Entrepreneur
Name
Ken
Member since
September 2015
On-time repayments
227 installments • 84%
About Me
I have grown up in Coastal Kenya.I have graduated recently from Egerton University with B.Sc (Horticulture). Due to the lack of jobs, I have over 500 mango seedlings which I plan to graft soon, though I wish to expand the nursery to include ornamental plants. I also make soap-less detergent that I sell to car wash businesses. These ventures have been started with a small amount I had saved.
The recent G.E.S summit was very inspiring and acts as my source of motivation. I also plan to venture into farming both in crops and livestock.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we grow crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery whereby seedlings are sold at affordable prices.
Loan Proposal
I wish to utilize the funds acquired through this loan in procuring very important assets which will assist to improve production as well as safe guard my investment against theft and the harsh climatic conditions being experienced.
Fence Repair = $ 100.
Water Tank = $ 50.
Hose Pipe = $ 30.
Misting Equipment = $ 150.
Pending Water Bill = $ 50.
Planting Containers & Pots = $ 100.
Fertilizers & Soil Ammendments = $ 70.
Pesticides = $ 30.
TOTAL = $ 580.
EXPECTED RETURNS.
2,800 Seedlings selling @ $ 1 = $ 2,800.
Less Miscelaneous Costs $ 20.
Less Loan Invested $ 580.
NET PROFIT = $ 2,200.
About Me
My name is Ken Mutinda. I am a Kenyan and mainly reside in Malindi town in thee north coast. My childhood can be described as one that was adventurous and fan. I have completed my education up-to bachelors degree level.
Some of the main challenges that we faced at home was poverty and we had to overcome by perseverance and encouragement from our parents and friends.
I started my nursery business immediately I completed college and from the saving I started the detergent business. I also keep some ducks which I sell upon maturity as well as their eggs.
I live in a cosmopolitan area whereby people of different cultures live together in peace.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we row crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery.
I now wish to purchase the motorbike to help with transport as well as be a source of money and employment.
Loan Proposal
I wish to utilize the funds acquired through this loan in procuring very important assets which will assist to improve production as well as safe guard my investment against theft and the harsh climatic conditions being experienced.
Fence Repair = $ 100.
Water Tank = $ 50.
Hose Pipe = $ 30.
Misting Equipment = $ 150.
Pending Water Bill = $ 50.
Planting Containers & Pots = $ 100.
Fertilizers & Soil Ammendments = $ 70.
Pesticides = $ 30.
TOTAL = $ 580.
EXPECTED RETURNS.
2,800 Seedlings selling @ $ 1 = $ 2,800.
Less Miscelaneous Costs $ 20.
Less Loan Invested $ 580.
NET PROFIT = $ 2,200.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$490.00
Date disbursed
Mar 31, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
United States
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