Zidisha |

Loice

Nakuru, Kenya

52% repaid

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How it Works

Entrepreneur

Name

Loice

Member since

February 2012

On-time repayments

21 installments • 29%

About Me

My name is Loice Wangui Muswenje. I am window with six children who are all grown up and I have grandchildren.
I come form Karunga Centre just as you come from Nakuru on the Nakuru/Nyahururu road you reach a centre called Maili Saba you branch on your right, you take a rough road go past St. John Secondary School then to Karunga Centre. From karunga you go to a place called Kahuho next to St. Francis Primary School ask for Muswenje’s home.

My Business

I do farming as business where I grow crop for sale and I also keep dairy cows. From crops I get about 500000 per year and from dairy cows I get about 450per day so 13500per month which 162000 annually so the total annual income is about 700000 per year. I use the amount to pay my bills and also to pay for the salaries of those who work for me. So I create employments for some people around the area. I also help my grand children who are now in school.

Loan Proposal

first of all I would like to to thank you zidisha team for the first loan it helped me very much in my project and it also gave me a good profit which enabled me to return the loan without any problem. this time i will still want to upgrade my farming business buy upgraded seed and fertilizer for the harvest season which is around the corner which is due to start on the month of march i hope the second loan will also help me to get a good profit . thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$586.00

Date disbursed

Feb 7, 2013

Repayment status

Late

Projected term

12 months

Other loans

Feb 2012: $300

Lenders

Elinor

Maple Lake, MN, United States

chkuo

Taipei, Taiwan

YB Song

Seoul, Republic of Korea

Rdcmole

Cincinnati, United States

Munich, Germany

Singapore, Singapore

Stockholm, Sweden

caldogno, Italy

Trinidad, California, United States

Jouni

Finland

Spidey3

Stamford, United States

Blake

Rockford, United States

NicolaG

Mantova, Italy

MttMNW

Königsbronn, Germany

creightonr

Buffalo, United States

Ken1949

Merrillville, United States

eirccharrie

Cupertino, United States

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Elinor Sep 16, 2013

I am glad to see you are almost caught up on your repayments. How are your cows doing?

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Elinor Nov 28, 2012

I hope you get a good price for your corn! Were you able to build a new barn for your cows?

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Loice Nov 13, 2012

Dear Lenders,
I would like to please request a grace period of two months until December 23rd. This is when the harvest season will be ending and I will be able to sell the maize that I have grown this year. The Christmas season is very busy and I will have a lot of business.

Thank you for your consideration.

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dcembrola Sep 26, 2012

September 25, 2012

Hello, my name is Dan Cembrola, one of Zidisha’s Kenya Client Relationship Managers. I am currently visiting Zidisha borrowers in Nakuru and its outskirts.

Loice Muswenje operates one third of a six acre farm in Kahuho. The other two thirds are managed by her son and daughter. It is an incredibly organized affair. The farm is located within short walking distance of a river that provides clean water to much of the surrounding village. In addition to this, Loice and her family have also dug a borehole on her property, the water from which they are able to use this to irrigate their fields of maize, beans, and tomatoes.

In addition to these crops, Loice also has five cows, a smattering of goats and sheep, and, to her best estimate, about 100 chickens which roam the property by day before returning to their coop by night. Loice, not satisfied with the 100 chickens she currently has, plans to use part of her loan to expand this empire. Additionally, she aims to build a permanent structure to serve as a shelter for her cows.

October is a busy month in Kahuho. Loice will be hiring a small handful of local laborers to harvest the maize as it matures next month. Maize is the crop that returns the highest profit margin in this area. Loice typically sells her harvest in the local market of a neighboring town and also to wholesalers who travel from as far as Nairobi to stock up on maize to be sold in the city.

Loice hopes her next Zidisha loan will see her expand her farm, complete the structure for her cows, and, in all likelihood, add a few more chickens.

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- Spidey3 Dec 2, 2013
  
  How incredible - you must feel incredibly rewarded by the work that you do. I am rooting for Loice.... I hope the year ends well.
  
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Elinor Feb 21, 2012

I wish you good luck Loice! I also have dairy cows here in the United States How many dairy cows do you have? .

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