Purchase of planting seeds and fertilizer

Faith Wangechi

Baricho, Kenya

100% repaid

Entrepreneur

Name

Faith Wangechi

Member since

June 2015

On-time repayments

241 installments  •  12%

About Me

My name is Faith Wangechi Muriithi. I am a mother of 4. All of my adult life, I have been working to make sure my children have the best in life.
Despite all the difficulties along the way, my husband and I managed to take them all through University through business and employment. Currently, we are running a small animal feeds shop in our home.

My Business

After retirement, we opened a small animal feeds shop in our home town. Baricho town is in rural Kenya, Kirinyaga County where most of the people get their daily income from farming. An animal feeds shop, therefore, came in handy for the local population.

Supa Stores Agrovet is open 12 hours during weekdays and Saturdays and during the afternoon on Sundays. We like to be available to our clients when they need us. During the duration we have been open, there have been a few challenges some of them being, clients have specific types of feeds they like to feed their livestock. Sometimes, the exact brand needed is not available immediately. We would like to curb these challenge by stocking our shop so that our clients have whatever they need at the convenient time for them.

Loan Proposal

With my last loan, I managed to purchase poultry and cattle feeds for my Agrovet Shop. Stocking at large quantities has the advantage that clients get the products they want whenever they want them.

Now that people have harvested their crops, the dried up plants have been converted into animal feeds for the livestock. Purchase of animal feeds will therefore not be in large quantities.

However, People are going to be busy preparing their farms for next season before the rains come again. They will therefore need a variety of products including manure, treated seeds, and fertilizers and other farm implements like jembes and pangas.

Since there are still farming implements like pangas and jembes from last season's left over stock, I would like to purchase seeds and fertlizer instead so I can repackage them and sell them at pocket friendly prices to the other farmers around Baricho, my home town.

Fertilizers like Mkulima Bora, DAP, CAN and NPK are packaged in 50 kg bags each costing between 23 to 30 dollars. The fertilizers used mostly by farmers around Baricho are CAN, UREA and DAP. CAN goes for 23 dollars, UREA goes for 19 dollars per 50 kg bag while DAP goes for30 dollars per 50 kg bag.

I would like to purchase a bag and a half of each of the above fertilizers i.e.
CAN 75 kgs which would cost me approximately 35 dollars
UREA 75 kgs which would cost me approximately 29 dollars; and
DAP 75 kgs which would cost me approximately 45 dollars.
These amount to approximately 109 dollars i.e. KES 11000.

Most farmers prefer to buy treated and packaged maize seeds to bean seeds. I would therefore prefer stocking up on maize to beans. A 90 kg bag of treated maize seeds goes for approximately 6000 Kenyan shillings at whole sale price. Retail price for such a bag would be approximately 80 Kenyan shillings per kg totaling to approximately 7200 Kenyan shillings. I would like to buy one 90 kg bag at approximately 58 dollars. the retail price would be pocket friendly for the small scale farmers around Baricho.

The maize and fertilizer would cost me approximately 167 (109 + 58) dollars i.e 17500 Kenyan shillings.

I would also like to purchase preservatives for the planting seeds which keeps weevils and rats away. To treat the products i would need approximately 10 dollars worth of pesticide bringing my total cost to 177 dollars.

Since most farmers buy their products in small quantities, I will then repackage my products into 1 kg bags each to make them more affordable to customers. the population around Baricho heavily relies on farming for their sustainability. i would therefore like to appeal to my lenders to fund my loan so I can play my part in sustaining Kirinyaga County.

I would really appreciate this opportunity. If granted the loan, I will do my best to complete my payment on time like with the previous loan. looking forward to a positive response. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$194.00

Date disbursed

Oct 6, 2015

Repayment status

On Time

Projected term

4 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

juliemartha

Lake Mary, United States

kt

Brush Prairie, United States

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  • Felix    Jan 11, 2018

    Hello lenders just talked to Faith she is fine and request for some time to resume payments. thank you.

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  • Felix    Oct 5, 2017

    hello lenders Faith has been sick but promised to resume very soon. thanks.

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  • Felix    Jun 29, 2017

    Hello I reached Faith She will make payments by weekend. Thanks.

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  • Faith Wangechi    May 1, 2017

    My business is not really doing that well. But I promise to do the best I can with a smaller amount

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  • Felix    May 1, 2017

    Hi leaders Faith has financial challenges I have advised her to reduce her installment to keep on time until business improve. Thanks.

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  • Felix    Feb 14, 2017

    Hi l talked to Faith and she will be making some payment before the end. of this week.

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  • Felix    Jan 7, 2017

    Hello lenders I talked to Faith she has some challenges but she will make some payments next week.

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  • Felix    Dec 1, 2016

    Hello lenders! After another discussion with Faith she promised to make additional payment by Sunday! Thanks.

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  • Felix    Nov 30, 2016

    Hello lenders! I have just talked to Faith she promised to make some payment today!

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  • Felix    Nov 1, 2016

    Hello lenders just talked to Faith she is fine and has promised to resume payments by Friday. Thank you.

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  • Felix    Sep 19, 2016

    hello lenders, I was able to reach Faith she is well now; she had financial difficulties but she promised to ressume payments soonest possible. Thank you.

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  • Faith Wangechi    Feb 22, 2016

    Hi lenders,
    I am glad to inform you that I received my loan. With this loan, I am going to improve my M-PESA shop by adding float and cash. I am also going to buy chicken feeds.
    Thank you for believing in me. I promise to maintain on-time payments.

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  • Faith Wangechi    Feb 14, 2016

    Thank you lenders for funding my loan. With this loan I will add float to my M_pesa shop. I will also be able to buy chicken feeds. This loan will increase my earnings significantly and I promise to maintain on-time payments.
    Thank you once again
    Happy Valentines everybody.

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  • Faith Wangechi    Feb 8, 2016

    I would like to thank my lenders for believing in me and funding my last loan.
    With the last loan, I purchased fertilizers.
    Zidisha has really helped my business because with the increased stock, clients are assured that they will always find what they are looking for at the shop and at prices that they can easily afford. The profits from the sales have come a long way in helping us improve our lives. We can our bills more comfortably now and it helps us rebuild our lives.
    Unfortunately, during the period of my loan repayment, something unfortunate happened. I lost my husband of 35 years and it was a very sad period for me and my family. However, we were also blessed with two beautiful granddaughters during the same period. My son also completed his postgraduate studies and graduated.
    Again, I thank my lenders and I promise to show the same commitment in repaying my next loan.
    Have a wonderful 2016.

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  • Felix    Nov 26, 2015

    Hello lenders, Faith has some financial issue but she has stablized and will update her payments any time. Thank you.

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  • Faith Wangechi    Oct 7, 2015

    Good Morning!
    I am glad to inform you that my loan has been disbursed. I will now be able to purchase planting seeds, fertilizers and pesticides to help prepare for the coming season.
    Thank you for the help and support. I promise to keep the same commitment in repaying this loan as with the previous loan.

    Thank you.
    Have a great day.

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  • Faith Wangechi    Oct 3, 2015

    Thank you lenders for funding my loan. I will now be able to purchase planting seeds and fertilizers for my agrovet shop. I really appreciate the help.

    Thank you once again.

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  • kt    Oct 2, 2015

    This opportunity to help is a privilege. Let's hope we get there.

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  • Faith Wangechi    Sep 21, 2015

    I would like to thank my lenders once again for funding my loan. I would like to notify them that I have successfully paid my loan in full and I appreciate the support very much.

    Once again I thank you all.

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