Help me fund my mushroom farming

Vincent

Nakuru, Kenya

Funds disbursed

$0 to go

100% funded of $49 goal

0

days left

Entrepreneur

Name

Vincent

Member since

May 2024

On-time repayments

9 installments  •  0%

About Me

My name is vincent okonda, 32. I was born in Kenya a place called Vihiga .I was raised by my late grandparents until i finished secondary school . I was lucky to join Chuka university and i did my degree in chemistry and graduated in 2017. I have a wife and 1 child, I love swimming and helping elderly people.

Things have been tough since then , getting a job has been a nightmare, I struggled even feeding myself.
I decided to locate to urban area to look for green pasture but still things were difficult.
one day i met with friend who introduced me to Button mushroom farming and i learnt from him.

My Business

last year on December 2023, I started button mushroom farming ,with a small capital of $400( approx. 45000ksh) which was a loan from my cousin.

Mushroom farming is a lucrative business but it require intensive capital to start. From my capital am only doing small scale with small profits just to feed my family and myself. I would wish to expand more on my business that why i need more financial help.

In mushroom farming , for a good start you require 200000ksh(approx. $1800). In a good harvest with this capital you can get 1000 - 1500 kg of mushroom and currently the price of mushroom in Kenya is about 600ksh per kg, total gross profits will be 600000ksh and the net profit will be 400000ksh. It take approximately 2.5 month from preparation to harvest.
The market for Mushroom in Kenya is high and Kenyans are getting to know, apart from red meat and white meat , mushroom is also good source of protein.

Project Proposal

If you help me with the funds, i will buy extra 40 bails of wheat straw. This will increase my production by 60 to 90 kg of mushroom , hence increasing income.... I will be able to help others people too..

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$49.00

Date disbursed

Jun 20, 2024

Backers

P

pmyadlowsky

Charlottesville, United States

D

Dennis

Kahawa Wendani,nairobi, Kenya

Evans

Kitwe, Zambia

Stella

Chingola, Zambia

Melody

Kabwe, Zambia

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  • Vincent    Aug 7, 2024

    I am currently facing several difficulties with managing my finances. This situation is causing me significant stress and concern, as I am struggling to keep up with my financial obligations and plan effectively for the future

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  • Vincent    Jun 20, 2024

    I'm grateful to everyone who supported my business financially. Their contributions will enable me to purchase additional substrate, significantly enhancing my mushroom business.

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