Farming, and expansion of business selling shoes

Rachel Njuguna

Nakuru, Kenya

18% repaid

Entrepreneur

Name

Rachel Njuguna

Location

Nakuru, Kenya

On-time repayments

298 weekly installments  •  76%

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 will use the money to buy more chicks and chicken feed.
I will use the money to also get more stock for my shoe shop. The shoe fashion changed often and I want to be able to stock my shop with the latest fashion. am also planning on getting a second shop.
This will help me increase my income and I can also be able to invest in assets.
Am expecting a 50% increase in my weekly profits. This will enable me meet my financial obligations with much ease.

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

I will use the money to buy more chicks and chicken feed.
I will use the money to also get more stock for my shoe shop. The shoe fashion changed often and I want to be able to stock my shop with the latest fashion. am also planning on getting a second shop.
This will help me increase my income and I can also be able to invest in assets.
Am expecting a 50% increase in my weekly profits. This will enable me meet my financial obligations with much ease.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$3,708.07

Date disbursed

Jun 4, 2019

Repayment status

Late

Projected term

27 months

Cost to entrepreneur

Service fee: 5% of $3,708.07 = $166.69

Credit risk payment: $666.78

Lenders

S

stroll

Stockholm, Sweden

PeteMx

Los Angeles CA,, United States

H

hilde

seattle, United States

U

USDescartes

Columbus, OH, United States

L

leniwiec

Poznan, Poland

calvero

Bergen, Norway

ProfWriter

Boone, United States

JonasL

Stockholm, Sweden

T

TZ

Singapore, Singapore

Laurie

United States

Jeremy

Washington State, United States, United States

H

Harry

Florida, United States

Joe Lamantia

Reston, Virginia, United States

BS

Brandon S

United States

J

Jo

United States

David

Mantua, Ohio Usa, United States

C P

Mazatlan, Mexico

Tom Eggert

Madison, United States

S

Sally

Australia

TO

Thomas O'Neil

United States

IC

Ian Coutts

Chicago, USA, United States

D

Dalton

San Francisco, United States

NH

Nancy Hull

United States

Hans Moor

Vorden, Netherlands

R

Robert

Netherlands

Heather

Taree, NSW, Australia

MS

Merel S

Netherlands

G

grahamk

United States

D

David

United States

Lurch

United States

Rowan

Australia, Australia

CA

Carles Alcolea

Barcelona, Spain

Paul Buchheit

Mountain View, United States

Gretchen Reibold

Port Royal Sound, United States

Bruno

Vancouver, Canada, Canada

JT

Joanne Thompson

United Kingdom

M

Mark

United States

Michael Bauschke

Dresden, Germany

Chris

Fairfax County Virginia, United States

Jeff Tyler

Poquoson, United States

E

EJOBIV

United States

MW

Matt Wade

Switzerland

Paul T Moore

Jacksonville, Fl, United States

G

Greg

Sydney, Australia

J

Jorrit

Eindhoven, Netherlands

GR

Germano Rizzo

Venice, Italy, Italy

R

Richard

United Kingdom

Amon Munyaneza

Kigali Rwanda, United States

SW

Sean Walsh

United States

Norway

Brian Thomson

Lyndoch, South Australia, Australia

DO

Denis Ontiveros

Guildford, United Kingdom

Andrew

Devon, United Kingdom

G

Gabi

Turkey

Dieter Meeuwis

Deurne (Antwerpen), Belgium

T

Tom

United States

SM

Shawn Murphy

United States

J

Jan

Switzerland

RE

Robin EJ Spelbrink

Westerbroek, Netherlands

KA

Kimmy and Chad

Los Angeles, United States

AE

Asher Enciso

United States

Mark Wilco

Columbus, OH, United States

EA

Eric Ayers

Atlanta, United States

KA

Kate and Tom

United States

Michael Winter

Hessisch Oldendorf OT Rumbeck, Germany

PV

Plukgeluk VZW

Antwerp, Belgium

Eike Christian Lorenzen

Flensburg, Germany

J

Jakub

United States

Angela Chu

Toronto, Canada

JM

Janina M

United Kingdom

P

PS

United States

J

John

Minneapolis, United States

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