To transport my tomatoes to a better market place
John
Nakuru, Kenya
100% repaid
Entrepreneur
Name
John
Member since
January 2019
On-time repayments
7 installments • 57%
About Me
my name is John Kamau. I was born and raised in Kenya where my family lived below the dollar. the struggles I faced motivated me rather than breaking me. I looked for a way of overcoming the struggles and I came to find tomato farming. tomato farming is an entrepreneurial venture that is yet to grow bigger and has the capacity to grow very much. If I push through my farming I will be in a position to provide a better future for my kids.
one of my kids is very passionate about being a doctor. He challenges me and keeps asking questions related to medicine. sometimes I am forced to browse for answers.
My Business
my business is tomato farming. currently, I am farming a half an acre piece of land. however, i am looking to scale it as the demand is gradually growing. in fact, I plan to double my production. at the moment, my monthly costs are around 190 usd, and the revenue is 310 usd. I re invest 40% of my earnings, and use the rest to cater for my kids education and home improvements.
Loan Proposal
hello, i intend to use this loan to transport my tomatoes to a tomato paste processing firm. payments are made at the end of the week and this loan will help pay my workers before i receive payments. the cost of transportation is 90usd.
i expect to increase my revenue by an extra 170 usd when i take my tomatoes to the firm.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Jan 30, 2019
Repayment status
On Time
Projected term
1 week
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