Farming, and expansion of business selling shoes

Rachel Njuguna

Nakuru, Kenya

18% 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

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.

Feedback

4

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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

$3,708.07

Date disbursed

Jun 4, 2019

Repayment status

Late

Projected term

27 months

Cost to entrepreneur

Service fee: $156.24

Credit risk payment: $624.98

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

LJ

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

Ask Rachel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$673.23

Amount remaining

$3,034.83

Expected completion

Aug 22, 2021

Status

Repaying late

Installment amount

$11.12

Repayment History

Expected Payments Actual Payments
Jun 16, 2019 $116.28 Jun 19, 2019 $116.28
Jun 16, 2019 $0.00
Jun 23, 2019 $9.85 Jun 24, 2019 $9.85
Jun 30, 2019 $9.85 Jul 28, 2019 $9.85
Jul 7, 2019 $9.85 Jul 28, 2019 $9.85
Jul 14, 2019 $9.85 Jul 28, 2019 $9.85
Jul 21, 2019 $9.85 Jul 28, 2019 $9.85
Jul 28, 2019 $9.85 Jul 28, 2019 $9.85
Aug 4, 2019 $0.00
Aug 11, 2019 $0.00
Aug 18, 2019 $0.00
Aug 25, 2019 $49.27 Aug 25, 2019 $49.27
Sep 1, 2019 $0.00
Sep 8, 2019 $0.00
Sep 15, 2019 $0.00
Sep 22, 2019 $0.00
Sep 29, 2019 $0.00
Oct 6, 2019 $19.71 Oct 2, 2019 $19.71
Oct 13, 2019 $19.71 Oct 12, 2019 $19.71
Oct 20, 2019 $19.71 Oct 21, 2019 $19.71
Oct 27, 2019 $19.71 Oct 30, 2019 $19.71
Nov 3, 2019 $19.71 Nov 2, 2019 $19.71
Nov 10, 2019 $29.56 Nov 12, 2019 $29.56
Nov 17, 2019 $29.56 Nov 28, 2019 $29.56
Nov 24, 2019 $29.56 Dec 5, 2019 $29.56
Dec 1, 2019 $29.56 Dec 12, 2019 $29.56
Dec 8, 2019 $29.56 Dec 14, 2019 $29.56
Dec 15, 2019 $0.00
Dec 22, 2019 $0.00
Dec 29, 2019 $29.56 Jan 1, 2020 $29.56
Jan 5, 2020 $0.00
Jan 12, 2020 $0.00
Jan 19, 2020 $9.85 Jan 31, 2020 $9.85
Jan 26, 2020 $9.85 Jan 31, 2020 $9.85
Feb 2, 2020 $9.85 Feb 9, 2020 $9.85
Feb 9, 2020 $9.85 Feb 9, 2020 $9.85
Feb 16, 2020 $9.85 Feb 25, 2020 $9.85
Feb 23, 2020 $9.85 Feb 25, 2020 $9.85
Mar 1, 2020 $9.85 Mar 13, 2020 $9.85
Mar 8, 2020 $9.85 Mar 13, 2020 $9.85
Mar 15, 2020 $9.85 Mar 24, 2020 $9.85
Mar 22, 2020 $9.85 Mar 24, 2020 $9.85
Mar 29, 2020 $9.85 Apr 4, 2020 $9.85
Apr 5, 2020 $1.97 Apr 16, 2020 $1.97
Apr 12, 2020 $1.97 Apr 16, 2020 $0.99
Apr 27, 2020 $0.99
Apr 19, 2020 $1.97 Apr 27, 2020 $1.97
Apr 26, 2020 $1.97 Apr 27, 2020 $1.97
May 3, 2020 $1.97 May 5, 2020 $1.97
May 10, 2020 $0.00
May 17, 2020 $0.00
May 24, 2020 $2.97 May 18, 2020 $2.97
May 31, 2020 $2.97 May 18, 2020 $2.97
Jun 7, 2020 $2.97 Jun 16, 2020 $2.97
Jun 14, 2020 $2.97 Jun 16, 2020 $0.48
Jun 23, 2020 $2.48
Jun 21, 2020 $2.97 Jun 23, 2020 $0.97
Jul 12, 2020 $2.00
Jun 28, 2020 $4.90 Jul 12, 2020 $4.90
Jul 5, 2020 $0.00
Jul 12, 2020 $0.00
Jul 19, 2020 $0.00
Jul 26, 2020 $0.00
Aug 2, 2020 $1.98 Aug 4, 2020 $1.98
Aug 9, 2020 $1.98 Aug 28, 2020 $1.98
Aug 16, 2020 $1.96 Aug 28, 2020 $1.96
Aug 23, 2020 $0.00
Aug 30, 2020 $0.00
Sep 6, 2020 $0.00
Sep 13, 2020 $4.94 Sep 22, 2020 $4.94
Sep 20, 2020 $4.94 Oct 1, 2020 $4.94
Sep 27, 2020 $4.94 Oct 8, 2020 $4.94
Oct 4, 2020 $0.00
Oct 11, 2020 $0.00
Oct 18, 2020 $1.00 Oct 20, 2020 $1.00
Oct 25, 2020 $1.00 Oct 31, 2020 $1.00
Nov 1, 2020 $1.00 Oct 31, 2020 $1.00
Nov 8, 2020 $1.00 Nov 8, 2020 $1.00
Nov 15, 2020 $1.00 Nov 17, 2020 $1.00
Nov 22, 2020 $0.00
Nov 29, 2020 $1.00 Dec 1, 2020 $1.00
Dec 6, 2020 $1.00 Dec 1, 2020 $1.00
Dec 13, 2020 $1.00 Dec 15, 2020 $1.00
Dec 20, 2020 $1.00 Dec 15, 2020 $1.00
Dec 27, 2020 $1.00 Dec 29, 2020 $0.99
Jan 5, 2021 $0.01
Jan 3, 2021 $1.00 Jan 5, 2021 $1.00
Jan 10, 2021 $1.00 Jan 12, 2021 $0.99
Jan 28, 2021 $0.01
Jan 17, 2021 $1.98 Jan 28, 2021 $1.98
Jan 24, 2021 $0.00
Jan 31, 2021 $0.00
Feb 7, 2021 $0.00
Feb 14, 2021 $0.00
Feb 21, 2021 $0.00
Feb 28, 2021 $11.12
Mar 7, 2021 $11.12
Mar 14, 2021 $11.12
Mar 21, 2021 $11.12
Mar 28, 2021 $11.12
Apr 4, 2021 $142.62
Apr 11, 2021 $142.62
Apr 18, 2021 $142.62
Apr 25, 2021 $142.62
May 2, 2021 $142.62
May 9, 2021 $142.62
May 16, 2021 $142.62
May 23, 2021 $142.62
May 30, 2021 $142.62
Jun 6, 2021 $142.62
Jun 13, 2021 $142.62
Jun 20, 2021 $142.62
Jun 27, 2021 $142.62
Jul 4, 2021 $142.62
Jul 11, 2021 $142.62
Jul 18, 2021 $142.62
Jul 25, 2021 $142.62
Aug 1, 2021 $142.62
Aug 8, 2021 $142.62
Aug 15, 2021 $142.62
Aug 22, 2021 $126.84

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