Motorcycle for transporting farm inputs to farmers
Joel
Njoro Town, Kenya
100% repaid
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
My Agrovet business grew significantly since it started over a year ago thanks to your generous funding of the last loan.I invested the loan in buying more farm inputs that is fertilizers,agrochemicals etc. and farm tools and equipment.
Due to the fact many farms are located in remote areas where road infrastructure is bad I am seeking funding to buy a motorcycle to transport agricultural farm inputs and equipment to farmers.It will cost me approximately $1100 to buy the motorcycle.Therefore with the $1014 loan I am requesting together with my personal savings I will own a motorcycle.
A motorcycle will help me reach many farmers unlike my competitors hence selling more products thus increasing profit.To farmers I would have saved them long distances of tracking in search of farm inputs.Conducting farmers training,farm visits and farmers workshops will be reliable and convenient thus benefiting farmers.
I expect a net profit increase of approximately 15% because I will have an advantage over my competitors as I will be able to meet many farmers. With the profit together with my monthly salary of $300 I will be able to repay the loan.I am confident that the profit will also cater for the motorcycle's fuel and maintenance cost.
I will appreciate for your funding.Thank you in Advance and may God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,022.00
Date disbursed
Sep 30, 2016
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
San Francisco, Netherlands
United States
Austria
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Summary
Amount repaid
$1,021.99
Amount remaining
$0.00
Date repaid
May 18, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 11, 2016 | $38.32 | Oct 11, 2016 | $38.32 |
| Oct 18, 2016 | $38.32 | Oct 21, 2016 | $38.32 |
| Oct 25, 2016 | $38.32 | Oct 29, 2016 | $38.32 |
| Nov 1, 2016 | $38.32 | Nov 2, 2016 | $38.32 |
| Nov 8, 2016 | $38.32 | Nov 8, 2016 | $38.32 |
| Nov 15, 2016 | $38.32 | Nov 21, 2016 | $38.32 |
| Nov 22, 2016 | $38.32 | Nov 25, 2016 | $38.32 |
| Nov 29, 2016 | $38.32 | Nov 30, 2016 | $38.32 |
| Dec 6, 2016 | $38.32 | Dec 8, 2016 | $38.32 |
| Dec 13, 2016 | $38.32 | Dec 13, 2016 | $38.32 |
| Dec 20, 2016 | $38.32 | Dec 22, 2016 | $38.32 |
| Dec 27, 2016 | $38.32 | Dec 28, 2016 | $38.32 |
| Jan 3, 2017 | $38.32 | Jan 2, 2017 | $38.32 |
| Jan 10, 2017 | $38.32 | Jan 10, 2017 | $38.32 |
| Jan 17, 2017 | $38.32 | Jan 17, 2017 | $38.32 |
| Jan 24, 2017 | $38.32 | Jan 24, 2017 | $38.32 |
| Jan 31, 2017 | $25.21 | Jan 31, 2017 | $25.21 |
| Feb 7, 2017 | $25.21 | Feb 8, 2017 | $25.21 |
| Feb 14, 2017 | $25.21 | Feb 14, 2017 | $25.21 |
| Feb 21, 2017 | $25.21 | Feb 25, 2017 | $25.21 |
| Feb 28, 2017 | $25.21 | Feb 28, 2017 | $25.21 |
| Mar 7, 2017 | $25.21 | Mar 8, 2017 | $25.21 |
| Mar 14, 2017 | $25.21 | Mar 16, 2017 | $25.21 |
| Mar 21, 2017 | $25.21 | Mar 21, 2017 | $25.21 |
| Mar 28, 2017 | $25.21 | Apr 1, 2017 | $25.21 |
| Apr 4, 2017 | $25.21 | Apr 6, 2017 | $25.21 |
| Apr 11, 2017 | $25.21 | Apr 14, 2017 | $25.21 |
| Apr 18, 2017 | $25.21 | Apr 19, 2017 | $25.21 |
| Apr 25, 2017 | $25.21 | Apr 28, 2017 | $25.21 |
| May 2, 2017 | $25.21 | May 5, 2017 | $25.21 |
| May 9, 2017 | $25.21 | May 12, 2017 | $25.21 |
| May 16, 2017 | $30.82 | May 18, 2017 | $30.82 |
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