Geoffrey Mwaniki

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Mwaniki

Member since

July 2013

On-time repayments

280 installments  •  72%

About Me

My name is Geoffrey Mwaniki, I reside in Nairobi County, Embakasi District, Fedha Estate. I was born in Machakos County, Kathiani Division, Kaani Sub Location. It is 12km from Machakos Town to Kaani town. And approximately 400 meters off Machakos Kitui road. There is a school next to my farm called St Catherine Girls High School. I am married to Edith Baru and we have been blessed with a baby boy called Nathanael Mwaniki.He is now 4 and half years. I have been farming for the last 6 years. What started as a passion has now grown to be an established business thanks to Zidisha loans which has helped me to grow my farming business.

My Business

I am in agribusiness where I practice mixed farming. I have a Green house where I grow tomatoes and capsicums. I am also in poultry where I have 200 indigenous birds. I also have cattle and have also planted pawpaws and mangoes. I have experienced tremendous growth over the last 2 years that I have been in the business. For example, I started with 5 she goats and 1 he goat and now I have over 20 goats. In the area of Poultry, I have been able to construct a house which can hold over 2,000 birds from proceeds from the farm which am planning to stock as soon as possible. I have been also able to plant over 1,000 pawpaw trees which will mature in the next 1 year. Already I have around 100 mature pawpaw trees which I sell the fruits to my customers in Nairobi.The climate condition in our area is very good for fruits which many customers prefer them because of the sweetness.

Loan Proposal

I want to clear the balance of an incubator I had booked which goes for Ksh 89,500. I have already paid a deposit of Ksh 50,000. The balance is Ksh 39,500. Am intending to raise the balance of Ksh 19,500 when the loan goes through from the sales of eggs. This will help me to start incubating eggs which I currently sell @ Ksh 800 per tray. The incubator should be ready for collection by 18th January 2014. The machine can hold upto 528 hen eggs. This will help me increase the stock of my poultry business and also intend to sell day old chick to the market which I already have. Am looking forward to your consideration. Thanking you in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.08

Date disbursed

Jan 12, 2014

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Lender interest: $250.08 at 9.61% annual rate over 5 months = $10.63

Service fee: $3.91

Lenders

AWOL

USA, United States

P

Philippe

Adliswil, Switzerland

A

anonymus

Moon, United States

B

Bavarian

Bavaria, Germany

Sundstroms

Falun, Sweden

Sarasota

Sarasota, Fl, United States

P

Purplejeep

Moravia, United States

A

Armeij

Veendam, Netherlands

Déméter&Kotler

Paris, France

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