Potato project

Thomas Mugo

Ruaka Ridge Apartments, Kiambu County, Kenya

100% repaid

Entrepreneur

Name

Thomas Mugo

On-time repayments

122 weekly installments  •  63%

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 will add organic manure for enhancing fertility of soil to boost output of potato crop. I will also fence the potato plot to inhibit intrusion by sheep.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$118.39

Date disbursed

Apr 8, 2019

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $5.32

Credit risk payment: $31.93

Lenders

MarktheMormon

Sandy, Utah, United States

JimVandegriff

Trinidad, California, United States

S

Staffan

Mölndal, Sweden

WE

Wendy Emlyn

Devon, United Kingdom

KO

Ken Oram

Warrington, United Kingdom

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