A new shaff cutter

Eric Nyuguto

Karatina, Kenya

100% repaid

Entrepreneur

Name

Eric Nyuguto

Member since

April 2017

On-time repayments

61 installments  •  85%

About Me

Am a gentleman aged 42yrs.am a graduate.my childhood was difficult as my parents divorced when I was 5yrs.I struggled throughout my education life but hard determination has enabled me to make ends meet,marry,raise a family and am educating my 2, sons.the going has not been easy but hard work pays.last month we welcomed our 3rd born.he is a girl.we are soo happy n have doubled our effort in order to cater for th family needs

My Business

I am a farmer:main crop is bananas,I rear daily cows and chickens for milk and eggs for sale.I sell milk and eggs in Karatina town,bananas are collected at the farm my traders.the farming has enabled me meet my daily needs plus educate my 2 sons.I make ksh25000 to sh30,000 a month.am looking for ways to expand my farming business in order to increase profit.I have decided to start banana ripening at the farm in order to diversify and maximise profit.

Loan Proposal

am requesting for this loan to enable me buy a new shaff cutter.my shaff cutter I was using was stolen 3 weeks ago.anew one costs $200.once I get the loan I will top up with my savings and buy the equipment.this will save me about $5 per week on labour as I will not employ a person to cut fodder manually,instead I will be doing it myself using the machine.my profit will increase by around $5 per week due to reduced labour cost.I will also be able to tend to my bananas and other chores in the farm as feeding the cows will take less time and will also not strain alot.

Feedback

1

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  • Jane    Jul 14, 2017

    Great job Eric! Fully repaid and early !

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.40

Date disbursed

Feb 4, 2018

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $6.04

Lenders

Paul Buchheit

Mountain View, United States

JonasL

Stockholm, Sweden

jennysommer85

United States

JA

Jared Anthony

CT, United States

MR

Michiel Rauws

San Francisco, Netherlands

Der Dooley

Dublin, Ireland

BS

Brandon S

United States

C

Carlene

United States

TO

Thomas O'Neil

United States

D

David

United States

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

DM

Darin MacRae

United States

rob baird

Darwin Australia, Australia

J

Jorrit

Eindhoven, Netherlands

R

Richard

United Kingdom

RE

Robin EJ Spelbrink

Westerbroek, Netherlands

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