Buying fertilizers

David

Embu, Kenya

4% repaid

Entrepreneur

Name

David

Member since

July 2018

On-time repayments

62 installments  •  3%

About Me

Am David Muchangi KITHINJI born in 01/02/1983 at kithare village,iriari sub location,kyeni north ward,runyenjes division in embu county.I attended kithare primary school and attained a kcpe certificate in the year 1999.I joined kiangungi secondary school and in 2003 I got my kcse certificate of c+. After secondary school my parents had no money for me to persue further education and so I decided to move to naiorobi where I stayed for 8 years and was able to save and raise two hundred thousand shillings working at bar and restaurant, gerdner ,watchman and thus later this was able to persue my diploma in education at KAGUMO teachers training college in2015.

My Business

As I was persuing my course also my parents gave me a portion of shamba three quarter of an acre with one thousand two hundred (1200)stems of tea bushes which has boosts and have been able to buy more land with tea bushes around my area.My tea bushes are able to raise over eight thousand shillings (8000) per month and with an average bonus rate of fifty shillings (50) am able to get over two hundred and fifty thousand shillings (250000).I use this money to develop my premises and also for my family.

Loan Proposal

Having been supplied with nitrogenous phosphates potassium I want to buy another different type of fertilizer so that I may mix for better yields. The other type of fertilizer I want to buy is calcium ammonium nitrate which will cost about 102$ per kilograms. It through rain forest alliance education that where I got this idea of mixing the npk fertilizer and can fertilizer in order to get more yields and thus more profit. By getting more yields I will be able earn more than what am earning from my tea bushes and therefore improving living standards of my workers through better pay.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Aug 15, 2018

Repayment status

Late

Projected term

14 months

Lenders

Mike and Jacqui

United Kingdom

A

Andrei

United States

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