post my fourth loan now i humbly ask you to support me again.For this loan $1000 i will used to stock fertilizer,that is 30 bags of DAP fertilizer 50kg packed,$300 i will use to stock maize seeds Duma 53 that is four bales and DK maize seeds four bales costing $300.$300 i will use to add animal drugs in my business.Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,847.00
Date disbursed
Apr 19, 2014
Repayment status
Late
Projected term
94 months
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