Starting an onion business

Entrepreneur

About Me

Hi Lenders,
Thank you for always supporting my journey. I’m a Zidisha beneficiary seeking an 8th loan. With this money I seek to support my recently started Social Media Management consultancy. Due to the pandemic, many people especially customers have resorted to going online and making their purchases there. The challenge is that most of the entrepreneurs are yet to move their businesses online and this is due to the gap in technological skills. I have done the market research and this is a business that has the possibility to grow and even offer people jobs in the long run.

My Business

This business is going to offer social media management to entrepreneurs who are not technologically savvy. So far all the proceeds from this have gone towards setting up the business. I have so far registered the business, bought a laptop and a modem.
With the loan I will take 2 courses on how to develop systems when running an online business. If it was more, I would purchase a professional camera. With the income I would be able to expand from operating virtually only.

Loan Proposal

I will use this money to purchase seedlings for my onion farming business.
Expenses
Seedlings: $20
Labor: $50
The rest I will I will use the rest for other logistics like Marketing & Transportation.

Returns:
1KG is retailing @ $1. 1/4 acre will produce 4,000 KG
4,000*$1= $4,000 over a period of 4 months

From this venture I will be able to employ 2 staff in the farm and one to go with me to the market. This will greatly improve the quality of life for these individuals and their families as well as for me.

Feedback

Loan Info

Lenders