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Farming

Acquiring more land ( rice farming)

John DoeJ
EntrepreneurGabrielLocationNairobi, Kenya
Fundraising progress
0%raised
$1,027still needed
13days left

My name is Gabriel Kariuki,i am a marketer by profession,I hold a masters degree in business administration (operations management option (UON) a bachelor degree in business management- marketing option (MKU) I describe myself as a honest,aggressive & an ambitious person,generally am an achiever.

I come from Kirinyaga county in central KENYA,My constituency Mwea is known for rice production,85% supply of rice in east Africa comes from this region.

I am currently in Rice farming and also i do buy rice for speculation to sell at a profit.

I chose Rice farming because currently the demand for Pishori rice is high than the supply .

My budget for leasing and farming one acre of Rice is ksh 170,000. That involves leasing, farm inputs , labor and harvesting . A good rice project, an acre produces 25 bags.

In a good season one bag of pishori Rice (100KG) sells for between ksh 9000-9500.

I usually use my profits to support my family needs and save little for my children education

Currently I am in rice farming and I also buy rice in bulk from farmers and sell to retailers at a profit.

I intend to use the funds to lease an additional rice Farm and use the balance to facilitate farm input and labour.

The funding will help me to farm at least 2 farms and this will boost my revenue and directly impact the community from the economic multiplier.

Thus through increased farming land, I will be able to directly employ an additional 10-15 casual labourers in my farm and through what I pay them they will directly impact the economy when they shop.

On a personal level I will also have an increased disposable income which will directly impact the economy when I pay for labour, shop for farm inputs and spend on family.