Car

Robert Langat

Jericho, Kenya

100% repaid

Entrepreneur

Name

Robert Langat

Member since

March 2016

On-time repayments

255 installments  •  47%

About Me

Am kenyan citizen born in a small village called Kipkelat, in Mogor sub location ,Chebunyo Ward..Bomet county. I grew up in a farming background where my parents are good in dairy farming !
I had a never- dying dream of becoming a dairy farmer like my parents and i have had a promising attitude of achieving the same .
After my education i was able to put up some saving and started with one dairy cow which has given me hope for the future. the unique culture is the believe that my community has the cows as their main business but i challenge this by bringing in the dairy breed which can be kept in a small piece of land.
I have been telling and taking my child through the needs of being a good dairy farmer as his other income after finishing his education.
My part time hobby is ensuring my dairy cows are well fed, milked and watching documentaries about successful dairy farmers . Playing football and visiting the needy

My Business

My Business Mainly is Milk Production ,, But after the past Loan . i acquired a Car which i now use to deliver My Milk Produce to the nearest Dairy plant at a cheaper cost and also charge a fee of 0.05$ per to transport my neighbours produce . translating to 0.05$*90(From Farmers)= 4.5 $ per day *25days=112.5$ for transport Only .
Milk is used Mainly for Domestic purposes hence making it the most demanded Product in the Market.. I chose it because its implementation is naturally acceptable and easy.. As at Now am able to get 50 litres of Milk per day ie
50Ltrs*0.4$/lt=20$
20$*25days=500$+112.5$ (from Transport Business)
=612.5$
I use the profit to pay for Two kids School fees, Buy dairy meal and Purchase High Standard AI for my dairy cows so as to Get High Quality Breed.
Then i will have to employ more workers to add on the Two i have Now hence helping the society at large.

Loan Proposal

I Have bought a car which i want to use to transport my Milk from the Farm to the cooling Plant.. in doing so i will have save and Extra Ksh 2 in every litre i supply.. ie
2*50=100
100*25=2500 Ksh
The income will boost my capability to increase the Animal feeds hence boosting the yield.
The same car i am using to ferry other farmers Milk at a cost of 2 per litre . The capacity will do 200 litres hence my income marging will increase as follows ...
200*2=400
400*25=10000
this means i will earning an extra 10,000 monthly which will be a good turn over .
i will appreciate your assistance.
Thanks

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$561.28

Date disbursed

May 6, 2017

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $23.63

Lenders

AltruisticSelfishnes

Chicago, United States

T

Tallago3

Munich, Germany

PeteMx

Los Angeles CA,, United States

Tavin

Ottawa, Canada

ads68

Melbourne, Australia

Christopher

Copenhagen, Denmark

A

Andy

Berlin, United States

mikeice

Kohler, United States

FrancoisGarcia

Montreal, Canada

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

S

Stephan

Netherlands

R

Robert

Berlin, Germany

Francoise Kuenzi

Neuchâtel, Switzerland

E

erica

antwerpen, Belgium

PG

Paul Graham

United States

J

Juan

Netherlands

N

Nick

United States

Paul Smithson

Leeds, United Kingdom

C

Carlene

United States

Sinan Taifour

Munich, Germany, Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

RG

Ryan Gough

United States

K

Kyle

Durban, United Kingdom

The X2AI Team

San Francisco, United States

Alex

Ohio, United States

Salvatore Martello

New York, New York, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

afaness

Germany

BN

Bence Nagy

Czech Republic

A

Alex

United States

John Barnett

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

M

Mark

United States

Ask Robert a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...