KENYA - $5,450
Mushroom Farming
Project Director - Maurice Onzere Ala

Ten youth from Friends International Centre will begin this project. 50 youth will be trained in mushroom production, processing and marketing. Initially, 10 will borrow $360 each. The loan term will be 12 months with a grace period of three months and nine monthly installment payments at 3% per month interest. Each member is expected to deposit $3.00 per month into a group savings account. The market price for mushrooms is $5.75 per Kg ($2.60 per pound). 160 Kg of seeds will be planted quarterly.

INCOME PER PLANTING: $4,600

EXPENSE PER PLANTING: $1,750

NET PROFIT PER PLANTING: $2,850

MONTHLY INCOME PER PERSON: $95

Project Completed: December 31, 2008