A new productive dairy cow

Anthony

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Anthony

Member since

December 2015

On-time repayments

255 installments  •  85%

About Me

I grew up in a humble background in a family of five. I went to school at my nearest village primary school, where I did exceptionally well and joined a provincial level high school (Meru school), which currently has been converted to a national school. After my high school education, I began CPA (certified public accountant) classes before joining Kenyatta University to pursue a bachelor's degree in economics and finance. I am now awaiting graduation in the field of economics and finance from Kenyatta University.

Entrepreneurship as always been my driver to overcome hardships throughout my college life. I could buy clothes in large quantities and sell them to students, making a significant profit to facilitate my upkeep at the university. I started my daily farming business during my last long vacation at the university. My motivation was the financial hardships. My finance source was working in a milk production company for those few months.

In my culture people are less innovative because of plenty of food. Due to increased food insecurity in the entire country, alternative sources of income will soon become a necessity in the region, and with this forecast I decided to practice my entrepreneurial skills and start my own business. Currently I have no children, but I believe that I will grow to have a promising future come that time.

My hobby is research: I always spend my leisure time raising problem statements and business ideas to ascertain my next most viable venture to undertake besides dairy farming.

My Business

My business is dairy farming: I have two dairy cows. From my business I am able to sell milk, a commodity which has a very high demand in the market because many households have migrated to the town ("rural urban migration") and milk consumption by these households have increased, calling for more milk production by dairy farmers to sustain this overwhelming demand for milk. I choose this kind of business because I noticed there was a high shortage of milk in the market.

During my industrial university attachment, I worked in a milk processing industry in the field of internal audit. I discovered that every morning the CEO urges the employees to help the industry acquire higher milk intake from farmers due to idle machinery that could not get enough milk to process 24 hours a day. I decided therefore I could start daily production and advance it in the future to large-scale farming in order to enjoy the advantages of economies of scale and also supply raw milk to the industry.

My typical costs are costs of artificial insemination, concentrates, fodder, labour, and veterinary services of treatment. My greatest source of revenue is milk selling. I also sell accumulated manure that remains after I have used some on my fodder. I use the profits to increase my business by reinvesting it back in business and registering for my Certified Public Accountant examinations.

Loan Proposal

i plan to buy a new breed of a dairy cow (freshian) with a production capacity of 25 liters per day this will improve my productivity compared to the the current average of 16.5 liters from my two dairy cows to 19.3 liters per day. The cost of the cow is 1200 dollars. i will add a little of my savings to the loan granted and buy the cow.I expect an increase in profit by 18%.

Show original English  

About Me

I grew up in a humble background family of five i went to school in my nearest village primary school where i did exceptionally well and joined a provincial level high school.
(Meru school) which currently as been converted to a national school. After my high school education i began CPA (certified public accountant) classes before joining Kenyatta University to pursue bachelor of economics and finance. Am now a first class honours graduate in the field of economics and finance from Kenyatta University and i have also completed my CPA (Certified Public Accountant) examination . Entrepreneurship as always been by driver to overcome hardships throughout my college life. I could buy clothes in large quantities and sell to students making a significant profit to facilitate my upkeep in the university. I started my daily farming business during my last long vacation in the university my motivation was the financial hardships. My finance source was working in a milk production company for those few months. In my culture people are less innovative because of plenty of food. Due to increased food insecurity in the entire country alternative source of income will soon become a necessity.in the region and with this forecast i decided to practice by entrepreneurial skills and start my own business. Currently i have no children but i believe that will grow to have a promising future come that time. My hobby is research i always spend my leisure time raising problem statement and business ideas to ascertain my next most viable venture to undertake besides dairy farming.

My Business

My business is dairy farming i have seven dairy cows. from my business i am able to sell milk a commodity which as a very high demand in the market because many households have migrated to the town "rural urban migration" and milk consumption by these households have increased calling for more milk production by dairy farmers to sustain this overwhelming demand for milk. I choose this kind of business because I noticed there was a high shortage of milk in the market. During my industrial university attachment I worked in a milk processing industry in the field of internal audit. I discovered that every morning the CEO urges the employees to help the industry acquire higher milk intake from farmers due to idle machinery that could not get enough milk to process 24hrs a day. I decided therefore I could start daily production and advance it in future to large-scale farming in order to enjoy the advantages of economies of scale and also supply raw milk to the industry. My typical costs are costs of artificial insemination. Concentrates, fodder, Lab our, and veterinary services of treatment. Greatest source of revenue is milk selling. I also sell accumulated manure that remains after I have used some on my fodder. i use the profits from business to increase my business by reinvesting it back in business.

Loan Proposal

i plan to buy a new breed of a dairy cow (freshian) with a production capacity of 25 liters per day this will improve my productivity compared to the the current average of 16.5 liters from my two dairy cows to 19.3 liters per day. The cost of the cow is 1200 dollars. i will add a little of my savings to the loan granted and buy the cow.I expect an increase in profit by 18%.

Feedback

3

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  • Vicki Stewart    Jun 18, 2019

    Thanks for paying your loan off early - would be happy to loan to you again. Good luck with your dairy farm.

    Log in to reply • Share
  • Maggie and M    Dec 24, 2018

    Anthony's payments arrived like clockwork and he finished early, we will be very happy to lend to Anthony again.

    Log in to reply • Share
  • Mary    Nov 28, 2017

    Anthony is an excellent borrower. I would recommend lending to him for any future loans!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$964.00

Date disbursed

Sep 5, 2017

Repayment status

On Time

Projected term

22 months

Lenders

Dipsius

London, United Kingdom

J

Joggele

Austria, Austria

M

mbarbier

United States

Karijn

Amsterdam, Netherlands

JA

Jared Anthony

CT, United States

Isabella

UK, United Kingdom

Dennis L

Berlin, Germany

Paul Buchheit

Mountain View, United States

M

Mary

United States

A

Anonymous

United States

G

Gemma

Australia

J

JB

Germany

JM

Joseph Moore

United States

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

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Summary

Amount repaid

$958.84

Amount remaining

$0.00

Date repaid

Nov 29, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 17, 2017 $9.82 Sep 15, 2017 $9.82
Sep 24, 2017 $9.82 Sep 15, 2017 $9.82
Oct 1, 2017 $9.82 Sep 15, 2017 $9.82
Oct 8, 2017 $9.82 Sep 28, 2017 $9.82
Oct 15, 2017 $9.82 Sep 28, 2017 $9.82
Oct 22, 2017 $9.82 Sep 28, 2017 $9.82
Oct 29, 2017 $9.82 Sep 28, 2017 $9.82
Nov 5, 2017 $9.82 Sep 28, 2017 $9.82
Nov 12, 2017 $9.82 Sep 28, 2017 $9.82
Nov 19, 2017 $9.82 Sep 28, 2017 $9.82
Nov 26, 2017 $9.82 Sep 28, 2017 $9.82
Dec 3, 2017 $9.82 Sep 28, 2017 $9.82
Dec 10, 2017 $9.82 Sep 28, 2017 $9.82
Dec 17, 2017 $9.82 Sep 28, 2017 $9.82
Dec 24, 2017 $9.82 Sep 28, 2017 $9.82
Dec 31, 2017 $9.82 Sep 28, 2017 $9.82
Jan 7, 2018 $9.82 Sep 28, 2017 $9.82
Jan 14, 2018 $9.82 Sep 28, 2017 $9.82
Jan 21, 2018 $9.82 Sep 28, 2017 $9.82
Jan 28, 2018 $9.82 Sep 28, 2017 $9.82
Feb 4, 2018 $9.82 Sep 28, 2017 $9.82
Feb 11, 2018 $9.82 Sep 28, 2017 $9.82
Feb 18, 2018 $9.82 Sep 28, 2017 $9.82
Feb 25, 2018 $9.82 Nov 29, 2017 $9.82
Mar 4, 2018 $9.82 Nov 29, 2017 $9.82
Mar 11, 2018 $9.82 Nov 29, 2017 $9.82
Mar 18, 2018 $9.82 Nov 29, 2017 $9.82
Mar 25, 2018 $9.82 Nov 29, 2017 $9.82
Apr 1, 2018 $9.82 Nov 29, 2017 $9.82
Apr 8, 2018 $9.82 Nov 29, 2017 $9.82
Apr 15, 2018 $9.82 Nov 29, 2017 $9.82
Apr 22, 2018 $9.82 Nov 29, 2017 $9.82
Apr 29, 2018 $9.82 Nov 29, 2017 $9.82
May 6, 2018 $9.82 Nov 29, 2017 $9.82
May 13, 2018 $9.82 Nov 29, 2017 $9.82
May 20, 2018 $9.82 Nov 29, 2017 $9.82
May 27, 2018 $9.82 Nov 29, 2017 $9.82
Jun 3, 2018 $9.82 Nov 29, 2017 $9.82
Jun 10, 2018 $9.82 Nov 29, 2017 $9.82
Jun 17, 2018 $9.82 Nov 29, 2017 $9.82
Jun 24, 2018 $9.82 Nov 29, 2017 $9.82
Jul 1, 2018 $9.82 Nov 29, 2017 $9.82
Jul 8, 2018 $9.82 Nov 29, 2017 $9.82
Jul 15, 2018 $9.82 Nov 29, 2017 $9.82
Jul 22, 2018 $9.82 Nov 29, 2017 $9.82
Jul 29, 2018 $9.82 Nov 29, 2017 $9.82
Aug 5, 2018 $9.82 Nov 29, 2017 $9.82
Aug 12, 2018 $9.82 Nov 29, 2017 $9.82
Aug 19, 2018 $9.82 Nov 29, 2017 $9.82
Aug 26, 2018 $9.82 Nov 29, 2017 $9.82
Sep 2, 2018 $9.82 Nov 29, 2017 $9.82
Sep 9, 2018 $9.82 Nov 29, 2017 $9.82
Sep 16, 2018 $9.82 Nov 29, 2017 $9.82
Sep 23, 2018 $9.82 Nov 29, 2017 $9.82
Sep 30, 2018 $9.82 Nov 29, 2017 $9.82
Oct 7, 2018 $9.82 Nov 29, 2017 $9.82
Oct 14, 2018 $9.82 Nov 29, 2017 $9.82
Oct 21, 2018 $9.82 Nov 29, 2017 $9.82
Oct 28, 2018 $9.82 Nov 29, 2017 $9.82
Nov 4, 2018 $9.82 Nov 29, 2017 $9.82
Nov 11, 2018 $9.82 Nov 29, 2017 $9.82
Nov 18, 2018 $9.82 Nov 29, 2017 $9.82
Nov 25, 2018 $9.82 Nov 29, 2017 $9.82
Dec 2, 2018 $9.82 Nov 29, 2017 $9.82
Dec 9, 2018 $9.82 Nov 29, 2017 $9.82
Dec 16, 2018 $9.82 Nov 29, 2017 $9.82
Dec 23, 2018 $9.82 Nov 29, 2017 $9.82
Dec 30, 2018 $9.82 Nov 29, 2017 $9.82
Jan 6, 2019 $9.82 Nov 29, 2017 $9.82
Jan 13, 2019 $9.82 Nov 29, 2017 $9.82
Jan 20, 2019 $9.82 Nov 29, 2017 $9.82
Jan 27, 2019 $9.82 Nov 29, 2017 $9.82
Feb 3, 2019 $9.82 Nov 29, 2017 $9.82
Feb 10, 2019 $9.82 Nov 29, 2017 $9.82
Feb 17, 2019 $9.82 Nov 29, 2017 $9.82
Feb 24, 2019 $9.82 Nov 29, 2017 $9.82
Mar 3, 2019 $9.82 Nov 29, 2017 $9.82
Mar 10, 2019 $9.82 Nov 29, 2017 $9.82
Mar 17, 2019 $9.82 Nov 29, 2017 $9.82
Mar 24, 2019 $9.82 Nov 29, 2017 $9.82
Mar 31, 2019 $9.82 Nov 29, 2017 $9.82
Apr 7, 2019 $9.82 Nov 29, 2017 $9.82
Apr 14, 2019 $9.82 Nov 29, 2017 $9.82
Apr 21, 2019 $9.82 Nov 29, 2017 $9.82
Apr 28, 2019 $9.82 Nov 29, 2017 $9.82
May 5, 2019 $9.82 Nov 29, 2017 $9.82
May 12, 2019 $9.82 Nov 29, 2017 $9.82
May 19, 2019 $9.82 Nov 29, 2017 $9.82
May 26, 2019 $9.82 Nov 29, 2017 $9.82
Jun 2, 2019 $9.82 Nov 29, 2017 $9.82
Jun 9, 2019 $9.82 Nov 29, 2017 $9.82
Jun 16, 2019 $9.82 Nov 29, 2017 $9.82
Jun 23, 2019 $9.82 Nov 29, 2017 $9.82
Jun 30, 2019 $9.82 Nov 29, 2017 $9.82
Jul 7, 2019 $9.82 Nov 29, 2017 $9.82
Jul 14, 2019 $9.82 Nov 29, 2017 $9.82
Jul 21, 2019 $9.82 Nov 29, 2017 $9.82
Jul 28, 2019 $6.20 Nov 29, 2017 $6.20

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