Food for my cow

Dickson Wafula

Bungoma Netima Village, Kenya

100% repaid

Entrepreneur

Name

Dickson Wafula

Member since

August 2015

On-time repayments

284 installments  •  77%

About Me

An upcoming commercial agribusinesses entrepreneur with a passion for the less fortunate in the society.
having registered Lowell investments limited.with a vision of being one of the most sustainable agribusiness in Africa. its mission is to empower and eradicate poverty in the rural areas
Having being brought up in a poor family ,where we struggled to get to school or even a meal in a day.i feel for the vulnerable in the society especially the children and mothers.. hence the project to assist in employment and health.

My Business

The last Loan i took improved food production for the cow through use of Hydroponic Feeding.
It increased the level of milk from 4 litres to 6 litres per day which led to the increase of sales hence faster loan repayment.

Covid pandemic came with so many challenges with money disposal in peoples pockets was less.
The cost of raw materials also shoot and cost of labor too hence sales volumes decreased and repayment levels also went down
We thank God the Economy has started picking and now sales are picking up

We produced clean hygienic milk that every member of the society would literally compete for the 6 litres
We as a family the milk improved our diet hence good health to the family

The Next loan i still need to scale up on production of feeds/forage and silage.
Drought is very key challenge hence more food production is required to cater for the dry spell
plus Covid Effects still being felt

Summary on How cash/loan will be used
Repairs of Hydroponic stalls-$50
Buying of barley/wheat/sorghum seeds -$200
Buying of Chemicals- $ 50
Labour-$ 50
Miscellaneous Expenses-$20
Veterinary cost $ 50
Dairy Equipments-$50
Minerals/supplements-$50
Dairy Meal-$-120

Loan Proposal

I managed to buy a dairy cow from my savings and now it has given birth to a calf.Production of milk is very low 4 litres per day.Given that raw milk per litre is going for KES 60 on retail market while to the processors is between 27 to 32/= per litre this cant be able to break even.
240/= per day as sales
cost of food is 500/= per day loss per day is 260/=
so i need to increase the production of milk to 15litres per day.so i need aggresive daily balanced feed or increase the number of dairy cows.
i have started practicing hydroponic feeding to enhance production of the current cow and later on buy more dairy cows
On this perspective thats why i need a loan to facilitate hydroponic feeding where i can have enough food for the cow to produce 15 to 20 litres a day to break even and get a gross profit of 400 /= per day and expecting 300/= as net profit per day

Feedback

1

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  • mabo    Apr 28, 2018

    Thanks Dickson Wafula, and good luck for all your future projects!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.22

Date disbursed

Nov 29, 2015

Repayment status

On Time

Projected term

42 months

Cost to entrepreneur

Service fee: $8.31

Lenders

M

marvin24

Giessen, Germany

C

cjmenchaca

Austin, United States

E

erogers

Vancouver, Canada

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Anto82

Eraclea, Italy

B

BMcDermott

Washington, DC, United States

J

jumpfunky

Dortmund, Germany

dlpringle

Denver, United States

M

martyb

United States

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

Matthias Schulz

Berlin, Germany, Germany

J

JohnFord

Australia

D

djlayton4

United States

Peter R

Fulda, Germany

DR

Derek R

Australia

H

Hakon

Drammen, Norway

Kate Courteau

United States

JD

Jeff DePree

United States

PG

Paul Graham

United States

Akirahugo

Dortmund, Germany

AK

Achim Königs

Bonn, Germany

I

isaac

United Kingdom

GS

G S

Switzerland

JC

juli camrud

United States

M

Magnus

Switzerland

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