A new dairy cow for my milk business

Daniel

Eldoret, Kenya

97% repaid

Entrepreneur

Name

Daniel

Member since

January 2017

On-time repayments

38 installments  •  84%

About Me

i was born and raised in a place called Kapsabet in Eldoret, I was named Komen in kipsigis meaning hard worker, and true to the name i believe to have worked hard right from my primary school. I was a pupil at Kipsigis Day Primary school before joining Kapsabet boys secondary school and later on joined Moi University for higher education.
At the university i pursued Agriculture and economics. I loved agriculture because i was brought up in a background of farmers. I saved money while in school and when i was in my third year, i managed to buy a cow using the money that i had saved. My mother back at home w3as taking care of the cow while i was in school.
I came to start doing dairy farming after completing my school. I used the cow that i had bought to do the dairy farming business in addition to another one that i recently acquired. That description basically gives details of how in came to start the dairy farming business.
What i find unique in our land is that many young people are going to the university and they forget there roots, they constantly chase the white color jobs in disregard of the local businesses at home like farming among others

My Business

i provide dairy services to the local;s in Kapsabet town, i own two dairy milk cows that gives me milk everyday in the morning and in the evening, the milk that i get goes to the locals for sale and i also take the surplus to the Kenya Cooperative Creameries where i sale the raw milk for fine processing and packaging. This services are useful because in our community milk consumption is the order of the day and hence many people must consume milk on daily basis, this makes the commodity to be useful and also on very high demand.
I chose this business because i had studied well at the university on livestock keeping and also i wanted to practice a native business. A business that has taken care of me since was a small boy to the very date.
I have been using the profits that i get to take care of my mother at home and some of my siblings, take care of the cattle by buying feeds for them and also maintaing there health, i have also been making savings when i get a lot of money with one aim of buying a milking machine for my cows

Loan Proposal

I think i am now the happiest man in the whole world. The earlier loan helped me buy a milking machine for my cow that assisted me so much in the Milking of the cows.
I appreciate so much the help may God bless you lenders.
With a new and second loan therefore of 23 us dollars, i will use the money to buy a new dairy cow for 300 us dollars. Therefore i will add 277 us dollars from my savings generated from the sale of milk and buy the cow.
I will benefit because i will increase the milk that i produce per day and this will in turn mean an increase in my income by 20 us dollars a single day. Thank you, Thank you ones again. Looking forward to working with this big family

Feedback

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  • Margaret    Sep 25, 2017

    Daniel paid his loan off perfectly. I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.00

Date disbursed

Apr 4, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

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