Water pump loan
Tom
Migori Town, Kenya
$0 to go
100% funded of $97 goal
0
days left
Entrepreneur
Name
Tom
Member since
October 2014
On-time repayments
37 installments • 22%
About Me
My name is Tom Odhiambo Gard from Kenya. I have for the last two years engaged myself in farming after i lost my job due to retrenchment.
I mainly farm fast-growing produce including tomatoes, onions and cabbage of which i have a ready market both at the local market and supplying the same to local schools on contract.
My intention of joining Zidisha community is to enable me secure affordable loan(s) that i can use to expand my farming. Unlike now, i wish to engage in farming as a full-time business.
My Business
I started farming purely for subsistence. I however realized that i could make good money out of it after brokers started coming to my farm to buy farm produce.
It is at that point when i decided that i had to engage in farming as a business, of which i am already realizing positive results. I wish to be in a position where i do not rely on rainfall, which has become erratic. I intend to buy one or two water tanks that i will use to irrigate my farm. This will ensure constant supply of farm produce to my customers.
Loan Proposal
Dear lenders. You financed my first loan that i used to buy a 10,000-liter water tank.
I turn to you once again for another loan to buy a water pump. I have been hiring a water pump, something that eats into my profits. I would like to have my own water pump for my farming enterprise.
I am convinced that i will be able to re-pay this loan faster considering that i will no longer need to hire a water pump. I look forward to your support.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Mar 3, 2015
Repayment status
Late
Projected term
4 months
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