100%

funded

Total loan: $300

Simion

Kenyenya, Kisii County, Kenya / Agriculture

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A loan helped to purchase farm inputs such as hybrid seeds and rich-nutrient fertilizers to diversify his production and improve profits to meet the basic needs of his family.


Simion's story

Simion, pictured above, is a hardworking 40-year-old Kenyan man whose home is on a small farm in Kenyenya. He gets a lot of help and support running the business from his wife and their children.

In Kenya, agriculture is one of the most competitive industries, especially due to the high costs of operations necessary to improve farming. Such costs include the cost of land acquisition and inputs, which have continually increased.

In order to meet the high costs of inputs, farmers have been forced to borrow from financial institutions which sometimes impose very complicated procedures in loan distribution. Some farmers end up hopeless and despondent with lack of courage to invest in agriculture.

In a move to expand his farm, Simion is seeking a KES 30,000 loan to purchase farm inputs, such as hybrid seeds and rich-nutrient fertilizers. Expansion of the farm will mean diversifying his production, thus he will be able to grow many varieties of crops.

Increased output in his farm will lead to greater profits and Simion will be able to meet the basic needs of his family. He is an enterprising man who wishes to establish a bigger agribusiness farm in future.