Water tank for my farm

Michael

Ganjala, Kenya

Funds disbursed

$0 to go

100% funded of $384 goal

days left

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How it Works

Entrepreneur

Name

Michael

Member since

February 2016

On-time repayments

50 installments • 68%

About Me

I am a born again christian aged 23 , I am the forth born in a family of six children. I went to Mundika boys primary and joined St Mathias Busia secondary school. I then joined KCA university for Degree in business management.
I started my farming business to support my university education. The main problem I faced as a young entrepreneur was start up capital and fluctuating market prices. I took a loan from a friend which I invested in horticulture and the business paid off well. I learnt with time the market trends and have been able to grow my crops at the correct time and not when its convenient . I practice market led agriculture.
I have one baby boy named John,he is 2 years old and very aggressive and loving,.
I am a big soccer fun and spend my free time watching soccer.

My Business

I provide horticulture crops to my customers who include schools,hospital and households,I mainly grow traditional African vegetables, kale ,cabbages and spinach.
the demand for these crops is high due to high population and less farmers. The demand far outweighs the supplies and that's why I am planning to expand my farm to tap the opportunities.
I choose farming business because it was highly profitable and easy to manage.
My montly costs are $160 and my monthly revenues are $400 . I use 50% of my income to pay for my university fees which I will clear in april these year. I then spend the rest on business expansion, and supporting my siblings education.

Loan Proposal

good morning lenders,kindly help me raise my loan of $400 that I would use to buy 10000 liter capacity of water tank to help me irrigate my farm.These will help produce during drought season hence supply my clients continuously. I would really appreciate. Thank you