A new shaff cutter

Eric Nyuguto

Karatina, Kenya

100% repaid

Entrepreneur

Name

Eric Nyuguto

Member since

April 2017

On-time repayments

68 installments  •  87%

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 !

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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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  • Eric Nyuguto    Nov 23, 2022

    Am greaful to:
    Vatican,Charles and Ghaghalugh for funding my project.
    This will enable me add stock to my clothes business.God bless you big

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  • Eric Nyuguto    Nov 14, 2022

    Hello my financiers
    Am greatful for the fund you availed to me.it enabled me expand my clothes shop.i now sell clothes n shoes.
    It was a success and paid the loan before due date.be blessed

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  • Eric Nyuguto    Sep 24, 2022

    Am very greatful for funding my project:Charles karanja,Augustine Ofori,Zipporah Mwathani and Aliyudin.God bless you mighty.
    I will buy stock for my clothing business n add shoes to the business.

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  • Aliyuddin    Sep 22, 2022

    spirit

    Translated by Google     Show original

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  • Eric Nyuguto    Sep 21, 2022

    Hello Good n kind funders.
    Am greatful for funding my project.i have realized good profit and was able to repay the loan before due date.thank you and God bless you

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  • Eric Nyuguto    Aug 3, 2022

    I humbly thank my two gentlem;Charles Thitu and Calistus Yegon for funding my business project.
    I will increase stock in my clothes business.
    This will translate to more sales and higher profit

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  • Eric Nyuguto    Aug 1, 2022

    Hello esteemed members.
    I managed to add stock in my boutique business.it increased sales volume and this enabled me to repay the loan ahead of scheduled repayment period.

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  • Eric Nyuguto    Jun 27, 2022

    A big thank you to the esteemed members who funded my business.
    I will increase stock in my clothes venture.
    This will translate to increased sales volume that will generate higher income.
    GOD BLESS YOU

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  • Eric Nyuguto    Jun 11, 2019

    The loan really helped me.my business grew.I had a land ownership issue which I we went to a court of law,where I had to engage a lawyer.I won and now I have a title deed.all this was possible due to the money I got from you kind lenders.now am back on my feet and ready to expand.

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  • Lorna Kiyayi    Sep 7, 2018

    Dear lenders Eric is facing some financial circumstances in his business.
    He promises to continue repaying once he is stable again.

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  • Lorna Kiyayi    Jun 25, 2018

    Dear lenders please note that Eric's main reason for late repayments is due to financial circumstances in his business.
    He promises to continue repaying once he is stable again.
    Thank you

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  • Lorna Kiyayi    May 25, 2018

    Dear lenders.
    Erick is facing financial constraints in his business and this is the reason for his late repayments.
    He promises to continue repaying once his stable.

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  • Lorna Kiyayi    Apr 24, 2018

    Dear lenders,
    Erick's main reason for late repayments is financial constraints.
    He has promised to continue repaying once his business yields profits.
    Thank you!

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  • Eric Nyuguto    Apr 5, 2018

    Hello my Esteemed lenders.I received a loan of ksh18400.I have bought an egg incubator that I will be using to hatch about 200 chicks in a month.I will rear the chicks for 1 week and sell them.am hoping to be making a profit of around ksh 10000 in a month.
    Thank you for your support

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  • Eric Nyuguto    Mar 26, 2018

    Hello my esteemed lenders.
    I will buy an egg incubator.this will enable me hatch 200 eggs in 21 days n rear them for 1 week and sell them.I will be making around ksh 10,000 per month.
    Thank you a lot and God bless you.

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  • Eric Nyuguto    Mar 22, 2018

    Hello my esteemed lenders.am greatful for the loan.it enabled me buy a heifer.its doing well and within one and half years it will sire and I will be selling milk.be blessed

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  • Eric Nyuguto    Feb 5, 2018

    Hello my esteemed lenders.once again am very greatful for your assistant.I received $138.25.I haved used it to buy shaff cutter for my cows fodder.the work at the farm is now easy and consumes less time.cost of feeding cows has gone down and i expect profit to go up.may God bless you.

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  • Eric Nyuguto    Feb 2, 2018

    Hello good lenders.am very greatful for lending me this loan of $138.25.it will enable me buy a new shaff cutter.this will enable me reduce on cost of labour in feeding the cows.I will be saving $5 every week as I will be feeding the cows myself.with the machine,cost will go down and profit will go up.may God bless you mightly.

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  • Eric Nyuguto    Feb 2, 2018

    Hello good lenders.am very greatful for lending me this loan of $138.25.it will enable me buy a new shaff cutter.this will enable me reduce on cost of labour in feeding the cows.I will be saving $5 every week as I will be feeding the cows myself.with the machine,cost will go down and profit will go up.may God bless you mightly.

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  • Eric Nyuguto    Jan 17, 2018

    Thieves broke into my store on 15/12018,and stole my farm equipment:water pump and shaft cutter.this has forced me to employ casual workers to feed the cows and fetch water from the well increasing my daily running cost and reducing my gains.I have adjusted the monthly instalment downwards due to the setback

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