Construct a cowshed and buy a heifer to add dairy farming at my farm
David
Nairobi, Kenya
100% repaid
Entrepreneur
Name
David
Member since
June 2015
On-time repayments
303 installments • 98%
About Me
I was born in a rural town in Kenya called Machakos. I spent most of my early childhood observing my grandparents as they did farming, though at that time most it was mostly subsistence farming. It's from this that I grew to love farming. Even after moving to the city, I still had that passion. That is why I took on farming as a hobby and eventually I have turned it into a money making venture.
I'm an information system administrator in the hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements. I'm a qualified Computer technician and hold a diploma in computing from NCC education level 4 (QCF).
My Business
At the moment, I'm doing horticulture farming i.e., tomatoes and corianders as well as maize farming. Basically, I farm anything which is in the season and which has the prospect of giving me a good return. Initially, I was doing this as a hobby but after seeing that it gives good returns, I turned it into a business. Currently, I have employed several people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery I need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
As I had mentioned earlier, I want to venture also into dairy farming but, in order to start it off, I need to build a cowshed and buy a heifer. The money I get from this loan I will top up with my small savings to start it off. The cost of constructing the cowshed is about $400 and the heifer will cost $800. The initial cost of running it I estimate to be $200 in the first month.
About Me
I was born in rural town in Kenya called Machakos and spent most of my early childhood observing my grandparents as they do farming though at that time most it was mostly subsistence farming. Its from this I grew to love farming and even after moving to the city I still had that passion. That is why I took farming as hobby and eventually I have turn into in to a money making venture.
I'm an Information system administrator in hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements.
I'm a qualified Computer technician with and holds a diploma in Computing from NCC education level 4 (QCF).
My Business
At the moment I'm doing horticulture farming I.e Tomatoes and corianders as well as Maize farming. Basically I farming anything which is in the season and which has prospect of give me a good return.
Initially I was doing this as hobby but after see that it gives good returns I turn it into a business. currently have employed severals people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
As I had mentioned earlier I want to venture also in dairy farming but in order to start it off I need to build cowshed and buy a heifer. the money I get from this loan I will top it up with my small savings to start it off. The cost of contracting the cow shade is about 400$ and the heifer will cost 800$. Initial cost of running it I estimate it to be 200$ in the first month.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$978.00
Date disbursed
Apr 8, 2017
Repayment status
On Time
Projected term
16 months
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