Farm expansion

Andrew

Yenga, Kenya

42% repaid

Entrepreneur

Name

Andrew

Member since

July 2015

On-time repayments

130 installments  •  10%

About Me

My names are Andrew Wamboye ,I am the third son to Mr James Wamboye and Selfa Wamboye. I have five siblings and I am married and blessed with two children. I studied in Umo Primary school were I did my KCPE and proceeded to Mundika Boys School for my secondary education , I passed well and joined Egerton University for acertificate in farm management.
I secured a job as a farm manager in a neighboring farm and though the pay was not good, I worked for a year since I was passionate about livestock. I learnt about chicken farming and dairy farming. With the little saving of about $20 I had made ,I decided to start mixed farming,I grew vegetables and kept poultry in my fathers farm. I reinvested my profits and the farm is quickly growing as well as giving me my daily bread.
my two sons are aged 5 and two. my elder son wants to be a farmer like me when he grows up.
I love rugby so much and play for a local team,we won trophies at the county level last year. I always watch rugby and soccer during my free time.

My Business

I am a small scale commercial ,mixed farm. I keep livestock and grow vegetables in my farm.I currently have 200 layers and 0.05Ha under assorted vegetables.
I sale eggs and vegetables to my clients who include shops,hotels,hospitals and schools around. I price my produce fail and maintain high standards of cleanness so as to retain my customers.
I choose agribusiness because it was less capital intensive and well paying as the profit margins were good.
my cost of production is $250 on average per month and my revenues range between $400-450 per month.
i spend my profits in reinvestment since my farm is still under equipped.i pay my children fees,support my siblings and parents.

Loan Proposal

I am looking forward to execute my strategic plan for the next two years and that will be expanding my assorted horticulture farm by 3 more acres. I wish to borrow $200 that I will use to expand my farm by 1/2 acre. I would use the many to clear and prepare the farm and buy seeds. The demand for the commodities has risen and the expansion plan will help fill the gap and increase my profits by 20%. thank you

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$191.00

Date disbursed

Sep 15, 2015

Repayment status

Late

Projected term

29 months

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Summary

Amount repaid

$83.60

Amount remaining

$115.99

Expected completion

Feb 18, 2018

Status

Repaying late

Installment amount

$1.00

Repayment History

Expected Payments Actual Payments
Sep 27, 2015 $38.00 Sep 24, 2015 $38.00
Oct 4, 2015 $38.00 Sep 24, 2015 $2.50
Oct 13, 2015 $35.50
Oct 11, 2015 $2.52 Oct 13, 2015 $2.52
Oct 18, 2015 $0.00
Oct 25, 2015 $1.00 Oct 30, 2015 $1.00
Nov 1, 2015 $1.00 Oct 30, 2015 $0.08
Nov 17, 2015 $0.92
Nov 8, 2015 $1.00 Nov 17, 2015 $1.00
Nov 15, 2015 $1.00 Nov 17, 2015 $1.00
Nov 22, 2015 $1.00 Nov 17, 2015 $1.00
Nov 29, 2015 $1.00 Nov 17, 2015 $0.08
Dec 6, 2015 $1.00
Dec 13, 2015 $1.00
Dec 20, 2015 $1.00
Dec 27, 2015 $1.00
Jan 3, 2016 $1.00
Jan 10, 2016 $1.00
Jan 17, 2016 $1.00
Jan 24, 2016 $1.00
Jan 31, 2016 $1.00
Feb 7, 2016 $1.00
Feb 14, 2016 $1.00
Feb 21, 2016 $1.00
Feb 28, 2016 $1.00
Mar 6, 2016 $1.00
Mar 13, 2016 $1.00
Mar 20, 2016 $1.00
Mar 27, 2016 $1.00
Apr 3, 2016 $1.00
Apr 10, 2016 $1.00
Apr 17, 2016 $1.00
Apr 24, 2016 $1.00
May 1, 2016 $1.00
May 8, 2016 $1.00
May 15, 2016 $1.00
May 22, 2016 $1.00
May 29, 2016 $1.00
Jun 5, 2016 $1.00
Jun 12, 2016 $1.00
Jun 19, 2016 $1.00
Jun 26, 2016 $1.00
Jul 3, 2016 $1.00
Jul 10, 2016 $1.00
Jul 17, 2016 $1.00
Jul 24, 2016 $1.00
Jul 31, 2016 $1.00
Aug 7, 2016 $1.00
Aug 14, 2016 $1.00
Aug 21, 2016 $1.00
Aug 28, 2016 $1.00
Sep 4, 2016 $1.00
Sep 11, 2016 $1.00
Sep 18, 2016 $1.00
Sep 25, 2016 $1.00
Oct 2, 2016 $1.00
Oct 9, 2016 $1.00
Oct 16, 2016 $1.00
Oct 23, 2016 $1.00
Oct 30, 2016 $1.00
Nov 6, 2016 $1.00
Nov 13, 2016 $1.00
Nov 20, 2016 $1.00
Nov 27, 2016 $1.00
Dec 4, 2016 $1.00
Dec 11, 2016 $1.00
Dec 18, 2016 $1.00
Dec 25, 2016 $1.00
Jan 1, 2017 $1.00
Jan 8, 2017 $1.00
Jan 15, 2017 $1.00
Jan 22, 2017 $1.00
Jan 29, 2017 $1.00
Feb 5, 2017 $1.00
Feb 12, 2017 $1.00
Feb 19, 2017 $1.00
Feb 26, 2017 $1.00
Mar 5, 2017 $1.00
Mar 12, 2017 $1.00
Mar 19, 2017 $1.00
Mar 26, 2017 $1.00
Apr 2, 2017 $1.00
Apr 9, 2017 $1.00
Apr 16, 2017 $1.00
Apr 23, 2017 $1.00
Apr 30, 2017 $1.00
May 7, 2017 $1.00
May 14, 2017 $1.00
May 21, 2017 $1.00
May 28, 2017 $1.00
Jun 4, 2017 $1.00
Jun 11, 2017 $1.00
Jun 18, 2017 $1.00
Jun 25, 2017 $1.00
Jul 2, 2017 $1.00
Jul 9, 2017 $1.00
Jul 16, 2017 $1.00
Jul 23, 2017 $1.00
Jul 30, 2017 $1.00
Aug 6, 2017 $1.00
Aug 13, 2017 $1.00
Aug 20, 2017 $1.00
Aug 27, 2017 $1.00
Sep 3, 2017 $1.00
Sep 10, 2017 $1.00
Sep 17, 2017 $1.00
Sep 24, 2017 $1.00
Oct 1, 2017 $1.00
Oct 8, 2017 $1.00
Oct 15, 2017 $1.00
Oct 22, 2017 $1.00
Oct 29, 2017 $1.00
Nov 5, 2017 $1.00
Nov 12, 2017 $1.00
Nov 19, 2017 $1.00
Nov 26, 2017 $1.00
Dec 3, 2017 $1.00
Dec 10, 2017 $1.00
Dec 17, 2017 $1.00
Dec 24, 2017 $1.00
Dec 31, 2017 $1.00
Jan 7, 2018 $1.00
Jan 14, 2018 $1.00
Jan 21, 2018 $1.00
Jan 28, 2018 $1.00
Feb 4, 2018 $1.00
Feb 11, 2018 $1.00
Feb 18, 2018 $0.07

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