Expand my farm

Dorothy Mbaka

Meru, Kenya

100% repaid

Entrepreneur

Name

Dorothy Mbaka

Member since

March 2019

On-time repayments

51 installments  •  55%

About Me

Hello I'm a business woman, I started on a local grocery 30years ago and it helps me pay school fee for my five kids. I also Daily farming where I have a dairy cow, 2 goat and several chicken. More to that I have my land where I cultivate on my own. I also have a tea farm where I sell a get money every end month.

My Business

I get money from selling vegetables some from home and others bought in wholesale then I sell in retail. I also sell milk from my cow every morning and evening which is approximately 10 litres per day. 1l = 28ks currently I have a nursery seed bed which has over 15000 seedlings ready to be transplanted in 8days from now.

Loan Proposal

Helloo I want to use this loan to buy more feeds for my livestock. I will also add some chicks to increase my investment. I have decided this time round to focus on layers so that I can increase the egg collection per day

Income Source

Being a supplier of farm products I have been affected by this pandemic . I'm still supplying them from home like the bananas where buyers come direct at home and milk. This has actually reduced the value of the products but all in all I still make a profit which I will use to repay the loan.

Feedback

1

None

None

  • Sabrina    Aug 1, 2020

    Thanks a lot for repaying the loan even before it was due! Good luck with all your projects.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.80

Date disbursed

May 11, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.08

Credit risk payment: $2.51

Lenders

dlpringle

Denver, United States

Ren

Minneapolis/StPaul, United States

M

Margaret

United States

Lee

Washington, DC, United States

Kevin Kong

San Francisco, CA, United States

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