Samuel Ihugo

Bahati Nakuru, Kenya

64% repaid

Entrepreneur

Name

Samuel Ihugo

Member since

February 2013

On-time repayments

70 installments  •  47%

About Me

My name is Samuel Njoroge Ihugo, I was born in year 1978 in the area called Kamiruri in Bahati area near Muthaiti Primary School. I went to our lady of mercy of primary school. Then after primary school i started a small business of charging batteries and barber shop.After charging the batteries for sometimes the place became unsave for keeping the batteries so i stop charging but i continued with the work of a barber, up to now. I am married with children.

I come from a place called Kamiruri in Bahati. As you travel from Nakuru along Nakuru/Nyahururu road you reach a centre called Maili Kumi you do not branch , you continue with road that goes to Solai before you reach the police station after passing Muthaiti Primary School you branch to your right then walk for about 600m from the main road you ask for walimuru’s home plot no. 988. The area is a very good place and very productive when it comes to farming.so those who do farming business do very well because of the favourable climate.

My Business

I do mixed farming where I grow different types of crops like maize beans, peas, tomatoes, potatoes, vegetables e.t.c. I sell the produce to the business men around the area and to others who come from afar. I also keep layers chicken for eggs which I sell to neighbouring town Nakuru. Apart from farming business I operate a barber shop at Maili Kumi Centre that is where I work all day and my family takes care of the farming business. I get about 200000 per year from crop farming and from chickens I get 20000 per month and so it is about 240000 per year from the work of barber I get about 150000 per month which is about 180000 per year so the total annual income is about 620000. I use the amount to continue the business, for my family up keep and also paying for my month bills.

Loan Proposal

I would like to thank you Zidisha team for the good work you are doing . Let me say that I was very much helped by your past loans it has truly uplifted my business and also they have helped me to raise the standard of my family . For now I have expand my business of barbar.Thanks for the good work you are doing i hope the lenders will continue doing the good work.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$529.16

Date disbursed

Jan 20, 2014

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Lender interest: $529.16 at 16.35% annual rate over 14 months = $101.49

Service fee: $21.92

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