Water melon farming

Joseph

Nakuru Njoro, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

March 2016

On-time repayments

186 installments  •  5%

About Me

my names are Joseph Maina born in Nakuru rift valley province,am a hard working man and also a christian,we are blessed with one kid,my father left me a small piece of land whereby am doing small scale farming,Kenya is a beautiful green country and a tourist attraction centre,my kid wants to be a farmer just like his dad,I like travelling and spending most of the time in the internate.

My Business

i sell water melons around nairobi,the goods that i sell are in demand simply because am located in nairobi town whereby buiness is developing first, Water melons are delicious red fleshed refreshing fruits commonly eaten as
desserts. The rain fed crop is normally harvested in August/September. Best
months for planting commercial crop is July/August to harvest in October for
best price.Market is likely to be good from October @ 25 - 30sh per kg farm gate
price. One acre can yield 10 tonnes x ksk25 = Ksh250,000ksh in about 3 months
time. Cost of production is about 20 percent of the gross income.Nutritionally the
fruit contains vitamin A, thiamine, riboflavin, nicotinamide and ascorbic acid. Major market for watermelons in Kenya is easily available in Nairobi’s City Market,
Agakhan Market, Githurai Market, Kangemi and Kongowea Market that is in
Mombasa. Alternatively, you can look for market in hotels and supermarkets in
your locality. “There are middle-men who normally come to the farms seeking to
buy your produce even before it matures,so having all that I usually get like 200,000ksh every month as my typical cost every month.my child wants to be farmer when he grows up,I choose this kind of business because my dad left me a small piece of land in baringo so I decided to try water melon farming which is working perfectly well

Loan Proposal

given the loan of 5,800ksh I will buy the following products seedlings that cost 20$ and preparing the farm for plantations will cost about 20$ to 25$ and I will pay the worker 10$ given all that I will be able to create job opportunities and my profit increase to 250,000ksh every month,I use my profits to pay the school fees for my kid and develop my farm

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 20, 2016

Repayment status

On Time

Projected term

22 months

Other loans

Lenders

PG

Paul Graham

United States

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