Dairy products

Francis Wanyonyi

Kitale, Kenya

100% repaid

Entrepreneur

Name

Francis Wanyonyi

Member since

April 2018

On-time repayments

31 installments  •  39%

About Me

I was born in early 1980s, being number nine in family of 15 siblings. My father was a peasant farmer on one acre farm. We didn't get enough from the farm to sustain us for a year. We worked on peoples farm to meet our family needs. My mother was a house wife.
I went to village school, both primary and secondary. My parents could not raise my fee for a boarding school. Secondary school fees was paid through manual services rendered to the school by my father. I also used to bake bricks together with my brothers during holidays and evening after school to raise our fees.
With all the challenges we managed as a family by working hard in every activity i was involved in. My objective was to change the state of our family and the community. I am sure am on the right path of salvaging my people from poverty.
I entered into farming (commercial crop production), producing maize after selling some bricks i baked on my fathers land. I later bought a poshomill for milling maize i get from farming before i sell it as flour.
The land i stay is very viable in business line. High population, good security, easily accessible and market gaps not fully exploited.
I have two children, my first borne daughter in grade one dreams of being a pilot.
My free time is more spent on research about business world and social development. My uniqueness is persistent and hard work.

My Business

I have a double business. I produce maize and I also mill maize I produce.
Maize (ugali) is a staple food to my community and that's why it's on high demand.
I chose it as it is simple to start and easy to manage. Returns are also guaranteed.
Costs include leasing of land, tilling, labour on services required, transportation, electricity bill.
Revenues include selling of maize cereals, maize flour and profit on maize mill.
Profit is ploughed back into the business and some paying for fees and food.

Loan Proposal

To be self reliant, I want to plant some fodder to supplement commercial feeds I buy from agrovet. I need some cash for hiring labour and buying the required inputs. I plan to add another dairy Cow if I will be able to grow my own feeds.

Income Source

Dairy farming has less risk as compared to other businesses. By ensuring good animal health, proper/enough feeds and good hygiene output is guaranteed. Market for Milk is readily available as I leave close to town where 90% of families depends on buying milk so I am sure I will be able to sell and eventually repay the loan successfully.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 31, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $8.85

Credit risk payment: $8.85

Optional expediting fee: $8.85

Lenders

PaulE

Cockeysville, MD, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

Jason

Auckland, New Zealand

A

AndrewC

London, United Kingdom

ibc123

Seattle, United States

sderickson

Berkeley, CA, United States

B

bscent

Hong Kong

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

MW

Matt Willis

United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

TH

tom hd

United Kingdom

Aran Dunlop

United States

B

BSM

France

Hans Moor

Vorden, Netherlands

TL

Tao Luo

United States

Michael Bauschke

Dresden, Germany

KP

Keith Penrod

United States

C

Chris

United Arab Emirates

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