Animal feeds

Entrepreneur

About Me

I am a Kenyan aged 29 years and hold a Bachelor of Arts (Economics, with IT) degree from Maseno University. On top of this I have CPA Section five qualifications. Previously, I have served as Accounts Assistant at Stoke Insurance Agency and as a Research Assistant at Digital Archives LTD. Most recently, I served as Agent Banking Consultant with Kenya Commercial Bank stationed at Gilgil Branch. I resigned from employment to start a business which is my passion and also make a positive impact to the local community. The experience that I have acquired during my working life has sharpened my entrepreneurial skills.

My Business

I started engaging in business while still in college where I would offer printing and photocopying services to students. After college, I became actively employed in different organizations until I realized that I had a passion in business and not employment and hence my resignation. Currently am engaged in dairy farming at the outskirts of Nakuru town. The population of Nakuru town has risen tremendously especially after Post election violence of 2008. The high population has made the demand of milk to go high; the current production do not satisfy the market. Having realized that, I sought ways of increasing production of milk and hence my income. The most important thing is to improve my herd by rearing high quality breed of cows and feeding them appropriately. The greatest challenge I am facing in dairy farming business is high cost of dairy feeds especially during dry periods. If I could access cheap funds, I will purchase hays and keep stock to feed my cows during dry spells. I, therefore request for a credit facility that would not only see my dream come true but also create employment opportunity for youths in my locality. Revenue from the sale of milk for 2 cows per month is Ksh. 35,000. Total expenses per month include salaries and wages Ksh. 4,000, Dairy feeds Ksh. 10,000 and medicines and pesticides Ksh. 3,000. The net cash flow from dairy farming business is Ksh. 18,000.

Loan Proposal

Dear lenders,
I once again thank you for walking with me in my farming business. This is my third loan with Zidisha and I must say if not for the organization my business would not be where it is today. The organization has enabled me acquire 2 cows and build a modern cow shed.
I am requesting a loan of about $420. The loan will be used to buy and stock enough feeds for my cows. The weather patterns have drastically changed and thus making farming unpredictable. Therefore I seek a loan to enable me buy feeds during this rainy seasons. The cost of hay is about $250, the cost of rehabilitating the silage for storing the green fodder is $150 and the cost of logistics is $20.
The loan will help in saving costs since the animal feeds are cheap during this season as opposed in buying them during dry seasons. This will in turn make my business more profitable and thus improving the livelihood of my family. Thank you as you consider my request.

Regards,
Paul Waweru

Feedback

Loan Info

Lenders