Lease land for farming

Rachel

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Rachel

Member since

January 2015

On-time repayments

307 installments  •  77%

About Me

My full name is Rachel Wanjiru Njuguna. I am married with one son. I grew up on a farm with my 4 siblings. My dad is a farmer and he has been very kind in mentoring me and showing me how to go about farming. I have done potato farming for the last two years. I started with one acre and last year I did two acres.
I have a diploma in marketing management. Apart from farming, I work as an accounts clerk in a hotel.
I started potato farming with my savings. My dad encouraged me to think outside of the box and start farming.
In 2011, I gave birth to my son and I decided to be a stay at home mum until January 2014 so that my son could get the best care. It was not easy because my husband's income was not much. I started saving from the money he left me for daily use. I joined women's groups and this has really helped me to save and support my family.
From this experience, I have become very passionate about women's empowerment and I really encourage the women I interact with to save and work hard. I hope one day to have an organization that supports women.

My Business

I do potato farming. Potatoes are always in demand in Kenya. Apart from the french fries which are consumed daily in hotels, potatoes have many other uses. I chose potato farming because, having grown up in a farm, I have seen how farming can change peoples' lives. My dad was able to educate the 5 of us through farming. Farming also has good returns when done properly.
The typical costs in potato farming are: seeds, fertilizer, labour and pesticides. One spends like 35,000 in an acre and you get a profit of 30,000 to 40,000 within 3 months. I use the profit I get in educating my son, for reinvestment and for house expenses.
My plan is to be able to do more than 50 acres with time. I am requesting this loan because I believe I can start small and go very far.

Loan Proposal

I will use the loan to lease land for farming. I will also be able to buy fertilizer and pesticides in preparation for the farming season.
The money I get will enable me to invest more and be able to give my son a better life.
The profits I get will be used to pay toward owning my own home and also towards my sons education.
I would also like to save in order to afford a holiday or weekend away with my family.

Show original English  

About Me

my name are Rachel wanjiru. I am a farmer and a businesswoman. I am also employed as an accountant.
I am a single mum with one child who is now 8 years old. I separated from my husband 2 years ago and it has not been easy especially financially.
I work Soo hard to provide for my son so that he can have a good education and life in general.
This year has been particularly challenging because of the economic situation in Kenya and also the weather change

My Business

The last loan I got really helped me financially. The weather was not good the the crop production was not good.
I also started chicken farming in August and that helped a lot with my financial situation.
This year in January I opened a shoe shop and it has been doing very well.
I also have a monthly salary where I am employed as an accountant.

Loan Proposal

I will use the loan to lease land for farming. I will also be able to buy fertilizer and pesticides in preparation for the farming season.
The money I get will enable me to invest more and be able to give my son a better life.
The profits I get will be used to pay toward owning my own home and also towards my sons education.
I would also like to save in order to afford a holiday or weekend away with my family.

Feedback

4

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  • Katja    Mar 29, 2017

    Thank you for repaying that fast and Wish you all The best!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$826.00

Date disbursed

Oct 25, 2016

Repayment status

On Time

Projected term

5 months

Lenders

Paul Buchheit

Mountain View, United States

JG

Jade Gallat

United Kingdom

Ask Rachel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Janice    Mar 19, 2021

    The member has cited about low business returns as she was not expecting about.

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    • Rachel    Mar 23, 2021

      Is it possible for my adjusted amount to go lower than 1200? Been trying that and it never works

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  • Rachel    Mar 2, 2021

    Reduced source of income

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  • Janice    Feb 7, 2021

    Rachel will be settling her past dues next week,and post a comment to lenders about her business progress.

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  • Rachel    Jan 28, 2021

    Lack of stable financial income

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  • Rachel    Dec 4, 2020

    Loss of source of income.

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  • Rachel    Nov 24, 2020

    Loss of source of income

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  • Rachel    Oct 13, 2020

    The place I was employed and also had a business were demolished by the government. I have no source of income at the moment.

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  • Janice    Oct 1, 2020

    The borrower has challenges with her business as the sales has dropped drastically due to the negative economicimpacted by covid 19.

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  • Rachel    Sep 13, 2020

    Difficult financial times.

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  • Janice    Aug 20, 2020

    Rachel has promised to send her late loan arrears in few days coming.

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  • Rachel    Jul 12, 2020

    Financial difficulty

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  • Janice    Jul 9, 2020

    Rachel will be reschedule her weekly payment downwards for the next few weeks.

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  • Rachel    May 18, 2020

    Not working because of the pandemic

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  • Rachel    Apr 4, 2020

    Business forced to close down due to the corona virus pendemic.

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  • Madesto    Mar 13, 2020

    i called rael and she promised to repay her arrears as soon as possible

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  • Rachel    Feb 25, 2020

    Financial difficulty

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  • Rachel    Jan 18, 2020

    Hard economic times.

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  • Rachel    Dec 26, 2019

    Can't manage the original amount because of financial difficulty.

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  • Rachel    Nov 9, 2019

    Slow economic situation.

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  • Rachel    Oct 2, 2019

    Hard economic times

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