Buy a second dairy goat

Entrepreneur

About Me

I am a 38 years old married man with two daughters; the elder one being 10years and the younger one four years old. I work in Sales . I am also a committed Christian and Church elder.

I have a Bachelor of Commerce degree, which equips me with entrepreneurial skills.

I wish to get a loan to improve my livestock farming, i.e. to buy dairy goats to add onto my flock. I started a livestock farming project in Embu about a year ago, currently with five ordinary/non-dairy goats, and ten chicken. In the long term, I also hope to diversify my dairy farming to include dairy cattle, and farther in future extend to a milk processing plant, commercial biogas, and marketing of the same.

Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.

My wife recently opened a kindergarten business, which I have been funding from my monthly salary. I also pay school fees for my two daughters, and support two orphaned nieces with their school fees and general upkeep, which leaves me a bit strained financially.

Your financing towards my loan application will go a long way in ensuring that I am financially stable, and able to support them more effectively.

My Business

I am employed in the sales department, which makes it easy for me to repay the loan on monthly instalments.

My intended business is dairy farming. I have began with dairy goat farming, planning to eventually expand to dairy cattle, and in the long term a milk processing plant, and commercial biogas.

Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.

Loan Proposal

Thanks to all lenders who lend me the first loan. I'm glad to apply for a second loan after successfully repaying the first one. With the first loan I was able to purchase my first Dairy goat which cost USD 210 which I topped up from the loan I got.

I wish to apply for another USD 50 which I intend to use to buy a second Dairy goat since my plan is to buy dairy goats to add to the ordinary goats that I already have. The dairy goats are for the purpose of supplying milk to the community in Embu District and possibly beyond since this is in high demand but very minimal supply currently. This is the gap I wish to bridge.

I appeal to lenders to lend me this amount in order to top up the USD 160 that I have as savings in order to buy the second dairy goat.

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