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Food Retail

Rice farming

John DoeJ
EntrepreneurGabrielLocationNairobi, Kenya
Project status
100%funded
$599raised
15%paid forward

My name is Gabriel Kariuki,i am a marketer by profession,I hold a masters degree in business administration (operations management option (UON) a bachelor degree in business management- marketing option (MKU) I describe myself as a honest,aggressive & an ambitious person,generally am an achiever.

I come from Kirinyaga county in central KENYA,My constituency Mwea is known for rice production,85% supply of rice in east Africa comes from this region.

I am currently in Rice farming and also i do buy rice for speculation to sell at a profit.

I chose Rice farming because currently the demand for Pishori rice is high than the supply .

My budget for leasing and farming one acre of Rice is ksh 170,000. That involves leasing, farm inputs , labor and harvesting . A good rice project, an acre produces 25 bags.

In a good season one bag of pishori Rice (100KG) sells for between ksh 9000-9500.

I usually use my profits to support my family needs and save little for my children education

I plan to use the funds to facilitate buying farm inputs for my rice farming .

I am looking at using a small portion of the funds to boost my rice buying and selling business.

Currently I am only able to buy & sell 5 bags weekly. My goal is to sell at 20bags weekly in six months to come.

Pishori rice demand has always been high than the supply, I plan to use digital marketing to sell the rice to customers across the country.

My vision is to own a rice Mill and nurture my own rice brand in the next five years.

I am requesting my lenders to support my business and help me actualize on my vision.