Loan to lease a piece of land and buy irrigation machine

Stephen

Eldoret, Kenya

5% repaid

Follow Stephen

How it Works

Entrepreneur

Name

Stephen

Member since

March 2017

On-time repayments

107 installments • 22%

About Me

I am a resident of Eldoret, the city of champions , born in the year 1988 at a place called Turbo, i grew up during my tender age at that village. I managed to access education at Umoja Primary school in before joining Kapsoya shcool.
we owned a very large piece of land at home and having the background knowledge in Agriculture from my high school moments, i used the piece of land to plant kale and sale to the market place.
I lost my father after completing secondary school adn this denied me the opportunity to join the university because my mother could not be able to pay my school fees.

My Business

i do farming in eldoret, small scale farming where i plant food crops and sale to the local residence of the area.
These services are very useful and important because they are the most basic need that we need to survive. It is food to our body this increases the demand.
i chose this business because of availability of resources. I had a piece of land and the inputs could easily be accessed from our cows dungs.
i use the m0ney that i make to support my family, my mother is currently in her late 50s and she rarely works so i have taken the responsibility of providing food to her and my young ones. I also grow my farming business by buying inputs so that i can increase my income and the quantity of my produce.

Loan Proposal

Thank you lenders ones again for this humble opportunity. Given this loan again, i wil invest the sum total of 400 us dollars into buying an Irrigation machine called the Money Maker Pump at a cost of 290 us dollars, lease a piece of land for farming at a cost of 100 us dollars and use the remaining 10 us dollars to buy inputs for conducting the farming.
I will personally benefit from this business because i will increase my income and hence better my living. Other people will also benefit because i will create employment to people who will work in the farm as well as my customers will get the farm products readily.
I will increase my income as i will now be conducting large scale farming. Thank you lenders, God bless your work as i look forward to working with you people again.