284 installments • 77%
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.
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
Veterinary cost $ 50
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
Nov 29, 2015
Cost to entrepreneur
Service fee: $8.31