Thomas
Ruaka Ridge Apartments, Kiambu County, Kenya
100% repaid
Name
Thomas
Member since
May 2018
On-time repayments
125 installments • 64%
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!
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.
I plan to utilize the funds from this loan to facilitate labour expenses to till the potato seed as well and purchase herbicide for application against potato wilt disease.
I also plan to utilize the funds from the loan to purchase herbicide for eradicating weed on the carrot seed terraces to leave the carrot grow weed-free.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$56.00
Date disbursed
Jan 8, 2019
Repayment status
On Time
Projected term
6 weeks
Other loans
Amount repaid
$56.30
Amount remaining
$0.00
Date repaid
Jan 15, 2019
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jan 18, 2019 | $9.39 | Jan 15, 2019 | $9.39 |
Jan 25, 2019 | $9.39 | Jan 15, 2019 | $9.39 |
Feb 1, 2019 | $9.39 | Jan 15, 2019 | $9.39 |
Feb 8, 2019 | $9.39 | Jan 15, 2019 | $9.39 |
Feb 15, 2019 | $9.39 | Jan 15, 2019 | $9.39 |
Feb 22, 2019 | $9.34 | Jan 15, 2019 | $9.34 |
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