Modern farming

John

Mwingi, Kenya

22% repaid

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.

Feedback

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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

Lenders

ElWal

Kirn, Germany

Dan Brinkman

Lynden, WA, United States

Chris

Zurich, Switzerland

MA

Mauricio Arguedas

San Jose, Costa Rica

S

SALE

United Kingdom

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Summary

Amount repaid

$21.68

Amount remaining

$76.86

Expected completion

Mar 22, 2020

Status

Repaying late

Installment amount

$12.81

Repayment History

Expected Payments Actual Payments
Feb 2, 2020 $16.43 Feb 16, 2020 $16.43
Feb 9, 2020 $0.33 Feb 16, 2020 $0.33
Feb 16, 2020 $12.81 Aug 9, 2023 $4.93
Feb 23, 2020 $12.81
Mar 1, 2020 $16.43
Mar 8, 2020 $16.43
Mar 15, 2020 $16.43
Mar 22, 2020 $6.89

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