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Have you ever failed flat in business?
Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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RichVee wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... It's very difficult to focus when there's pressure especially from the bank. I would advise her to find a way to clear that loan, then recollect herself so that she can be able to focus on her goal of farming. If she owns the land, that is already a big plus. If she has not done farming before, perhaps she should start small...lease out part of the land and farm on the other portion. Once she perfects her craft, then she can go big. In short, first step away from the pressure with the bank... Nowadays melon is a bad word.Like someone tells you: you are a melon or, is that a melon on your neck? Anyway, I experimented growing melons, the fruits just after emerging from the flowers were attacked by fruit flies and the leaves developed powdery mildew. This fruit needs some experience before going commercial.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Life is short. Live passionately.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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RichVee wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... It's very difficult to focus when there's pressure especially from the bank. I would advise her to find a way to clear that loan, then recollect herself so that she can be able to focus on her goal of farming. If she owns the land, that is already a big plus. If she has not done farming before, perhaps she should start small...lease out part of the land and farm on the other portion. Once she perfects her craft, then she can go big. In short, first step away from the pressure with the bank...  Consultant's advice If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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sparkly wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Option 1 failed.The bank said no to extention.That the terms are very clear on agri loans Option 2 is sounds good.Where can such a person be found.She is willing to discuss.The land is not hers but she has a 10 year lease and she develpoed the infrastructure.....water system for irrigation etc. Option 3 is inevitable as that is what will happen come 30th October and she has not paid up the loan.Unfotunately she will have no balance as the same is outstanding at 859K while her FD is 800k So if you know of any interested investor send me their contacts. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Bigchick wrote:sparkly wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Option 1 failed.The bank said no to extention.That the terms are very clear on agri loans Option 2 is sounds good.Where can such a person be found.She is willing to discuss.The land is not hers but she has a 10 year lease and she develpoed the infrastructure.....water system for irrigation etc. Option 3 is inevitable as that is what will happen come 30th October and she has not paid up the loan.Unfotunately she will have no balance as the same is outstanding at 859K while her FD is 800k So if you know of any interested investor send me their contacts. I have a friend who has always wanted to to invest in agriculture. Where is your friend's farm? Life is short. Live passionately.
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Rank: New-farer Joined: 8/6/2014 Posts: 11
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@Swenani.. If you have nothing positive to add to the situation..  Just shut it..
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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natema2000 wrote:@Swenani.. If you have nothing positive to add to the situation.. Just shut it.. Natema2000 out of curiosity, @swenani must have pissed you so off mpaka you decided to donate 6 comments you have ever done on wazua to him ...wewe kali
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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sparkly wrote:Bigchick wrote:sparkly wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Option 1 failed.The bank said no to extention.That the terms are very clear on agri loans Option 2 is sounds good.Where can such a person be found.She is willing to discuss.The land is not hers but she has a 10 year lease and she develpoed the infrastructure.....water system for irrigation etc. Option 3 is inevitable as that is what will happen come 30th October and she has not paid up the loan.Unfotunately she will have no balance as the same is outstanding at 859K while her FD is 800k So if you know of any interested investor send me their contacts. I have a friend who has always wanted to to invest in agriculture. Where is your friend's farm? Masinga dam environs. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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sparkly wrote:Bigchick wrote:sparkly wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Option 1 failed.The bank said no to extention.That the terms are very clear on agri loans Option 2 is sounds good.Where can such a person be found.She is willing to discuss.The land is not hers but she has a 10 year lease and she develpoed the infrastructure.....water system for irrigation etc. Option 3 is inevitable as that is what will happen come 30th October and she has not paid up the loan.Unfotunately she will have no balance as the same is outstanding at 859K while her FD is 800k So if you know of any interested investor send me their contacts. I have a friend who has always wanted to to invest in agriculture. Where is your friend's farm? Common denominator is 'Friend' Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Bigchick wrote:sparkly wrote:Bigchick wrote:sparkly wrote:Bigchick wrote:watesh wrote:Bigchick wrote:Looking for help/advice for a friend.
Her story.
She is came back from Europe and deposited 800k in the brown bank and borrowed against it and went in agriculture(growing melons)The agri loan was to be paid in one bullet payment upon sale of the melons.It did not work as planned.Melons she grew as planned and sales have been there but her costs seem high too.So the loan has not been paid and time is up.
She is now at ground zero.How can she pick up?
Her passion is agriculture and she has a 10 acre leased land. What are the components of the high costs? Once we know that we get to know if they are fixed costs or variable costs They are abit of both Fixed costs include Wages at the farm,Irrigation of the plants,Rent for her sales store and other maintainance costs of the crop. Variable ones include transport to clients,brokers fees to mention but afew. My key concern right now is that she is flat on the ground.No money to go on and the bank will liquidate her FD. The land is there but seeds and other inputs for the next crop hakuna.What next..... Deposited 800k and borrowed against ... Investing the 800k would have been a better idea to start with then borrow to grow. Nevertheless all is not lost. try: 1. Restructure/ extend loan repayment period. the loan. Interest will be lower than previous due to rate cap. 2. Get someone to inject equity investment, use proceeds to pay loan and for working capital. 3. If all fails, liquidate the FD, pay loan and put balance on the working capital. Option 1 failed.The bank said no to extention.That the terms are very clear on agri loans Option 2 is sounds good.Where can such a person be found.She is willing to discuss.The land is not hers but she has a 10 year lease and she develpoed the infrastructure.....water system for irrigation etc. Option 3 is inevitable as that is what will happen come 30th October and she has not paid up the loan.Unfotunately she will have no balance as the same is outstanding at 859K while her FD is 800k So if you know of any interested investor send me their contacts. I have a friend who has always wanted to to invest in agriculture. Where is your friend's farm? Masinga dam environs. Ask your friend to drop my friend a text on 0708733938 Life is short. Live passionately.
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