Acquire more land for potato farming

Rachel Njuguna

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Rachel Njuguna

Member since

January 2015

On-time repayments

307 installments  •  77%

About Me

My full name is Rachel Wanjiru Njuguna. I am married with one son. I grew up on a farm with my 4 siblings. My dad is a farmer and he has been very kind in mentoring me and showing me how to go about farming. I have done potato farming for the last two years. I started with one acre and last year I did two acres.
I have a diploma in marketing management. Apart from farming, I work as an accounts clerk in a hotel.
I started potato farming with my savings. My dad encouraged me to think outside of the box and start farming.
In 2011, I gave birth to my son and I decided to be a stay at home mum until January 2014 so that my son could get the best care. It was not easy because my husband's income was not much. I started saving from the money he left me for daily use. I joined women's groups and this has really helped me to save and support my family.
From this experience, I have become very passionate about women's empowerment and I really encourage the women I interact with to save and work hard. I hope one day to have an organization that supports women.

My Business

I do potato farming. Potatoes are always in demand in Kenya. Apart from the french fries which are consumed daily in hotels, potatoes have many other uses. I chose potato farming because, having grown up in a farm, I have seen how farming can change peoples' lives. My dad was able to educate the 5 of us through farming. Farming also has good returns when done properly.
The typical costs in potato farming are: seeds, fertilizer, labour and pesticides. One spends like 35,000 in an acre and you get a profit of 30,000 to 40,000 within 3 months. I use the profit I get in educating my son, for reinvestment and for house expenses.
My plan is to be able to do more than 50 acres with time. I am requesting this loan because I believe I can start small and go very far.

Loan Proposal

Financial independence is very important for every woman. zidisha has provided a good platform for every man and woman to realise this dream by acquring a loan to help them in improving their lives. As a woman i intend to use the zidisha to better myself financially and expand my business.
This will also enable my provide the best education for my son so that he ca be a better person in this competitive world.
i will use my 3rd loan to acquire 3 more acres of land so that i can increase to 6 acres as i had planted 3 acres earlier.

LOAN BUDGET
3acres @80 dollars=240 dollars

Show original English  

About Me

my name are Rachel wanjiru. I am a farmer and a businesswoman. I am also employed as an accountant.
I am a single mum with one child who is now 8 years old. I separated from my husband 2 years ago and it has not been easy especially financially.
I work Soo hard to provide for my son so that he can have a good education and life in general.
This year has been particularly challenging because of the economic situation in Kenya and also the weather change

My Business

The last loan I got really helped me financially. The weather was not good the the crop production was not good.
I also started chicken farming in August and that helped a lot with my financial situation.
This year in January I opened a shoe shop and it has been doing very well.
I also have a monthly salary where I am employed as an accountant.

Loan Proposal

Financial independence is very important for every woman. zidisha has provided a good platform for every man and woman to realise this dream by acquring a loan to help them in improving their lives. As a woman i intend to use the zidisha to better myself financially and expand my business.
This will also enable my provide the best education for my son so that he ca be a better person in this competitive world.
i will use my 3rd loan to acquire 3 more acres of land so that i can increase to 6 acres as i had planted 3 acres earlier.

LOAN BUDGET
3acres @80 dollars=240 dollars

Feedback

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  • Katja    Mar 29, 2017

    Thank you for repaying that fast and Wish you all The best!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$237.86

Date disbursed

Aug 28, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $9.87

Lenders

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

Richard Griebe

La Jolla, United States

mepster

San Francisco, Ca, United States

wissam

Jeddah, Saudi Arabia

Shawn Stice

Kansas City, Missouri, Central Region, United States

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