Dairy farming

Shadrack

Rongai, Kenya

100% repaid

Entrepreneur

Name

Shadrack

Member since

September 2013

On-time repayments

349 installments  •  68%

About Me

MY STORY
My name is Shadrack, reside in Rongai, Nakuru. I am married with two children. Currently I am employed as a civil servant in Nakuru County.
Despite being employed, I noticed that I could not meet all my rising needs thus I decided to engage in Dairy farming and more so though difficult I bought 2 plots. My main target is to start building rental rooms and I have started by buying materials i.e. stones worth US 1,041 from my savings. God willing I intend to start this work before the end of this year, of which after completing I am sure to reap good money.

My Business

As indicated in my story, I engage in dairy farming which earns me some income which caters for some needs and bills e.g water and electricity. I also do some farming for my home consumption.
My anticipated rental rooms which are on a prime area i.e. Nakuru-Eldoret high way will give me enough income to cater for my children’s' school fees and to expand this business by buying other plots for the same.
To rent one room costs Ksh. US.23 x 10 rooms = 230 per month for 1 plot. Therefore If I finish the two plots building it will earn me US. 463 per month. Of course this is good money even to repay my loan and have extras.
The challenge to this project is now the money to buy cement and for the mason.
Before I finish these rooms I will use my salary to repay my loan.

Loan Proposal

Having notedone that dairy farming earns good income I opted to engage myself fully. I also rear bulls for meat because I got a tender to supply a nearby school
at leaSt one per week.
I normally buy at a lowere price when they are young. I rear them waiting the supply.
I make a good profit of about ksh 3000-6000 depending on the weight of the bull.
Therefore my anticipated loan will partly be used to renovate my dairy shed and the rest buy small calf's for rearing.
I do hope betweven 8-10 months I will be selling the same at good price.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$422.00

Date disbursed

Sep 1, 2016

Repayment status

On Time

Projected term

20 months

Lenders

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

Franmiguel

Perth, Australia

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

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