Joseph
Nairobi , Kenya
100% repaid
Name
Joseph
Member since
August 2017
On-time repayments
6 installments • 50%
I am a small entrepreneur and i am married and blessed with a lovely daughter. I am a small dairy farmer located in the outskirts of Nairobi in a more peri-urban environment. i have had a good education in my early years where i have gone through the primary education all the way to college education where i studied a business course. I started off with employment however due to my exposure to farming thanks to my parents i developed a passion for dairy farming and with time i changed course and ventured in to small time farming to augment my income. It is a good venture where i am able to get income to support my family and with good management skills i can be able to plan better so as to achieve good returns.
I get most of my income through dairy farming currently i have two cows which are able to produce at least 100 litres of milk in a week. i usually sell 70% of the total production and leave at least 30% for domestic consumption. It is a good and stable revenue source however there is a lot of competition resulting in huge supply that has reduced the prices at the market. However i am able to sell a litre at around Kshs 80-100. I am passionate at what i do and will continue to augument my income through the venture and i know at some point in time will grow it to be a large business.
I would like to seek a small loan to enable me purchase livestock feed that i shall use to feed cows for dairy farming. I have two cows that i am zero grazing and i would like to seek for a small facility to buy at least two sacks of 90 kg of animal feed to enable me maintain a continuous production of milk production. On good days i can sustain the small business using the revenues but due to a shortage of napier grass and increasing costs of the feed where i hail from i have resorted to purchasing animal feed to boost production.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Oct 18, 2018
Repayment status
On Time
Projected term
3 weeks
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