A loan to increase my potato farming acreage
Naserian
Nairobi, Kenya
21% repaid
Entrepreneur
Name
Naserian
Member since
May 2014
On-time repayments
155 installments • 49%
About Me
My name is Naserian Mapelu. I have been blogging for close to 8 years now. Until One and a Half years ago, i have been doing it on my own, using my laptop and modem at home. My earnings come entirely from my online business mostly about article writing, data entry and transcription services. Last year in August i decided to empower stay-at-home moms and the youths by introducing them to online jobs. So far i have managed to train over 60 stay-at-home moms, most of whom have already started earning lots and lots of money, and becoming self-empowered.... Thus my source of income also comes from the regular trainings that i hold... my hobbies, i love writting, a lot, i love watching movies and i love helping the less fortunate in the society.... I am a mother to the most beautiful baby in the world... yes, am yet to find anything as cute as my butu :)
My Business
One of my other side hustles for the past one and a half years has been farming. I do farm potatoes back in the village in Narok County for commercial purposes. I currently have 7 acres of potatoes which are due harvesting in two weeks time. An acre of potatoes will cost me about $60 to lease out for a year, the seedlings to plant will cost me around $150 and labor plus tractor will cost me around $200. The good thing with potatoes is they take only 3 months in the farm, so when all else remains constant i.e. whether etc, i will have three planting seasons in a year. On average, an acre of potato will produce 50-70 bags, on the lowest side 50 bags and on the highest side sometimes up to 110 bags. A bag goes for between $30-$50 depending on the prevailing market price as well as the demand and supply of the same.
Loan Proposal
One of my other side hustles for the past one and a half years has been farming. I do farm potatoes back in the village in Narok County for commercial purposes. I currently have 7 acres of potatoes which are due harvesting in two weeks time. An acre of potatoes will cost me about $60 to lease out for a year, the seedlings to plant will cost me around $150 and labor plus tractor will cost me around $200. The good thing with potatoes is they take only 3 months in the farm, so when all else remains constant i.e. whether etc, i will have three planting seasons in a year. On average, an acre of potato will produce 50-70 bags, on the lowest side 50 bags and on the highest side sometimes up to 110 bags. A bag goes for between $30-$50 depending on the prevailing market price as well as the demand and supply of the same. On the lowest side, i can get at least $1500 from an acre for three months, which is around $4500 in a year if all factors remains constant. Now with the loan that I am applying, i would want to increase my acreage to 10, that means 3 more acres once i harvest the existing ones in the next week or so. Since i already have plenty of seedlings from my existing acres, it will cost me much less and i will be able to channel the money i will get from zidisha into an extra acre, so in total i will have 10 acres. Thank you Zidisha!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$898.00
Date disbursed
Dec 8, 2015
Repayment status
Late
Projected term
22 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$200.00
Amount remaining
$743.92
Expected completion
Oct 22, 2017
Status
Repaying late
Installment amount
$10.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 20, 2015 | $10.00 | Jan 5, 2016 | $10.00 |
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $10.00 | Jan 9, 2016 | $10.00 |
| Jan 17, 2016 | $10.00 | Jan 25, 2016 | $10.00 |
| Jan 24, 2016 | $10.00 | Jan 25, 2016 | $10.00 |
| Jan 31, 2016 | $10.00 | Feb 6, 2016 | $10.00 |
| Feb 7, 2016 | $10.00 | Feb 7, 2016 | $10.00 |
| Feb 14, 2016 | $10.00 | Feb 12, 2016 | $10.00 |
| Feb 21, 2016 | $10.00 | Feb 21, 2016 | $10.00 |
| Feb 28, 2016 | $10.00 | Feb 21, 2016 | $10.00 |
| Mar 6, 2016 | $10.00 | Feb 21, 2016 | $10.00 |
| Mar 13, 2016 | $10.00 | Mar 16, 2016 | $10.00 |
| Mar 20, 2016 | $10.00 | Apr 2, 2016 | $10.00 |
| Mar 27, 2016 | $10.00 | Apr 2, 2016 | $10.00 |
| Apr 3, 2016 | $10.00 | Apr 2, 2016 | $10.00 |
| Apr 10, 2016 | $10.00 | Apr 2, 2016 | $10.00 |
| Apr 17, 2016 | $10.00 | Apr 20, 2016 | $10.00 |
| Apr 24, 2016 | $10.00 | Apr 20, 2016 | $10.00 |
| May 1, 2016 | $10.00 | May 6, 2016 | $10.00 |
| May 8, 2016 | $10.00 | May 8, 2016 | $10.00 |
| May 15, 2016 | $10.00 | May 18, 2016 | $10.00 |
| May 22, 2016 | $10.00 | ||
| May 29, 2016 | $10.00 | ||
| Jun 5, 2016 | $10.00 | ||
| Jun 12, 2016 | $10.00 | ||
| Jun 19, 2016 | $10.00 | ||
| Jun 26, 2016 | $10.00 | ||
| Jul 3, 2016 | $10.00 | ||
| Jul 10, 2016 | $10.00 | ||
| Jul 17, 2016 | $10.00 | ||
| Jul 24, 2016 | $10.00 | ||
| Jul 31, 2016 | $10.00 | ||
| Aug 7, 2016 | $10.00 | ||
| Aug 14, 2016 | $10.00 | ||
| Aug 21, 2016 | $10.00 | ||
| Aug 28, 2016 | $10.00 | ||
| Sep 4, 2016 | $10.00 | ||
| Sep 11, 2016 | $10.00 | ||
| Sep 18, 2016 | $10.00 | ||
| Sep 25, 2016 | $10.00 | ||
| Oct 2, 2016 | $10.00 | ||
| Oct 9, 2016 | $10.00 | ||
| Oct 16, 2016 | $10.00 | ||
| Oct 23, 2016 | $10.00 | ||
| Oct 30, 2016 | $10.00 | ||
| Nov 6, 2016 | $10.00 | ||
| Nov 13, 2016 | $10.00 | ||
| Nov 20, 2016 | $10.00 | ||
| Nov 27, 2016 | $10.00 | ||
| Dec 4, 2016 | $10.00 | ||
| Dec 11, 2016 | $10.00 | ||
| Dec 18, 2016 | $10.00 | ||
| Dec 25, 2016 | $10.00 | ||
| Jan 1, 2017 | $10.00 | ||
| Jan 8, 2017 | $10.00 | ||
| Jan 15, 2017 | $10.00 | ||
| Jan 22, 2017 | $10.00 | ||
| Jan 29, 2017 | $10.00 | ||
| Feb 5, 2017 | $10.00 | ||
| Feb 12, 2017 | $10.00 | ||
| Feb 19, 2017 | $10.00 | ||
| Feb 26, 2017 | $10.00 | ||
| Mar 5, 2017 | $10.00 | ||
| Mar 12, 2017 | $10.00 | ||
| Mar 19, 2017 | $10.00 | ||
| Mar 26, 2017 | $10.00 | ||
| Apr 2, 2017 | $10.00 | ||
| Apr 9, 2017 | $10.00 | ||
| Apr 16, 2017 | $10.00 | ||
| Apr 23, 2017 | $10.00 | ||
| Apr 30, 2017 | $10.00 | ||
| May 7, 2017 | $10.00 | ||
| May 14, 2017 | $10.00 | ||
| May 21, 2017 | $10.00 | ||
| May 28, 2017 | $10.00 | ||
| Jun 4, 2017 | $10.00 | ||
| Jun 11, 2017 | $10.00 | ||
| Jun 18, 2017 | $10.00 | ||
| Jun 25, 2017 | $10.00 | ||
| Jul 2, 2017 | $10.00 | ||
| Jul 9, 2017 | $10.00 | ||
| Jul 16, 2017 | $10.00 | ||
| Jul 23, 2017 | $10.00 | ||
| Jul 30, 2017 | $10.00 | ||
| Aug 6, 2017 | $10.00 | ||
| Aug 13, 2017 | $10.00 | ||
| Aug 20, 2017 | $10.00 | ||
| Aug 27, 2017 | $10.00 | ||
| Sep 3, 2017 | $10.00 | ||
| Sep 10, 2017 | $10.00 | ||
| Sep 17, 2017 | $10.00 | ||
| Sep 24, 2017 | $10.00 | ||
| Oct 1, 2017 | $10.00 | ||
| Oct 8, 2017 | $10.00 | ||
| Oct 15, 2017 | $10.00 | ||
| Oct 22, 2017 | $3.92 | ||
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