Add more livestock ti boost my business

Ruth

Allego, Kenya

100% repaid

Entrepreneur

Name

Ruth

Member since

June 2016

On-time repayments

118 installments  •  32%

About Me

Hi everyone, i am Ruth Oguwi born in Nyanza in area popularly known as Alego in Siaya district. I attended my primary school in the village but was unfortunate not to finish due to my parents background. I come from a humble background where we struggle to make ends meet.I have lived most of my life without my parents this meant that i had to struggle on my own to survive. Most of thr times i used to prepare farms for people anf i get paid on a daily basis. Those days it was usually a wage of 0.7USD nowadays people get paid 1USD to 2USD. I did this for a long time in the village with the advantage of nit paying rent as i was living in our homeland. It came a time when i decided to venture into something different and this is when i got an opportunity to become a maid in one of the able homes. I have been working as a maid for more than 10 years now and this is what gave me thr chance to buy one of my cows after saving for quite a while because i staying where i was working and food and shelter provided. So had the chance to save after being paid.It is now that i have heard about Zidisha and thought about making my business grow as i usually buy thrn sell at a profit but just what my funds allow me to.

My Business

I am in the livsetock business. I buy livestock from the market at a certain price and sell at a profit. I started a while a go buying one little calf @50USD and sold it later on after 2yrs @160USD.Then i thought to myself what if i could be buying them and sell them to the market over a short period of time? Then another thought came as an answer to myself that i would need a bigger capital to buy a couple of them so that when i take them to the market i would make sensible profits. Those were the days when livestock was fair price, but now with the growing economy everything has shot up. A calf i bought a while ago @50USD is now 12USD. This is what i do, in accordance to the funds i get. I wait until the lowest season arrives this is when livestock prices have gone down and this is usually January. Then later on dhring the high seasons take them to the market. I usually make some profits but of course not comparable to when i would be having them in large numbers.However after coming to know about Zidisha my hopes of doing it big in this business has really grown because it really means something to me and i know everything is possible. My target is to be taking around 10 cows to the market at a go which am targeting to buy @150USD each and later sell at @180USD so that would mean i would need 1500USD to see my dream come true and that would be really good for my business, with the hope of becoming livestock distributor around my area so that all those brokers who go to the market would just come to me and buy from me at wholesale and sale them at retail in the market.

Loan Proposal

I am in the livsetock business. I buy livestock from the market at a certain price and sell at a profit. I started a while a go buying one little calf @50USD and sold it later on after 2yrs @160USD.Then i thought to myself what if i could be buying them and sell them to the market over a short period of time? Then another thought came as an answer to myself that i would need a bigger capital to buy a couple of them so that when i take them to the market i would make sensible profits. Those were the days when livestock was fair price, but now with the growing economy everything has shot up. A calf i bought a while ago @50USD is now 12USD. This is what i do, in accordance to the funds i get. I wait until the lowest season arrives this is when livestock prices have gone down and this is usually January. Then later on dhring the high seasons take them to the market. I usually make some profits but of course not comparable to when i would be having them in large numbers.However after coming to know about Zidisha my hopes of doing it big in this business has really grown because it really means something to me and i know everything is possible. My target is to be taking around 10 cows to the market at a go which am targeting to buy @150USD each and later sell at @180USD so that would mean i would need 1500USD to see my dream come true and that would be really good for my business, with the hope of becoming livestock distributor around my area so that all those brokers who go to the market would just come to me and buy from me at wholesale and sale them at retail in the market.

Feedback

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  • Margaret    Nov 23, 2018

    Ruth has not made any payments towards her loan in over a year.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

18 months

Other loans

Lenders

PG

Paul Graham

United States

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