Potato farming

Stephen Mwema

Nairobi, Kenya

100% repaid



Stephen Mwema

Member since

July 2016

On-time repayments

13 installments  •  15%

About Me

I am Stephen Mwema, with a degree in economics, but currently a self employed supplier running a supplies company (Mwemba Supplies) which is in its start-up phase.

My Business

I started Mwemba Supplies, which supplies commodities to organizations, and I am currently trying to get some funds to fund an expansion phase.

Loan Proposal

I am a farmer with an eye in making it big in agribusiness. I currently have an acre that I leased and have planted potato. My aim is that when I get this loan, I will it to increase the acreage from the current 1 acre to 3 acres. With a loan of Ksh. 40,000, I will lease 2 more acres at a cost of Ksh. 4,000 each for a full year. That makes it to a total of 8,000. I will then dig the land at a cost of 4,000. Then buy seeds at a cost of 20,000 and fertilizer at a cost of 4,000. The remaining 6,000 will go to paying for labor.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Aug 18, 2016

Repayment status

On Time

Projected term

40 months

Cost to entrepreneur

Service fee: $16.60

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The Zinc Team

San Francisco, United States

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