To help purchase land for building a home and rearing chickens
James Wambugu
Ndenderu, Kenya
59% repaid
Entrepreneur
Name
James Wambugu
Member since
June 2014
On-time repayments
308 installments • 81%
About Me
I am James Wambugu, a Kenyan IT professional, but with a passion for farming.
I was brought up in a rural setting, where indigenous chicken was reared as a hobby as opposed to a commercial venture. Am also venturing in the transport industry which has a lot of potential.
I am currently working as an IT officer with a logistics company, and at the same time rearing indigenous chicken at my rural home.
I am married, with two daughters.
During my free time, i watch a game of football with friends. I am a diehard fan of Arsenal FC.
My Business
The current pandemic has dealt a blow to many businesses and mine was no exception. My motorbikes were unable to bring in any income, as their hours of operation coincided with the curfew hours that was put in place by the government to curb the spread of Covid-19.
I had no option but to sell them.
This time, i want to buy land, with the objective of settling on it and doing commercial poultry farming. I have identified a piece of land that is in a strategic place. I have done due diligence and it is genuine. The land is costing $ 5,000.
Loan Proposal
If i get this loan, the whole amount will go towards purchase of a piece of land.
I will add to my savings, to get the full amount for the land.
Repayment will be done from my salary, as i am still employed full time.
Income Source
I am a full time employee, with a stable salary.
From this, i will be able to comfortably repay the loan.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,210.14
Date disbursed
Oct 8, 2020
Repayment status
Late
Projected term
21 months
Cost to entrepreneur
Service fee: $103.20
Credit risk payment:
$51.60
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