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
I will use the loan to lease land for farming. I will also be able to buy fertilizer and pesticides in preparation for the farming season.
The money I get will enable me to invest more and be able to give my son a better life.
The profits I get will be used to pay toward owning my own home and also towards my sons education.
I would also like to save in order to afford a holiday or weekend away with my family.
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
I will use the loan to lease land for farming. I will also be able to buy fertilizer and pesticides in preparation for the farming season.
The money I get will enable me to invest more and be able to give my son a better life.
The profits I get will be used to pay toward owning my own home and also towards my sons education.
I would also like to save in order to afford a holiday or weekend away with my family.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$826.00
Date disbursed
Oct 25, 2016
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United Kingdom
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Summary
Amount repaid
$826.08
Amount remaining
$0.00
Date repaid
Mar 27, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 6, 2016 | $35.29 | Nov 11, 2016 | $35.29 |
| Nov 13, 2016 | $35.29 | Nov 16, 2016 | $35.29 |
| Nov 20, 2016 | $35.29 | Nov 24, 2016 | $35.29 |
| Nov 27, 2016 | $35.29 | Dec 2, 2016 | $35.29 |
| Dec 4, 2016 | $35.29 | Dec 12, 2016 | $35.29 |
| Dec 11, 2016 | $35.29 | Dec 16, 2016 | $35.29 |
| Dec 18, 2016 | $35.29 | Dec 21, 2016 | $35.29 |
| Dec 25, 2016 | $35.29 | Dec 27, 2016 | $35.29 |
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $40.33 | Jan 3, 2017 | $40.33 |
| Jan 15, 2017 | $40.33 | Jan 14, 2017 | $40.33 |
| Jan 22, 2017 | $40.33 | Jan 18, 2017 | $40.33 |
| Jan 29, 2017 | $40.33 | Feb 3, 2017 | $40.33 |
| Feb 5, 2017 | $40.33 | Feb 9, 2017 | $40.33 |
| Feb 12, 2017 | $40.33 | Feb 17, 2017 | $40.33 |
| Feb 19, 2017 | $40.33 | Feb 24, 2017 | $40.33 |
| Feb 26, 2017 | $40.33 | Mar 4, 2017 | $40.33 |
| Mar 5, 2017 | $40.33 | Mar 9, 2017 | $40.33 |
| Mar 12, 2017 | $40.33 | Mar 16, 2017 | $40.33 |
| Mar 19, 2017 | $40.33 | Mar 22, 2017 | $40.33 |
| Mar 26, 2017 | $40.33 | Mar 23, 2017 | $40.33 |
| Apr 2, 2017 | $59.76 | Mar 27, 2017 | $59.76 |
Katja Mar 29, 2017
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