Procurement of solar water pump

Duncan Macharia

Nairobi, Kenya

100% repaid



Duncan Macharia

Member since

September 2018

On-time repayments

23 installments  •  61%

About Me

I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.

I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.

My Business

I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.

Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.

I have engaged 10 people on a full-time basis and 7 on a casual basis.

Loan Proposal

I engage in farming on a 5 acres piece of land. It is located in Laikipia County, Laikipia East Subcounty. The area is fertile for farming however it is mainly semi-arid.

I have invested in a shallow well to harvest rainwater during rains. This resource is utilized during the dry seasons. This is done manually.

I would love to invest in a solar water pump that will greatly assist in the irrigation of crops. This will in turn increase profitability.

Income Source

I will be able to honour my loan repayments through the selling of the already mature crops in my farm.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Aug 26, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $6.38

Credit risk payment: $5.10



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