Dairy farming project for my college fees

Entrepreneur

About Me

I am a young lady pursuing a bachelor’s degree in education in a government-sponsored university in Kenya. I grew up without many challenges but my life took a turn for the worst when my guardian - my grandfather - passed on. It is then that raising my school fees became a problem because my mother (a single mum) could not afford to pay my schools fees together with that of my siblings. Actually, I had to report for admission to the university late by a whole year due to fees issues. After a year of these difficulties, I – with the support of my mother and uncles – started dairy farming and chicken rearing. I turned gifts (which I got from friends and relatives for performing well in my final secondary exams) into assets for these two ventures. Because these activities are not labor-intensive, my mother is able to sew clothes (which is her means of livelihood) as well as tend to my cattle and chickens when I am in school. It is challenging to balance school and business but somehow I cope. I think diligence, compassion, friendliness, and honesty largely defines the people in my area. I come from a highland area with lots of rain and farming is a way of live. Tea and coffee farming, food crop farming and livestock keeping are widely practiced in my area. Agriculture is the main source of people’s livelihood in the area and has enabled many families to educate their children and improve their livelihood.

My Business

My main business engagement is dairy farming. On average, my cattle produces 10 liters of milk daily, which translates to a daily income of 500 KES (US$6) or 15,000 KES (US$170) per month. I do not factor the cost of feeds because most of it is obtained free. Ly incur costs of labor because my mother mostly feeds the cattle. For the chicken rearing business, I get income from selling eggs. Typical monthly income for selling eggs is 10,000 KES (US$120).

Loan Proposal

I am seeking the loan so as to reduce the financial pressure I am experiencing arising from the need to pay my school fees as well as sustain my income generating activities. I plan to purchase 2 bags of feed supplement at 2800 KES each for my cattle and one bag of Layers mash at 3000 KES. These feeds will cause a 25% increase in production for the cattle. In case of the chickens, they need layers mash to lay eggs regularly. By the time I am reporting back to campus, I will have made some money for my school fees and upkeep. I guarantee I will be able to repay the loan because, one, my projects generate income and during the holidays I am usually offered a teaching job at a local school.

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