Dairy goat purchase

Entrepreneur

About Me

I am a 38 years old married man with two daughters; the elder one being 10years and the younger one four years old. I work in Sales . I am also a committed Christian and Church elder.

I have a Bachelor of Commerce degree, which equips me with entrepreneurial skills.

I wish to get a loan to improve my livestock farming, i.e. to buy dairy goats to add onto my flock. I started a livestock farming project in Embu about a year ago, currently with five ordinary/non-dairy goats, and ten chicken. In the long term, I also hope to diversify my dairy farming to include dairy cattle, and farther in future extend to a milk processing plant, commercial biogas, and marketing of the same.

Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.

My wife recently opened a kindergarten business, which I have been funding from my monthly salary. I also pay school fees for my two daughters, and support two orphaned nieces with their school fees and general upkeep, which leaves me a bit strained financially.

Your financing towards my loan application will go a long way in ensuring that I am financially stable, and able to support them more effectively.

My Business

I am employed in the sales department, which makes it easy for me to repay the loan on monthly instalments.

My intended business is dairy farming. I have began with dairy goat farming, planning to eventually expand to dairy cattle, and in the long term a milk processing plant, and commercial biogas.

Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.

Loan Proposal

I intend to topup my current savings to buy a dairy goat worth $ 235.

Dairy goat milk currently retails at approx. $ 3, with one dairy goat producing 3 litres per day. This will therefore give $ 9 per day, which totals up to $ 270 per month.

Goat milk is a rare commodity which is prescribed mainly to diabetes patients, due to its high medicinal value. I will therefore be seeking to ensure sufficient supply of the commodity to the surrounding community.

I am employed on a sales position, hence I will be able to repay the amount loaned from my salary.

I will afterwards gradually grow my flock over time to 20 dairy goats which will supply 60 litres daily, which will fetch $ 180 daily, and $ 5,400 per month. At that stage, I will also be able to transition my Zidisha profile from borrower, to lender and help others grow.

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