5 sacks seeds and 1 sack fertilizer for potato farming

Paul

Nakuru, Kenya

16% repaid

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How it Works

Entrepreneur

Name

Paul

Member since

January 2014

On-time repayments

47 installments • 17%

About Me

I am resident of Nakuru town.I hold a bachelor of commerce degree in marketing option from from a local University based in Nakuru town. I am also involved in business that operates within the environs of Nakuru since the year 2011. I am currently engaged in farming business with a chain of stores that sell the proceeds from the firm in various parts of the town. My business deals majorly with farm products including maize, beans, potatoes and vegetables. I started the business to substitute my sources of income. When i was starting, i was still a student and paying my school fee was a problem so i decided to venture into business in order to access adequate funds for my expenses and school fees as well.

My Business

The major source of my income is from the sales proceeds of the business. Never the less, I have always wished for a wider capital base in order to expand my business and fully fund my business operation in a greater capacity. The various grains i deal in include maize, beans, potatoes and vegetables of which I generate from my farm. These products are channeled to the market through my major store located within the environ of Nakuru town. I make a total sales of kshs33500 per month of which I spend an average of ksh17500 to cater for my major expenses such as storage, transportation and a casual laborer. Thus I make a profit of kshs16,000 per month hence confidence that when given the loan, I will be able to not only expand my business but also to repay the zidisha loan as per the prescribed schedule.

Loan Proposal

if you lend me the loan it would greatly help me complete with planting.currently i have a deficit of US Dollar 292.602 which as arose due to the fluctuations in prices of seeds, fertilizer and transportation as the farm is far away from the main tarmac road.
I am planing to use this loan to purchase five sacks of potato seeds which are selling at USD 18.7269 each and the remaining USD 46.8173 will purchase a sack of fertilizer which goes for USD35.1130. The balance will be used as transport.
the loan will have reduced my deficit to USD152.156. which is the balance am left with for labour.
please consider. thank you.