Additional hybrid dairy cow

Arlington Omushieni

Kiamuyeki, Kenya

100% repaid

Entrepreneur

Name

Arlington Omushieni

Member since

March 2016

On-time repayments

205 installments  •  52%

About Me

This is my third loan-funding attempt after the first one and second was only funded and expired at 6% and another expired at 20%. This could not have achieved what I had planned and this is the reason am applying again.

My name is Arlington Omushieni a retired civil servant who wants to venture to commercial indigenous poultry project. I decided to venture into this avenue as it has promising rewards in our locality.

I also plan to expand later and start incubation process and feed mixing business. The chicks will be sold locally and the feeds to my neighbors and God willing to the whole country.

My Business

I will be selling chicken meat, eggs and at a later stage chicks. This will not only be enough to repay the loan but allow for some saving as well. As the business expands i intend to venture into agro-processing whereby i will slaughter and package poultry meat for the market, process poultry manure to contribute towards promotion of organic farming and reduce green house gases.

I am now applying my second loan through Zidisha to enable diversify to dairy farming. The first loan was very helpful because, I have been able to be self sufficient in chicken eggs and poultry meat, which am able to sell the surplus to my neighborhood.

I am planning to buy a one and half year old heifer which I will tend and serve it when it's two years. After 9 months, I will be having a calf and the cow which will be producing milk for both my consumption and selling.

Subsequently, I will keep adding a cow every year for another two or three years.

This together with the poultry business will have enable me pay school fees for my children and save the rest.

I trust that Zidisha will enable me achieve my dreams.

I now want to apply for third loan after successfully repaying my second one. I want to buy another cow to increase my dairy herd. Dairy farming in my country is a lucrative and has bright future ahead that can transform one's financial capabilities.

This is my 4th Zidisha loan that I am apply to upgrade my livestock business as it has proved to be lucrative and since I started with the profits have been steadily raising by about 60% every calving season, in addition to having a large herd.1```

This is my fifth loan from Zidisha . The funds have helped me to expand my business. I intend to use this particular loan to purchase and add another heifer to increase my dairy herd.

The loan am applying for will be used to expand my dairy herd by purchasing an additional heifer to increase milk production by 20 per cent

Loan Proposal

I am planning to start integrating a better variety of hybrid cows and slowly upgrade the current herd that I started with.

The reasons for this is that, with the hybrid variety, the food consumption conversion ratio is much better than the other local breeds and with time, I will eliminate the local breed and concentrate with the better breeds.

The hybrid will yield more milk and the have a better resale value compared to this other ones.

The loan amount will be used as follows:- $800 for a good hybrid cow and $30 for molasses and dairy meal for the new cow, the other herd have their own needs well catered for.

The total amount will therefore be about $830. As always, I promise all zidisha lenders will to assist in my loan funding that I will repay all my loan diligently.

Arlington.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$826.20

Date disbursed

Aug 16, 2017

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $34.73

Lenders

B

bscent

Hong Kong

PG

Paul Graham

United States

BS

Brandon S

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

A

Anonymous

United States

I

Ivan

New York, United States

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