Entrepreneur
Name
Rachel
Member since
October 2016
On-time repayments
120 installments • 32%
About Me
My names are Rachel Mumbi. Am a single mother of three children 7 years, 5 years and 3 years respectively. I started mushroom farming when I left my marriage in end of 2014. It was a challenge for me with four mouths to feed and without support.
I have had ruthless people who wanted to bring my business down after partnering up with them, but glory to God am a fighter. I got up and still in the fight, my kids are my inspiration to hold on and work harder.
All I want is someone to have a little faith in me and trust that I can do it. My future plans years down the line is to one day have a company where I will be an exporter to supply different kinds of mushrooms all over the world.
My Business
I first learned of mushroom farming from a program on the Television. Then I was working as a graphic designer and my pay was too little. So I went for my training and later on did my market research where I learned about my buyers way before I started farming.
That really helped knowing I would be able to meet my daily orders and since its a very perishable food item I would have no trouble selling them off. I left my job in 2015 and started my farming.
I believe mushroom farming is an empire of wealth waiting to be well tapped. I can not regret venturing in mushroom farming because I can afford the necessities for my children. I only need a little help to move to the next level, buy equipment and tanks, fence the space I have rented out and buy more stock.
Loan Proposal
I plan to fence the piece of land I farm for more privacy $250, make a colonizing house to keep my bags in, the concrete house I use is too cold yet lot of warmth is needed in this stage $200. Make a big drum for steaming my hay at least 25-30 bales at a go, that would be of so much help $150. the rest of the money I will buy materials (hay, seeds, wheat bran and labour).
Financial stability in a family is very important, in that my children and the people I hire can have a comfortable life, (food, shelter, clothing and education).
My profit margin in the first month will be 50% increase and gradually increase in due time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,007.00
Date disbursed
Oct 31, 2016
Repayment status
On Time
Projected term
19 months
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