Potato farming

Thomas

Ruaka Ridge Apartments, Kiambu County, Kenya

100% repaid

Entrepreneur

Name

Thomas

Member since

May 2018

On-time repayments

125 installments  •  64%

About Me

My name is Thomas Githinji Mugo. I hail from Gichugu Constituency, Kirinyaga County. My childhood was a mix of urban and rural life, the latter commencing at 6 years of age when my family relocated from Nairobi to Kiangechu Village, Njuku Sublocation on the slopes of Mt. Kenya. Life at the rural setting started off rough in comparison with city life that I was born into. That meant transitioning from a home with electricity and a colour TV to one with a Lantern Lamp with no access to TV at all! It also meant waking up to attend to farm chores, for example, feeding the cows and chicken before proceeding to either weed the maize plot or harvest tea or coffee. In retrospect, this seemingly gloomy transition also nurtured a passion for farming into me. Today I practice agribusiness out of the acquired passion for farming!

My Business

I am an employee of a State Corporation in the oil and gas subsector. Besides, I practice agribusiness, majorly potato and horticultural farming. I also have a keen interest in forex trading which earns me residual income from my initial investment.

I purchased two 50 by 100 plots at Ngecha, Kiambu County, where I plant horticultural crops. Moreover,. I have leased a one acre plot at Njabini, South Kinangop, Nyandarua County where I plant potato due to the favourable weather conditions for the crop as well as access to quality accredited potato seed.

The yields from horticultural crop are harvested monthly while the yields from the potato farm are harvested on a quarterly basis. Income from the forex returns is accessible on a monthly basis.

Loan Proposal

I intend to use the loan funds to facilitate purchase of fertilizer and herbicides as well as cater for labour expenses for farmhand at the potato plot.
I also intend to purchase organic manure to enhance the potential production of the potato plot.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.00

Date disbursed

Nov 30, 2018

Repayment status

On Time

Projected term

1 week

Lenders

J

jzidi

Los Angeles, United States

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  • Thomas    Nov 29, 2021

    Low cashflow

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  • Thomas    Oct 8, 2021

    Reduced cash flow

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  • Daniel    Sep 17, 2021

    Dear Lenders,
    Have spoke to Mr Mugo and he has promised to work on the payment next week

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  • Thomas    Jul 27, 2021

    Low cashflow

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  • Lilian    Jul 7, 2021

    Mugo was unavailable on phone but I will try later to check on him

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  • Thomas    Jun 20, 2021

    Reduced cash flow

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  • Thomas    Jun 9, 2021

    Reduced liquidity and disposable income.

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  • Lilian    Jun 2, 2021

    Spoken to Thomas and he has promised to do some payments soon

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  • Lilian    Apr 24, 2021

    Thomas promises to pay his loan with an amount he is comfortable paying since he is finacially down and 1030 is still on a higher side.. thanks for your patience

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  • Thomas    Apr 12, 2021

    Reduced disposable income due to constrained cash inflows.

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  • Lilian    Feb 26, 2021

    I couldn't find thomas on phone but managed to speak to patricia who says thomas business was adversely affect with corona but promises to talk to him and see way forward of paying the loan

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  • Thomas    Feb 8, 2021

    The KES.1,030 is still high. Please allow for a lower repayment amount.
    Regards

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  • Thomas    Jan 17, 2021

    Lower revenues attributable to effects of COVID-19 pandemic.

    I am unable to pay even the lowest option of KES.1,030 per week.

    Please allow for lower installments.
    Regards.
    Thomas

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  • Thomas    Jan 3, 2021

    Low liquidity

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  • Thomas    Nov 19, 2020

    Cash flow constraints.

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  • Thomas    Oct 13, 2020

    Cash flow challenges

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  • Thomas    Sep 2, 2020

    Cash flows issues

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  • Thomas    Jul 24, 2020

    Covid-19 has slowed revenue generation.

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  • Thomas    Jun 18, 2020

    COVID-19 has slowed down business.

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  • Thomas    May 6, 2020

    Cash inflow constraints due to low business.

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