Loan to buy knapsack sprayer for vegetable farm
Daniel
Burumba, Kenya
100% repaid
Entrepreneur
Name
Daniel
Member since
November 2014
On-time repayments
40 installments • 65%
About Me
My name is Daniel Otieno,I was born in Busia county.In our family we are 10 kids,two boys and 8 girls.My father was a teacher while my mother was a farmer.My father passed on while I was still young boy and left my mom to raise as single handed.
Though life was tough our mom raised as through farming,after completing my secondary education I went back home and started helping my mom.
I realized she was not utilizing the modern available farming technologies and therefore i decided to do modern farming and it paid off.
currently I have one wife and two kids they all want to be doctors in future.I hope and wish the make it in life.
My Business
I am a commercial farmer and i keep both livestock and grow horticulture in my 2 acre farm.I started with high value horticultral crops and have now advanced into dairy farming.
The demand for vegetables and dairy products (milk) is always high throughout the year.I make sure i increase my productivity during the dry season when vegetables and milk are scarce so as to maximize profits.
I choose this business because my mom was a farmer and so as i helped her out in the farm,i developed passion for farming,secondly farming was less capital intensive.
In a month I spend $150 for labor,and transport to the market .My profits are always between $250-350 in a month.
I use my profits to pay fees for my kids ,nephew and siblings.I believe education is power and so I do all i can to empower them.
Loan Proposal
Dear lenders I am requesting you to help me raise a loan to buy a knapsack sprayer,currently i borrow from a neighbor and that has caused a lot of inconvenience because at times when i go to borrow,he is also using it.This has made me make lots of loses. I would really appreciate the $100 loan.I am optimistic ,thank you for visiting my profile.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 26, 2014
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Ask Daniel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...