Entrepreneur
Name
Phibianah Mwasi
Member since
January 2015
On-time repayments
322 installments • 82%
About Me
My name is Phibi, a mother of two - children aged 8 and 1 year old. I was born in the coast region of Kenya. I was born and bred in Taita county near the coast of Kenya. I was educated up to secondary level and then went to the city of Mombasa for college education.
While in Mombasa, I did a course in hospitality and computerized secretary. I later got a job in a transport firm and I worked there until 2010 when I quit to start livestock farming. I decided to quit my formal employment to break the monotony of doing routine work day in out.
I am a hard working woman with a sharp focus of raising my kids well by providing them with quality education as well as securing their future.
My Business
I started livestock business some five years ago. I do this activity on my acre piece of land which I bought with my savings when I was employed. I started this activity since I realized there was a need to supply fresh milk to my neighbors who used to rely on processed milk which is expensive and treated with preserving chemicals.
I have managed to increase my herd of cows to 4 heads and they produce milk which fetch around $650 per month. The monthly expenses go up to around $350 thus leaving me with a profit of $300. I use this money for my supporting my family.
Loan Proposal
I lost my two dairy cows this year due to disease that ravaged my region. I want to get back to dairy farming by buying an in-calf cow that will give birth in three months time. I have already identified a seller and the cow will cost USD 800.
The importance of having dairy cows in addition to my other crop farming activities is that I will be assured of daily income from the milk as opposed to crop farming where I have to wait for a long time before harvesting.
I also hope to benefit from the cows manure since I do organic farming in my piece of land.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$941.15
Date disbursed
Jan 8, 2019
Repayment status
Late
Projected term
32 months
Cost to entrepreneur
Service fee: $36.54
Credit risk payment:
$219.23
Lenders
Charlottesville, United States
Gammalkil, Sweden
Amsterdam, Netherlands
Germany
Halifax, United Kingdom
United States
Luxembourg
Australia
Denmark
London, United Kingdom
Germany
United States
United States
Hamburg, Germany
Denmark
United States
United States
United States
Germany
United Kingdom
United States
Antwerpen, Belgium
United States
United States
United States
Norway
United States
United States
Germany
Spain
Sweden
Belgium
China
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