Entrepreneur
Name
Rachel
Member since
January 2015
On-time repayments
307 installments • 77%
About Me
My full name is Rachel Wanjiru Njuguna. I am married with one son. I grew up on a farm with my 4 siblings. My dad is a farmer and he has been very kind in mentoring me and showing me how to go about farming. I have done potato farming for the last two years. I started with one acre and last year I did two acres.
I have a diploma in marketing management. Apart from farming, I work as an accounts clerk in a hotel.
I started potato farming with my savings. My dad encouraged me to think outside of the box and start farming.
In 2011, I gave birth to my son and I decided to be a stay at home mum until January 2014 so that my son could get the best care. It was not easy because my husband's income was not much. I started saving from the money he left me for daily use. I joined women's groups and this has really helped me to save and support my family.
From this experience, I have become very passionate about women's empowerment and I really encourage the women I interact with to save and work hard. I hope one day to have an organization that supports women.
My Business
I do potato farming. Potatoes are always in demand in Kenya. Apart from the french fries which are consumed daily in hotels, potatoes have many other uses. I chose potato farming because, having grown up in a farm, I have seen how farming can change peoples' lives. My dad was able to educate the 5 of us through farming. Farming also has good returns when done properly.
The typical costs in potato farming are: seeds, fertilizer, labour and pesticides. One spends like 35,000 in an acre and you get a profit of 30,000 to 40,000 within 3 months. I use the profit I get in educating my son, for reinvestment and for house expenses.
My plan is to be able to do more than 50 acres with time. I am requesting this loan because I believe I can start small and go very far.
Loan Proposal
Financial independence is very important for every woman. zidisha has provided a good platform for every man and woman to realise this dream by acquring a loan to help them in improving their lives. As a woman i intend to use the zidisha to better myself financially and expand my business.
This will also enable my provide the best education for my son so that he ca be a better person in this competitive world.
i will use my 3rd loan to acquire 3 more acres of land so that i can increase to 6 acres as i had planted 3 acres earlier.
LOAN BUDGET
3acres @80 dollars=240 dollars
About Me
my name are Rachel wanjiru. I am a farmer and a businesswoman. I am also employed as an accountant.
I am a single mum with one child who is now 8 years old. I separated from my husband 2 years ago and it has not been easy especially financially.
I work Soo hard to provide for my son so that he can have a good education and life in general.
This year has been particularly challenging because of the economic situation in Kenya and also the weather change
My Business
The last loan I got really helped me financially. The weather was not good the the crop production was not good.
I also started chicken farming in August and that helped a lot with my financial situation.
This year in January I opened a shoe shop and it has been doing very well.
I also have a monthly salary where I am employed as an accountant.
Loan Proposal
Financial independence is very important for every woman. zidisha has provided a good platform for every man and woman to realise this dream by acquring a loan to help them in improving their lives. As a woman i intend to use the zidisha to better myself financially and expand my business.
This will also enable my provide the best education for my son so that he ca be a better person in this competitive world.
i will use my 3rd loan to acquire 3 more acres of land so that i can increase to 6 acres as i had planted 3 acres earlier.
LOAN BUDGET
3acres @80 dollars=240 dollars
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$239.00
Date disbursed
Aug 28, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Taiwan
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Summary
Amount repaid
$249.75
Amount remaining
$0.00
Date repaid
Jan 5, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2015 | $10.00 | Sep 5, 2015 | $10.00 |
| Sep 13, 2015 | $10.00 | Sep 13, 2015 | $10.00 |
| Sep 20, 2015 | $10.00 | Sep 20, 2015 | $10.00 |
| Sep 27, 2015 | $10.00 | Sep 27, 2015 | $10.00 |
| Oct 4, 2015 | $10.00 | Oct 4, 2015 | $10.00 |
| Oct 11, 2015 | $10.00 | Oct 12, 2015 | $10.00 |
| Oct 18, 2015 | $10.00 | Oct 19, 2015 | $10.00 |
| Oct 25, 2015 | $10.00 | Oct 26, 2015 | $10.00 |
| Nov 1, 2015 | $10.00 | Nov 2, 2015 | $10.00 |
| Nov 8, 2015 | $10.00 | Nov 8, 2015 | $10.00 |
| Nov 15, 2015 | $10.00 | Nov 14, 2015 | $10.00 |
| Nov 22, 2015 | $10.00 | Nov 23, 2015 | $10.00 |
| Nov 29, 2015 | $10.00 | Nov 30, 2015 | $10.00 |
| Dec 6, 2015 | $20.00 | Dec 7, 2015 | $20.00 |
| Dec 13, 2015 | $20.00 | Dec 14, 2015 | $20.00 |
| Dec 20, 2015 | $20.00 | Dec 21, 2015 | $20.00 |
| Dec 27, 2015 | $20.00 | Dec 28, 2015 | $20.00 |
| Jan 3, 2016 | $39.75 | Jan 5, 2016 | $39.75 |
Katja Mar 29, 2017
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