Entrepreneur
Name
Joel
Member since
June 2014
On-time repayments
200 installments • 88%
About Me
I`m Joel Kandie,yet to marry.I come from a family of 7 children.I`m horticulturalist by profession having pursued a barchelors degree course in horticulture. Currently I`m employed with Hangzhou Agrochemical Industries East Africa LTD. I want to expand my part time investment which I started by constructing a greenhouse in my area then later started an agrovet shop for selling farm inputs and agrochemicals. I like working with charitable organizations in my community. I also like reading inspirational books like ``Understanding your potential by the late Dr. Myles Munroe`` that help uplift my motivational norm. I would like to be an employer in the future and help create employment opportunities to both graduates and non graduates.
Currently part time business builder.
My Business
It is now more than two years since I started my Agrovet shop where I sell various agricultural farm Inputs and equipment and I am glad that it is running well.I have increased the quantity of the products I sell because of huge demand as more youths have ventured to farming thus embracing agribusiness.
Due to the fact that many youth have embraced farming I am seeking funding to buy a more stock to meet with high demand for farm inputs.By providing steady supply of Farm inputs to farmers, I will have created confidence with them enabling me have an advantage over my competitors.My vision is to empower many jobless youth to embrace farming hence eradicating poverty.
.I project the net profit to rise by approximately 20% after the stock increase which I will reinvest in growing the business.
Kindly support futuristic dream.
Loan Proposal
Since the long term rains have already started in my region, I am humbly requesting for funds to boost my business.Planting season in my region is the most crucial time for my business because I will need more of Farm inputs such as herbicides, fertilizers and seeds for resale to local farmers.
In order to meet the farmers demand, I will need need at least $1500 to increase my stock.Since I already have $700 as my savings, I will combine with the loan granted to buy the stock I have already budgeted. My current stock now is $5500 meaning that the all stock will increase to about $7000.I have budgeted $700 to buy certified hybrid seeds,$400 for fertilizers and another $400 to purchase herbicides.
I expect expenses to increase slightly because I will need to employ one more staff to help the two who are already in the shop.Other expenses such as rent,electricity and fuel will remain constant.I also expect profit will rise to $1500 per month because of the increased stock.Once I meet with the farmers demand I expect to attract more customers who do practice serous farming in large scale therefore increasing the profit which I will budget to pay my loan.
Thank you as you plan to finance my business and May God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,177.00
Date disbursed
May 24, 2019
Repayment status
Late
Projected term
16 months
Other loans
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