Buying hay to sell & for livestock to consume

Shadrack Ngeno

Rongai, Kenya

67% repaid

Entrepreneur

Name

Shadrack Ngeno

Member since

September 2013

On-time repayments

349 installments  •  68%

About Me

MY STORY
My name is Shadrack, reside in Rongai, Nakuru. I am married with two children. Currently I am employed as a civil servant in Nakuru County.
Despite being employed, I noticed that I could not meet all my rising needs thus I decided to engage in Dairy farming and more so though difficult I bought 2 plots. My main target is to start building rental rooms and I have started by buying materials i.e. stones worth US 1,041 from my savings. God willing I intend to start this work before the end of this year, of which after completing I am sure to reap good money.

My Business

As indicated in my story, I engage in dairy farming which earns me some income which caters for some needs and bills e.g water and electricity. I also do some farming for my home consumption.
My anticipated rental rooms which are on a prime area i.e. Nakuru-Eldoret high way will give me enough income to cater for my children’s' school fees and to expand this business by buying other plots for the same.
To rent one room costs Ksh. US.23 x 10 rooms = 230 per month for 1 plot. Therefore If I finish the two plots building it will earn me US. 463 per month. Of course this is good money even to repay my loan and have extras.
The challenge to this project is now the money to buy cement and for the mason.
Before I finish these rooms I will use my salary to repay my loan.

Loan Proposal

As stated earlier, I will replant my hay grass on my 5 acres of land after the drought hit my country since late last year.
I look forward to cultivating and making my shamba a more productive than before.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$807.41

Date disbursed

Jun 13, 2019

Repayment status

Late

Projected term

25 months

Cost to entrepreneur

Service fee: $34.02

Credit risk payment: $204.12

Lenders

M

marvin24

Giessen, Germany

J

Jason

New Jersey, United States

MarktheMormon

Sandy, Utah, United States

helogr53

Abbotsford, Canada

Tavin

Ottawa, Canada

F

fisaire

Ithaca, United States

Cloudways

Malta, Malta

J

jzidi

Los Angeles, United States

B

bileiro

Mandaluyong, Philippines

ads68

Melbourne, Australia

8

8chrono8

London, United Kingdom

Z

zedoud

Hamburg, Germany

G

Goldrivermob

Gold River, Canada

J

jfragisk

Toronto, Canada

J

jonastang

Hong Kong, Hong Kong

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

D

DandS

United States

J

jenda

Czech Republic

T

TrademarkMan

United States

A

angelapeat01

United States

Lisbeth

Perth, Australia

DennisM

Netherlands

N

Nicole

Pittsburgh, United States

M

motivator1117

United States

M

mbarbier

United States

S

Sven

Netherlands

T

TZ

Singapore, Singapore

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

Jeremy

Washington State, United States, United States

MR

Michiel Rauws

San Francisco, Netherlands

Donna Manton

Australia, Australia

NB

Neil Barnes

Molalla, United States

jo

Los Angeles, United States

Jonathan Ely

Aldershot, United Kingdom

SH

Steven Huntington

London, United Kingdom

Rory McLaughlin

Dallas, United States

BS

Brandon S

United States

C

Carlene

United States

J

Jon

United States

L

Lucy

Australia

NM

Nitya Marepally

San Ramon, CA, United States

BP

Bill Piper

United States

M

Mark

Toulouse, France, France

HCPSPIRIT

Helsinki, Finland

D

David

United States

Lurch

United States

Daveycee

The Hague, Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

ML

miriam levine

United States

S

SallyM

United States

JT

Joanne Thompson

United Kingdom

SW

Sean Walsh

United States

Remo

Switzerland

RS

Robin Spelbrink

Westerbroek, Netherlands

R

RM

Australia

RE

Robin EJ Spelbrink

Westerbroek, Netherlands

GA

Gal Ashuach

רעננה, Israel

Mark Wilco

Columbus, OH, United States

R

Roman

Slovakia

Blake Rutledge

United States

C

Camm

Australia

Carol Vigurs

London, United Kingdom

Andrew

United States

AL

Anna Lusero

United States

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

S

Sam

New Zealand

AN

Alex N

Australia

A

Anonymous

United States

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