Seedlings, pesticides, and labor for onion farm
George
Nairobi, Kenya
100% repaid
Entrepreneur
Name
George
Member since
April 2017
On-time repayments
112 installments • 73%
About Me
I grew up in Kenya up country a small village called Winzyeei. I schoolled in village primary school then proceeded to nearby high school. I later on transferred to another high school where I completed in 2009. I later joined United States International University for my bachelors degree in International Business Administration.
When I was growing up, I had a challenge of procrastination which at some point in primary school I lost track and almost dropped out of school. This affected me both academically and on personal planning. I took more than a month trying to analyze the best way to overcome this until I started a personal diary. In my dairy I captured all day activities in advance and I started working on time management and avoiding distraction.
The idea of Onion farming was as a result of visiting a nearby groceries and the purchase cost was way too high with a kilo just about 1 USD. This on average implied that there was high demand than supply. I saw this as an opportunity to start something on the side and which also earn me extra income. I started with an acre as a trial phrase. I had a few challenges on management which i solved by hiring a permanent worker. The final produce was below average to the following factors. There was poor management in terms of labour allocation, post harvesting management, knowledge of the market, and labour related issues.
Where I come from land is held up by family or individually. This means land is not community based.
I want to establish an empire for my children and a generation to come after them. I believe onion Farming and farming in general will grow to great depth and also branch out to other revenue generating opportunities.
I love swimming. This is something I enjoy doing, it relieves stress and fatigue. Swimming also help strengthen my body through exercise and also makes me more active.
My Business
To provide onions which are used by almost all homes in the world. It's a product which has a demand globally. Onion farming are less labour demanding, require few man hour and, where I come from the temperature I favourable for this activity.
Previously my total cost was kes 30,000 and I got a revenue of kes 55,000. If done and managed well the revenue could tripple.
The last profits I used to pay for my school fee since am pursing ACCA certification. I have reinvested some amount on the project as am expanding the farm.
I also support primary school pupil with books and with cash rewards to motivate them on achieving higher grades.
Loan Proposal
I will put the money on three broad categories
1) Labour - This will be purely on the Casual workers working on the farm. This will cost about 210 dollars in total for 3 months
2) Seedling & Pesticides -I will need to purchase the seedlings and the pesticide which the total cost for an Acre is slightly above 130 dollars
3) Irrigation- This will be on the gasoline used to pump water to the farm.
The Loan won't be enough but i will mix it with my personal saving thus enabling me to achieve my first planting phase. I estimate to expand this after my first harvest. the cost per litre is 1 dollar.
Feedback
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Neutral
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Loan Info
Project Type
Classic Loan
Disbursed amount
$212.00
Date disbursed
Jun 16, 2017
Repayment status
On Time
Projected term
5 months
Lenders
Guildford, United Kingdom
Heber City, United States
CORVALLIS, United States
United States
United States
United States
Canada
Bonn, Germany
Norway
United States
Belgium
Bruno Sanchez-Andrade Nuño (brunosan)
United States
United Kingdom
Denmark
Netherlands
Phoenix, United States
Canada
United States
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Netherlands
Germany
United States
Summary
Amount repaid
$211.77
Amount remaining
$0.00
Date repaid
Sep 8, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 23, 2017 | $9.88 | Jun 22, 2017 | $9.88 |
| Jun 30, 2017 | $9.88 | Jun 29, 2017 | $9.88 |
| Jul 7, 2017 | $9.88 | Jul 12, 2017 | $9.88 |
| Jul 14, 2017 | $9.88 | Jul 12, 2017 | $9.88 |
| Jul 21, 2017 | $9.88 | Jul 22, 2017 | $9.88 |
| Jul 28, 2017 | $9.88 | Jul 26, 2017 | $9.88 |
| Aug 4, 2017 | $9.88 | Aug 2, 2017 | $9.88 |
| Aug 11, 2017 | $9.88 | Aug 2, 2017 | $9.88 |
| Aug 18, 2017 | $9.88 | Aug 13, 2017 | $9.88 |
| Aug 25, 2017 | $9.88 | Aug 24, 2017 | $9.88 |
| Sep 1, 2017 | $9.88 | Aug 31, 2017 | $9.88 |
| Sep 8, 2017 | $9.88 | Sep 6, 2017 | $9.88 |
| Sep 15, 2017 | $9.88 | Sep 6, 2017 | $9.88 |
| Sep 22, 2017 | $9.88 | Sep 6, 2017 | $9.88 |
| Sep 29, 2017 | $9.88 | Sep 6, 2017 | $9.88 |
| Oct 6, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Oct 13, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Oct 20, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Oct 27, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Nov 3, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Nov 10, 2017 | $9.88 | Sep 8, 2017 | $9.88 |
| Nov 17, 2017 | $4.33 | Sep 8, 2017 | $4.33 |
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