Buying cattle feed in bulk
Eluas Itenyi
Free Area, Kenya
100% repaid
Entrepreneur
Name
Eluas Itenyi
Member since
February 2015
On-time repayments
127 installments • 84%
About Me
I am Eluas Itenyi Misango born and raised in the western part of Kenya, Kakamega County. I was born in a family of ten children, six girls and four boys, two have already dead. I spent my childhood in western Kenya and that is where I did my schooling. I am married and have five children, two boys and three girls. The first born is in College, the other two girls and one boy are in high school. The last born is still in primary School.
My childhood had a lot of challenges from home to schooling. We used to work hard after school and during holidays in order to help our parents in the farm. At times it was hard to be in school all the time because at times we never had school fees.
I came to Nakuru county in the year 1990, since then I have lived here. I am currently employed at a Bible school. We live in a cosmopolitan therefore have diverse in culture and the way people do things
My Business
Having some experience in the dairy farming and from the proceeds that are coming from my one cow, i see it is wise to add another one. The cow that I have has been doing very well and I want to grow bit by bit. Having gotten money from Zidisha and managed to buy bulky feeds it has enabled me to be able to lower my cost of production from Kshs. 300/- per day to Kshs. 250/- per day.
I have made a savings of Kshs. 20,000/- from the milk sales and from my employment in order to buy another cow which will cost Kshs. 40,000/-. Therefore I am looking forward to obtaining a loan of Kshs. 20,000/-.
I know with good management and better practices, I will improve the production hence my daily income.
Loan Proposal
I plan to buy hay 30 bales @ USD 2.84 totalling to USD 85.22. A 20 kilograms bucket of mineral supplements @ USD 25. The Total is USD 110.22
According to my calculation, this will push the cost of production down by USD 0.57 per day, instead of using USD 3.4 per day on feeds per day, I will use USD 2.84. I will increase my profit to USD 17.1 per month.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 24, 2015
Repayment status
On Time
Projected term
8 months
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