Purchase fertilizer and maize and bean seeds for planting season
Ronald
Bumala, Kenya
4% repaid
Entrepreneur
Name
Ronald
Member since
March 2014
On-time repayments
262 installments • 1%
About Me
am ronald ndile am the fist born of mr. and mrs. ndile.i went to bujwanga primary and latter went to bujwanga secondary in sio port . after my o level i was not able to join any collage because of the lack of education so i opt to look for small job to keep my life on truck i did with the Agriculture ministry as a casual worker for three month of the year 2011 that was June -august i having working in a hotel in bumala as a cook which has been helping me to look after my life and that of my family from these i have been able to avoid bad companies.
My Business
I Ronald Ndile i have passion on agricultural practice.After reading an article on a daily news paper about investing on agriculture.I became interested and started farming on an accre.After harvesting i got a bumper harvest and decided to invest more.Now i run two business together.Five accre where i plant beans and maize for sale and a small business where i sell farm input for other farmers.I suply farmers with fertilizer and seeds.
There is demand for my product as you know maize is a stable food in Kenya.This business is profitable because you invest less and after harvesting you get more.The risk am facing sometimes is when rains are shorter and am planning to be doing irrigation in the future to eliminate this risk.My cost is seasonal.One season i can invest up to $1000 which can give a profit of another $1000 when harvest is good.
Loan Proposal
I would like to thank you for giving me this golden chance to loan with you.This loan $70 i will use to to buy two sacks of DAP fertilizer packed 50 kgs each.Then two bales of maize hybrid seeds of diferent types that is duma 43 and dk 8031 total $50.Then the remaining $20 i will use to pay those who are working at my farm and buy a top dressing fertilizer.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 14, 2014
Repayment status
Late
Projected term
61 months
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