Entrepreneur
Name
John
Member since
April 2015
On-time repayments
184 installments • 82%
About Me
Growing up at the foot of the Aberdare ranges, my teacher instilled in me a desire to excel in whatever i do all through my education life i have aspired to do this. Even when odds ad obstacles hindered me i pressed on by working hard in whatever job i found myself in enabling me overcome. With increased demands of life a business seemed a good way to start o. However despite failure i pressed on. You can achieve anything as long as you put your mind to it. this is my motto
My Business
Vermiculture and Purchase of Feed making inputs and Equipment
AS enumerated in different researches Agriculture continues to be an essential sector as it offers food, employment opportunities and income to many people both in the urban and rural areas. The sector is divided into more than one subsector namely; livestock sub-sector, crop-subsector, the manufacturing sector, the service sector among others. All these sectors play a pivotal role in ensuring that the agricultural sector continues to grow. The livestock sector, one of the important sectors, improves nutrition by providing households with eggs, meat and creation of employment opportunities. Small scale poultry farming, an essential category in the livestock sub-sector, can provide positive spiral events that will not only improve the nutrition but also lead the rural households out of poverty. Moreover, it can be used to empower women whose integral role in farming households of bearing most of the responsibilities for household food security and income is crucial. Interventions aimed at improving smallholders and especially women capacity to produce poultry places them at a pivotal position to play a great role in meeting food demand.
Main challenge is feed production and utilization
The loan is intended to purchase feed making inputs and equipment. These will be used in starting up a small feed production center combined with training smallholder farmers on the use of insects and worms as important supplements to poultry production as well as the economics of production especially for small livestock such as poultry. The funds will also be used to set up a mini demonstration site on insect rearing to help the farmers learn how to rear the insects for poultry feed and where excess sell to the other poultry farmers.
Revenue comes from training cost, sale of mini-kits for insect rearing and sale of the manufactured feed to smallholder farmers at an affordable price.
Loan Proposal
After Acquiring the previous loan i developed a good structure for the poultry by ensuring that it is well ventilated and covered to protect against vermin and other predators. However the floor is wet and requires cementing and placement of warm bedding to allow birds produce efficiently.
The Money will be used to buy the following
1. 10bags cement US$ @8per bag =US$ 80.00
2. 2-7tonne lorries Ballast US$ @50 per lorry=US$ 100.00
3. 2-7tonne lorries sand US$ @50 per lorry=US$ 100.00
4. 1- 7tonne lorry hardcore US$ @40 per lorry=US$ 40.00
5. 5-days labour US$ @16 per lorry=US$ 70.00
Total =US$ 390.00
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$394.00
Date disbursed
Dec 1, 2015
Repayment status
On Time
Projected term
7 months
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Summary
Amount repaid
$414.15
Amount remaining
$0.00
Date repaid
Aug 1, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 13, 2015 | $25.00 | Dec 14, 2015 | $25.00 |
| Dec 20, 2015 | $25.00 | Dec 22, 2015 | $25.00 |
| Dec 27, 2015 | $25.00 | Dec 28, 2015 | $25.00 |
| Jan 3, 2016 | $25.00 | Jan 4, 2016 | $25.00 |
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $5.00 | Jan 25, 2016 | $5.00 |
| Jan 31, 2016 | $5.00 | Feb 2, 2016 | $5.00 |
| Feb 7, 2016 | $5.00 | Feb 9, 2016 | $5.00 |
| Feb 14, 2016 | $5.00 | Feb 19, 2016 | $5.00 |
| Feb 21, 2016 | $5.00 | Mar 3, 2016 | $5.00 |
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $2.00 | Mar 24, 2016 | $2.00 |
| Mar 27, 2016 | $2.00 | Mar 29, 2016 | $2.00 |
| Apr 3, 2016 | $2.00 | Apr 4, 2016 | $2.00 |
| Apr 10, 2016 | $2.00 | Apr 11, 2016 | $2.00 |
| Apr 17, 2016 | $2.00 | Apr 18, 2016 | $2.00 |
| Apr 24, 2016 | $2.00 | May 2, 2016 | $2.00 |
| May 1, 2016 | $2.00 | May 12, 2016 | $2.00 |
| May 8, 2016 | $2.00 | May 12, 2016 | $2.00 |
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $5.00 | May 28, 2016 | $5.00 |
| May 29, 2016 | $5.00 | May 31, 2016 | $5.00 |
| Jun 5, 2016 | $5.00 | Jun 17, 2016 | $5.00 |
| Jun 12, 2016 | $5.00 | Jun 24, 2016 | $5.00 |
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $2.00 | Jul 4, 2016 | $2.00 |
| Jul 10, 2016 | $50.00 | Jul 13, 2016 | $50.00 |
| Jul 17, 2016 | $50.00 | Jul 19, 2016 | $50.00 |
| Jul 24, 2016 | $50.00 | Jul 26, 2016 | $50.00 |
| Jul 31, 2016 | $101.15 | Aug 1, 2016 | $101.15 |
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