Theophile Mpakaniye

Mugunga Sector, Gakenke District- Vunga Branch, Rwanda

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32870
32870
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32870 - thumbnail

Theophile needed £914.08 for his business.

Amount Requested

Amount requested:

£914.08

Repayment term

Repayment term:

24 Months

Activity type

Activity type:

Farming

MFI Partner

MFI partner:

Umutanguha

Theophile MPAKANIYE needs a loan to buy a small banana farm to sell bananas.  The banana farm that he would like to buy has 1.5 hectares and it would cost him $1180.  He can harvest around 8 tons of bananas which he will sell for more than $2500.  He will increase his income and repay the loan. His wife is going to help him in these activities. He currently employs 5 employees and after the loan he will hire 5 more. This will also help him continue to take his 3 children to school. He has been doing these activities for 5 years. He thinks in the future, his farming activities will have doubled. This is not his first loan he has had good history of loans and he thinks he will repay this one as well.

loan added: 12 February 2018

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Theophile's loan Repayment schedule

Date Expected repayments Actual repayments
February 2018 £83.10 --
March 2018 £34.62 --
April 2018 £34.62 --
May 2018 £34.62 --
June 2018 £34.62 --
July 2018 £34.62 --


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