Motorbike

David

Nairobi, Kenya

100% repaid

Entrepreneur

Name

David

Member since

June 2015

On-time repayments

304 installments  •  98%

About Me

I was born in a rural town in Kenya called Machakos. I spent most of my early childhood observing my grandparents as they did farming, though at that time most it was mostly subsistence farming. It's from this that I grew to love farming. Even after moving to the city, I still had that passion. That is why I took on farming as a hobby and eventually I have turned it into a money making venture.

I'm an information system administrator in the hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements. I'm a qualified Computer technician and hold a diploma in computing from NCC education level 4 (QCF).

My Business

At the moment, I'm doing horticulture farming i.e., tomatoes and corianders as well as maize farming. Basically, I farm anything which is in the season and which has the prospect of giving me a good return. Initially, I was doing this as a hobby but after seeing that it gives good returns, I turned it into a business. Currently, I have employed several people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery I need. At the moment I'm saving money so that I can buy my own land.

Loan Proposal

I have several farms with I have rented in different places. Moving between them is a challenge and it get complicated when it rains.
Since there is no main roads leading to them I normally take a motorbike ride to and fro where on a normal day I'm changed 1 dollar and when it rains it go up to 2 dollars one way.
The cost increases further if I have items want to be moved to the main access road.
If I buy a motorbike it will facilitate my movement and at the same time help in moving my farm produce to the market easily. Also I will get extra income if I rent my bike to other farmers or move their product to the market.
a good bike cost around 800 dollars and about 50 dollars for insurance.

Show original English  

About Me

I was born in rural town in Kenya called Machakos and spent most of my early childhood observing my grandparents as they do farming though at that time most it was mostly subsistence farming. Its from this I grew to love farming and even after moving to the city I still had that passion. That is why I took farming as hobby and eventually I have turn into in to a money making venture.
I'm an Information system administrator in hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements.
I'm a qualified Computer technician with and holds a diploma in Computing from NCC education level 4 (QCF).

My Business

At the moment I'm doing horticulture farming I.e Tomatoes and corianders as well as Maize farming. Basically I farming anything which is in the season and which has prospect of give me a good return.
Initially I was doing this as hobby but after see that it gives good returns I turn it into a business. currently have employed severals people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery need. At the moment I'm saving money so that I can buy my own land.

Loan Proposal

I have several farms with I have rented in different places. Moving between them is a challenge and it get complicated when it rains.
Since there is no main roads leading to them I normally take a motorbike ride to and fro where on a normal day I'm changed 1 dollar and when it rains it go up to 2 dollars one way.
The cost increases further if I have items want to be moved to the main access road.
If I buy a motorbike it will facilitate my movement and at the same time help in moving my farm produce to the market easily. Also I will get extra income if I rent my bike to other farmers or move their product to the market.
a good bike cost around 800 dollars and about 50 dollars for insurance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,133.00

Date disbursed

Oct 17, 2018

Repayment status

On Time

Projected term

8 months

Lenders

Franmiguel

Perth, Australia

Erin

Santa Barbara, United States

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