A loan to increase my potato farming acreage

Entrepreneur

About Me

My name is Naserian Mapelu. I have been blogging for close to 8 years now. Until One and a Half years ago, i have been doing it on my own, using my laptop and modem at home. My earnings come entirely from my online business mostly about article writing, data entry and transcription services. Last year in August i decided to empower stay-at-home moms and the youths by introducing them to online jobs. So far i have managed to train over 60 stay-at-home moms, most of whom have already started earning lots and lots of money, and becoming self-empowered.... Thus my source of income also comes from the regular trainings that i hold... my hobbies, i love writting, a lot, i love watching movies and i love helping the less fortunate in the society.... I am a mother to the most beautiful baby in the world... yes, am yet to find anything as cute as my butu :)

My Business

One of my other side hustles for the past one and a half years has been farming. I do farm potatoes back in the village in Narok County for commercial purposes. I currently have 7 acres of potatoes which are due harvesting in two weeks time. An acre of potatoes will cost me about $60 to lease out for a year, the seedlings to plant will cost me around $150 and labor plus tractor will cost me around $200. The good thing with potatoes is they take only 3 months in the farm, so when all else remains constant i.e. whether etc, i will have three planting seasons in a year. On average, an acre of potato will produce 50-70 bags, on the lowest side 50 bags and on the highest side sometimes up to 110 bags. A bag goes for between $30-$50 depending on the prevailing market price as well as the demand and supply of the same.

Loan Proposal

One of my other side hustles for the past one and a half years has been farming. I do farm potatoes back in the village in Narok County for commercial purposes. I currently have 7 acres of potatoes which are due harvesting in two weeks time. An acre of potatoes will cost me about $60 to lease out for a year, the seedlings to plant will cost me around $150 and labor plus tractor will cost me around $200. The good thing with potatoes is they take only 3 months in the farm, so when all else remains constant i.e. whether etc, i will have three planting seasons in a year. On average, an acre of potato will produce 50-70 bags, on the lowest side 50 bags and on the highest side sometimes up to 110 bags. A bag goes for between $30-$50 depending on the prevailing market price as well as the demand and supply of the same. On the lowest side, i can get at least $1500 from an acre for three months, which is around $4500 in a year if all factors remains constant. Now with the loan that I am applying, i would want to increase my acreage to 10, that means 3 more acres once i harvest the existing ones in the next week or so. Since i already have plenty of seedlings from my existing acres, it will cost me much less and i will be able to channel the money i will get from zidisha into an extra acre, so in total i will have 10 acres. Thank you Zidisha!

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