Purchase farm inputs for my farming project

Lilian Mutheu

Njoro, Kenya

12% repaid

Entrepreneur

Name

Lilian Mutheu

Member since

February 2014

On-time repayments

142 installments  •  8%

About Me

AM 19 YEARS OF AGE . I STAY IN NAKURU NJORO EGERTON .MY HOME IS IN MACHAKOS BUT I CAME TO NAKURU AFTER DROPPING SCHOOL IN FORM TWO I COULD NOT AFFORD TO PAY FEES DUE TO POVERTY IN OUR HOME. I CAME TO NAKURU TO WORK AS A HOUSE HELP BUT AFTER SOME TIME I SAVED MY SALARY TO BEGIN FARMING AS MY BUSINESS. WHILE IN SCHOOL I . I LIKED AGRICULTURE AND SO I DECIDED TO HIRE A FARM AND BEGIN FARMING PASSED VERY WELL IN MY PRIMARY LEVEL I GOT 350 MARKS WHICH COULD HAVE TAKEN ME TO A NATIONAL SCHOOL .I DID NOT GIVE UP I OW I WILL STILL MAKE IT IN MY EDUCATION I HAVE DECIDED TO REGISTER IN ADULT CLASSES NOW WHERE I ATTEND CLASSES DAILY FROM 2PM.IAM NOW IN FORM 3 NEXT YEAR I WILL DO MY O LEVELS I DECIDED TO DO FARMING BECAUSE IT GIVES ME ENOUGH TIME TO STUDY GET MONEY TO PAY MY FEES AND THE BALANCE SUPPORT MY YOUNG SISTERS AND BROTHERS IN THE VILLAGE.I STARTED PLANTING MAIZE AND INTER CROP WITH I RISH POTATOES.

My Business

MY BUSINESS DEALS WITH FARMING .I DECIDED TO DO IT SINCE IT GIVES ME AMPLE TIME TO STUDY . MY CUSTOMERS COME FROM NAIROBI THEY NORMALLY COME FROM UGANDA WITH LORRIES TO GET FROM THE LARGE SCALE FARMERS AND SINCE I AM A SMALL SCALE FARMER I SELL MINE WHEN THEY COME .HOWEVER I HAVE AVERY LARGE DEMAND WHAT I LACK IS CAPITAL TO HIRE THE FARM AND PRODUCTION COSTS.MY COSTS INCLUDE BUYING FERTILIZER,PESTICIDES TO CONTROL PESTS FUNGICIDES TO CONTROL DISEASES LABOR COSTS RENT FOR THE LAND MY CHALLENGES ARE UNPREDICTABLE CLIMATE,AND PRICE S WHICH VARY FROM SEASON .THE MAIZE I SELL TO THE SCHOOLS AROUND I HAVE SOME BOARDING SCHOOLS THAT HAVE GIVEN ME TENDER AROUND 2 YOUNG SCHOOLS.MY YEARLY INCOME IS A ROUND KSH 360,OOO WHICH IS AROUND 3200 US DOLLARS WHICH AFTER DEDUCTIONS I REMAIN WITH KSH 240000 THIS IS AROUND2400US DOLLARS PER YEAR THIS THIS GIVES ME 20,000 PER WHICH IS 200US DOLLARS OR 180US DOLLARS MONTHLY OR SOMETIMES SLIGHTLY LESS.THIS HELPS ME PAY MY FEES PLUS SUPPORT OUR FAMILY .I WILL USE THE SAME TO PAY THE ZIDISHA LOAN MY CHALLENGES INCLUDE FLUCTUATION OF PRICES AND CLIMATE CHANGES WHICH INRETURN BRING DISEASES WHICH AFFECTS MY BUDGETS

Loan Proposal

i will use the money i get to purchase farm inputs i will buy fertilizer 50kg which is 50dollars 4000ksh i will use another 50 dollars to hire atractor to plough the land the balance of 7000 iwill use to buy the potatoe and maize seeds because i do inter croping .this will help me pay my fees for next term after selling the balance iwill use to repay my loan and be able to pay for my younger sister who has passed her primary education but lacks fees for secondary level .lenders thank you you have saved my life

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$177.27

Date disbursed

Jan 26, 2015

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Lender interest: $177.27 at 4.66% annual rate over 29 months = $20.47

Service fee: $16.24

Lenders

Hedwich

Gorssel, Netherlands

E

elhh82

Petaling Jaya, Malaysia

OP

Old People

Corona Del Mar, United States

P

Peaches

United States

O

osubucks45

United States

J

juniormint

United States

S

stevemorin

United States

A

adiipienaar

South Africa

jonnyhj

Stockholm, Sweden

J

jenda

Czech Republic

L

Lender59

United States

M

mitchmk84

United States

R

RosieWatrs

United States

C

cathyu2crazy

United States

E

expatri

United States

A

AniaC

Melbourne, Australia

C

CraigInCo

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

T

timnj

United States

J

JonAlec

United States

D

Desteli

United States

Grant Xavier Storer

Seattle, Wa, United States

Ask Lilian a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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