Buying a donkey to transport my produce to market
Robert
Amukura, Kenya
100% repaid
Entrepreneur
Name
Robert
Member since
February 2016
On-time repayments
44 installments • 70%
About Me
I am the third born in a family of three children,I went to Asenge primary school and Kolanya secondary school.I then joined kibabii technical college but did not complete my course in business administration due to lack of money.
I went back home and worked as a farm hand for a neighbor ,these is when I realized farming was also an opportunity to get rich as long as you planned well to minimize production costs and increase revenues. I worked for six months as saved to start up capital. With the experience and $200 start up capital, I decided to plant kale's in my fathers farm,the kale's did well and I have been doing kale's and bananas. I dont regret and I have now resumed my studies as evening student.
most the people from the community I come from are farmers,we grow alot of bananas here.
I am soccer fun and spend my free time watching soccer and training my local team since I am there coach.
My Business
I provide vegetables and bananas to my clients, I have 2 acres under bananas and 0.5 acres under kale's.
Due to food scarcity and ever growing population th demand for agricultural products has been growing.
I choose farming business because it was the most profitable venture to engage on.
my monthly typical costs are $200 and my monthly typical revenues are $500. I spend the money on my fees,buy basics and take care of my wife and kid.
Loan Proposal
Hello lenders,to boost my income ,i would like to buy a donkey to help transport my produce to the market and also help me provide transport services to my neighbors. the donkey would help me cut the cost of transports as well as help me raise income through my services.the donkey would cost me $300 and I would top up with my savings.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Sep 11, 2016
Repayment status
On Time
Projected term
46 months
Other loans
Lenders
United States
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