Serah Njeri

Subukia, Kenya

Funds disbursed

$0 to go

100% funded of $1,212 goal

0

days left

Entrepreneur

Name

Serah Njeri

Member since

August 2012

On-time repayments

18 installments  •  6%

About Me

Am a Kenyan citizen age 36 year, a residence of Subu on your way to Nyahururu Plot number 20 a Farm where I got married and am a very good farmer. I have been in farming since the year 2005 dealing in maize planting for domestic use but in to year 2009 I changed my profession of farming maize to tomatoes farming which has proofed to me that women can also be good farmers due to the profit I have seen.Am a Kenyan citizen age 36 year, a residence of Subu on your way to Nyahururu Plot number 20 a Farm where I got married and am a very good farmer. I have been in farming since the year 2005 dealing in maize planting for domestic use but in to year 2009 I changed my profession of farming maize to tomatoes farming which has proofed to me that women can also be good farmers due to the profit I have seen.

My Business

Most of the farmers here grow maize beans. We started as a group of five people in 2009 where we decided to specialize in horticulture products and Tomatoes in particular. We formed a group where we were able to plant half an acre of tomatoes but did not do well during that times because the supply in the market was high than the demand. We decided that we would plant out tomatoes in such a time that by the time they are ready for market, there would be no supply at that time so we decided to be doing that during the sunny season when other farmers are preparing their farm for maize plantation. By doing so we were able to raise money and bought a money maker pump which was very tiresome because one person had to pump using his/her leg and the others would water the plantation. By doing so we were able to harvest the tomatoes in good time and were able to get a good profit margin here we divided among ourselves. Present I have a plan to plant one acre of tomatoes which I will divide into four seasons. I have already laid down the nursery for season one and in three weeks time it will be ready for planting.

Loan Proposal

Now that the first loan helped me to build a water tank, i will use the money lend to roof the tank and buy water pipes that will come from the river to the tank so as to fill the tank will water for irrigation. I have thought on how i will get the water even if it will cost me such that the water will flow on gravity instead of using a petrol pump machine, the water can flow on gravity hence no extra cost on petrol after the success of the plan.

Feedback

12

2

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,207.12

Date disbursed

Nov 5, 2012

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Lender interest: $1,207.12 at 4.86% annual rate over 18 months = $88.81

Service fee: $91.38

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Summary

Amount repaid

$0.00

Amount remaining

$469.48

Expected completion

May 9, 2014

Status

Repaying late

Installment amount

$41.12

Repayment History

Expected Payments Actual Payments
Jan 9, 2013 $0.00
Feb 9, 2013 $0.00
Mar 9, 2013 $0.00
Apr 9, 2013 $0.00
May 9, 2013 $0.00
Jun 9, 2013 $41.12
Jul 9, 2013 $41.12
Aug 9, 2013 $41.12
Sep 9, 2013 $41.12
Oct 9, 2013 $41.12
Nov 9, 2013 $41.12
Dec 9, 2013 $41.12
Jan 9, 2014 $41.12
Feb 9, 2014 $41.12
Mar 9, 2014 $41.12
Apr 9, 2014 $41.12
May 9, 2014 $17.17

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