Entrepreneur
Name
Michael Mutuiri
Member since
May 2013
On-time repayments
29 installments • 38%
About Me
My name is Michael Mutuiri and I am married with one child. I reside in Muchina Farm near Kabatini trading Centre six (6) kilometers from Nakuru/Nyahururu –Nyeri at a junction called Maili Sita, identifiable land marks at Maili Sita the highway is Kiamaina Sec. School, St. Michael Catholic church, JC trading centre towards Ndunduri forest through Kabatini centre. Past Kabatini centre heading to the forest there is a saw mill (Currently not in use) from there, anybody that you ask or any home that you enter you will be directly to my home.
My Business
I practice Agribusiness near Kabatini trading centre at Muchina farm. I grow tomatoes, kales, cabbages and maize on a one and a half (1.5 acres) piece of land. Except maize which I have planted on three quarter (0.75 acres) of land, the other crops I have planted on a quarter of an acre (0.25 acre) respectively .From kales, I earn about ksh 4, 000 on average per week amounting to ksh 16,000 per month. On tomatoes farming, I earn about ksh 50,000 per season where I plant two seasons in a year. A season takes duration of 6 months. From cabbage planting, I usually plant 15,000 pieces hence they are fully grown sell them at an average price of ksh 20.like tomatoes, cabbages are grown in two seasons a year where for the two seasons I plant 30,000 pieces selling them at ksh 20 brings returns of ksh 600,000 in a good year. More also, I am a daily farmer where I earn on average ksh 17,000 on a monthly basis. The gross total annuals of all my businesses is ksh 1,096,000.From here, I am able to pay my bills, carter for my needs and my family.
Since my mother is not financially stable, I and my elder sister have since assisted in school fees payment of our two younger brothers’s, one who completed high school last year and another who is in his third year at a local university.
Loan Proposal
I would like to add my dairy farming by adding 2 cows to increase milk production, by so doing, milk will be enough for feeding the family and selling. I also like to buy water pump to irrigate the farm because we are heading to a dry season period. Pump will help me to grow vegetables for sale.
I also like to buy wheelbarrows that I will be transporting manure from livestock to farm.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 5, 2013
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Eynesbury, Australia
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