Entrepreneur
Name
John
Member since
February 2015
On-time repayments
54 installments • 52%
About Me
My name is John Martin Oloo Omolo, I am 35 years old I have worked as an Accountant for nine years now and I also have a passion for farming. For the last four years I have been practicing modern farming where I have been growing high value crops in our are, like tomatoes, onions, water melons and capsicum. For the four years I have been farming I had ups and downs due to the challenge of water source for my garden, during the rainy seasons I have been able to break even in terms of input and output and other times I got surpluses, but when the rainy season is over I have limited source of water which is inadequate to sustain my farming project. I need $ 1,000.00 so that I can buy a solar water pumping, install a rain harvesting dam and a 5,000 liter tank.
My Business
I need $ 1,000.00 I will use it for the following
1. Install a rain harvesting dam i.e by using dam liners, that cost $ 291.26
2. 5,000 liter tank for water storage and irrigation through drip pipes, this will cost $ 291.26.
This will ensure that my farm project runs effectively and get good yields. I currently have a solar water pump that will aid me in doing irrigation
Loan Proposal
Loan Proposal
I plan to purchase with the funds I get farming equipment's, install a rain water harvesting dam and a 5,000 Liters tank for water storage and use for drip irrigation. I would also want to have drip pipes in my farm to ensure my farm works efficiently and there is no wastage of water. Part of the loan will also use it for payment of wages and buying seed, pesticides and insecticides. Currently I have a solar water pump that will assist me in irrigation and this will reduce labour cost.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jan 26, 2020
Repayment status
Late
Projected term
8 weeks
Other loans
Lenders
San Jose, Costa Rica
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