Moses Ndirangu

Mirangini Village, Kenya

100% repaid

Entrepreneur

Name

Moses Ndirangu

Member since

August 2012

On-time repayments

45 installments  •  22%

About Me

my name is moses ndirangu huine of age 22. i am a young man, single, am the third born in a family of 5 children. i am a professional in plants disease/species research. i do farming business and mostly i farm cabbages in my large farm scale that is located in mirangini, plot No. 63. i grow cabbages for commercial purposes and i take them to large markets like nakuru town market and nairobi also when the harvest is great. i hire a lorry to do easy transport. i am always contented by my earnings (i manage to get maximum profit) after deducting all my expenses, that is: land preparation, cultivation, weeding, irrigation, pesticide, labourors transport and all others.

My Business

i am the most developed and well known cabbage farmer in mirangini location. am very okay with the business because it provides me with my daily needs and also enough savings. my products are in demand because i transport them to large markets like nakuru town and also to Nairobi when the demand is high. i also do local sales to my neighbors and retailers. my products are of high quality and also well grown with knowledge and treated against disease and hence high demand rises and most people prefer my products. just to estimate, one single harvest manage to give me around 50,000 ksh profit. i manage to plant the cabbages in 2 seasons a year, that is: January to April and finally July to November and December where the demand is very high in deed. i like cabbage farming because the crop doesent trake too long to mature, it takes only 3-4 months and its ready for market.

Loan Proposal

i will use this second loan to expand my m-pesa business.i am planning to open another shop in a different place as part of my expansion.i am needing 100000ksh but the good thing is that with your second support i will add the rest and i am going to open another m-pesa.i will also add new stocks of accessories for the new shop as this would also attract customers.i really thank you in advance for your human support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$796.20

Date disbursed

Jun 2, 2013

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $796.20 at 6.99% annual rate over 14 months = $65.55

Service fee: $32.71

Lenders

investor

Candiac, Canada

P

Philippe

Adliswil, Switzerland

A

anonymus

Moon, United States

P

PascalC

Leuven, Belgium

russell

leicester, United Kingdom

T

tonilends

catalonia is not:, Spain

W

Walker

San Antonio, Tx, United States

mewesten

Waynesboro, United States

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