Loan to purchase maize seeds and fertilizer

Entrepreneur

About Me

I grew up in Munyali village,and attended Siritanyi primary school where i did my O level exams.My parents were farmers and could hardly afford to feed seven of us, four girls and 3 boys. We sold maize from the farm for a living while my mother tilled peoples farms in order to earn an income to be able to clothe us.
Through this hardship we managed to study and i passed my primary school education and went to Chesamisi high school where i struggled to pay my own fees by selling groundnuts to other students. The management was kind enough to understand and would allow me to work in return for some deductions to my schoolfees.
I managed to graduate and still by selling groundnuts i raised enough money to gain entry into college through friends and bursaries contributions.I attended Nairobi university and attained a Diploma in Human Resource management.

My Business

I am a practicing farmer and keep poultry. For 14 years i have bought chicks at 1$ per chick and sold each at 4$ depending on seasons and market prices.I also buy maize,bean and cabbage seedlings which i transplant into my one acre farm and after harvest i sell close to 6 bags of maize and 4 bags of beans each at about 12$.
I use these proceeds to pay fees for my two childrens primary education and my wifes college fees.I also help my parents to educate my younger siblings some of whom are still in high school.

Loan Proposal

The rainy season has arrived so maize and fertilizer seeds are in great demand so i will buy hybrid seeds at 4$ per bag and sell each seed bag to farmers at 6$ per bag.I will also purchase fertilizer at 1.50$ and resell the same at 2 $.
I will also use the proceeds to till and plant my own one acre farm with maize.
This wil also help me have food to feed my family after the maize has sprouted and i have harvested it.I will also sell some of the maize bags to the local cereals and produce board, a government parastatal that buys maize from farmers to stock it for times of emergencies such as drought.I expect to make an average of 10$ in profit per week from selling the seeds and fertilizer.

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