Entrepreneur
Name
Maurilyne
Member since
July 2018
On-time repayments
10 installments • 30%
About Me
I am a young, small scale farmer working on crop production and livestock. starting of the enterprise, arose from the need and passion to look after cows and provide feed for them adequately.The low employment rate in our country also pushed me further to the venture, to provide a source of income for my personal expenses. this however needs constant reinvestment of most of the income to sustain the business in its infancy stage.
My Business
my business entails sales of grocery and milk . to sustain my livelihood and that of my animals, including machinery maintenance.in order to improve my income, I need to improve on my production scale. this is made possible by the acquiring of a small farm tractor that has greatly improved efficiency on the farm while reducing production costs. some of the income I seasonally generate from hiring the tractor to work for other farmers within my area. this ensures there is constant working capital flow in the enterprise. on average I have a nett income of 25000 monthly.
Loan Proposal
would purchase more seeds and do some spraying of insecticides and also purchase top dressing(CAN)that I would apply to the crops that I currently have in the farm(cauliflower, Chinese cabbage, cabbage, purple cabbage etc)would like to expand more on my crop production for a wider range of customers....that is why I am asking for a loan to boost my business and be a better farmer tomorrow...I would also like to keep afew dairy goats that would also add to my weekly income as a side hustle
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Jul 19, 2018
Repayment status
On Time
Projected term
1 week
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