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
I would like to request a loan to continue with my farming. This time, I am doing cabbage farming since there is a very good market for cabbages in Kenya.
With the money I get from this harvest, I will continue to invest in my businesses and, also, my family will have a better financial position.
Loan Budget:
Cabbage seeds-500 dollars
Pipes for drip irrigation-200 dollars
Labour-200 dollars
Fertilizer-300 dollars
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
I would like to request for a loan to continue with my farming. This time I am doing cabbage farming since there is a very good market for cabbages in Kenya.
With the money I get from this harvest I will continue to invest in my businesses and also my family will have a better financial position
Loan Budget
Cabbage seeds-500 dollars
Pipes for drip irrigation-200 dollars
Labour-200 dollars
Fertilizer-300dollars
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,221.00
Date disbursed
Apr 11, 2017
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Nanaimo, Canada
Carlisle, United Kingdom
Newport, United States
WOLLONGONG, Australia
Heber City, United States
Toronto, Canada
Shanghai, China
Tremonton, United States
Germany
san francisco, United States
United States
United States
Muenster, Germany
United States
United States
United States
Luxembourg
United Kingdom
Brisbane, Australia
Brazil
Switzerland
Switzerland
Sacramento, United States
Toronto, Canada
United States
Germany
United States
New York, United States
Belgium
Bruno Sanchez-Andrade Nuño (brunosan)
United States
United States
United States
San Francisco, United States
Rotterdam, Netherlands
United States
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Australia
United States, Canada
Germany
Ask Rachel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Katja Mar 29, 2017
Loading...