Loan to improve my tree nursery

Ken

Malindi, Kenya

100% repaid

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.

Show original English  

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

Lenders

Paul Buchheit

Mountain View, United States

V

Vivek

Arlington, VA, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

A

Anonymous

United States

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Summary

Amount repaid

$489.72

Amount remaining

$0.00

Date repaid

Jul 17, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 13, 2017 $14.90 Apr 12, 2017 $14.90
Apr 20, 2017 $14.90 Apr 20, 2017 $14.90
Apr 27, 2017 $14.90 Apr 26, 2017 $14.90
May 4, 2017 $14.90 May 3, 2017 $14.90
May 11, 2017 $14.90 May 9, 2017 $14.90
May 18, 2017 $14.90 May 17, 2017 $14.90
May 25, 2017 $14.90 May 24, 2017 $14.90
Jun 1, 2017 $29.81 May 30, 2017 $29.81
Jun 8, 2017 $29.81 Jun 6, 2017 $29.81
Jun 15, 2017 $29.81 Jun 15, 2017 $29.81
Jun 22, 2017 $29.81 Jun 15, 2017 $9.94
Jun 20, 2017 $19.87
Jun 29, 2017 $29.81 Jun 20, 2017 $9.94
Jun 24, 2017 $19.87
Jul 6, 2017 $29.81 Jun 28, 2017 $19.87
Jun 28, 2017 $9.94
Jul 13, 2017 $29.81 Jun 30, 2017 $19.87
Jul 3, 2017 $9.94
Jul 20, 2017 $29.81 Jul 4, 2017 $9.94
Jul 7, 2017 $19.87
Jul 27, 2017 $29.81 Jul 7, 2017 $9.94
Jul 14, 2017 $19.87
Aug 3, 2017 $29.81 Jul 14, 2017 $29.81
Aug 10, 2017 $29.81 Jul 15, 2017 $29.81
Aug 17, 2017 $29.81 Jul 15, 2017 $17.77
Jul 15, 2017 $12.04
Aug 24, 2017 $27.70 Jul 15, 2017 $7.83
Jul 17, 2017 $19.87

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