Potato farming
Thomas
Ruaka Ridge Apartments, Kiambu County, Kenya
100% repaid
Entrepreneur
Name
Thomas
Member since
May 2018
On-time repayments
125 installments • 64%
About Me
My name is Thomas Githinji Mugo. I hail from Gichugu Constituency, Kirinyaga County. My childhood was a mix of urban and rural life, the latter commencing at 6 years of age when my family relocated from Nairobi to Kiangechu Village, Njuku Sublocation on the slopes of Mt. Kenya. Life at the rural setting started off rough in comparison with city life that I was born into. That meant transitioning from a home with electricity and a colour TV to one with a Lantern Lamp with no access to TV at all! It also meant waking up to attend to farm chores, for example, feeding the cows and chicken before proceeding to either weed the maize plot or harvest tea or coffee. In retrospect, this seemingly gloomy transition also nurtured a passion for farming into me. Today I practice agribusiness out of the acquired passion for farming!
My Business
I am an employee of a State Corporation in the oil and gas subsector. Besides, I practice agribusiness, majorly potato and horticultural farming. I also have a keen interest in forex trading which earns me residual income from my initial investment.
I purchased two 50 by 100 plots at Ngecha, Kiambu County, where I plant horticultural crops. Moreover,. I have leased a one acre plot at Njabini, South Kinangop, Nyandarua County where I plant potato due to the favourable weather conditions for the crop as well as access to quality accredited potato seed.
The yields from horticultural crop are harvested monthly while the yields from the potato farm are harvested on a quarterly basis. Income from the forex returns is accessible on a monthly basis.
Loan Proposal
I intend to use the loan funds to facilitate purchase of fertilizer and herbicides as well as cater for labour expenses for farmhand at the potato plot.
I also intend to purchase organic manure to enhance the potential production of the potato plot.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$24.00
Date disbursed
Nov 30, 2018
Repayment status
On Time
Projected term
1 week
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