Peter

Makongo, Kenya

17% repaid

Entrepreneur

Name

Peter

Member since

October 2012

On-time repayments

11 installments  •  9%

About Me

I am a father of seven children only one in high school, the rest have completed their education. I live in makongo about two kilometers from kiptangwanyi trading center along kiptangwanyi-makongo road,next to makongo center. my occupation is farming (mixed farming) also I am secretary of elementaita S.H.G, I have a completed my high school education.
I started a business of farming after having an education day of farming funded by Brookside Company, by the end of the day they promise us to be buying our milk, they also tell us to crossbreed the indigenous cattle by dairy breed which are highly productive in milk, but before I was dealing most with vegetable. I am expecting to purchase more cattle’s and chicken also I will purchase a piece of land to accommodate the feed of animal and farming of vegetable.

My Business

My business is farming
My business includes cattle farming, chicken rearing and vegetable in small scale. They is a lot of demand of the product such as milk, because the milk is taken by the Brookside company dairy, and also so many people here rely on vegetable
Most of the farmer in kiptangwanyi have not yet crossbreed their cattle thus making me being the most of the few one who will produce much milk. The business will be profitable because most of the feed a get from my farm. The risk facing the business is poor road during the rainy season which hinders the transportation of the milk.
My typical monthly cost is khs 60000, sale revenue is around ksh 30000 and profit is above 25000 but I am planning to earning more.

Loan Proposal

Dear lenders,
I would like to use this loan that I will get from Zidisha organization to buy another dairy cattle in my farm. This one I will buy the high grade cattle, which will improve the quality as well as the quantity of milk in my farm. Secondly, I will buy metallic milk churns for storing as well as transporting milk from the farm to the market. Milk is highly perishable and therefore it requires proper storage and transportation with good equipment.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$495.00

Date disbursed

Nov 17, 2012

Repayment status

Late

Projected term

12 months

Lenders

J

Jason

New Jersey, United States

investor

Candiac, Canada

S

SMRosen

Hershey, United States

russell

leicester, United Kingdom

Ask Peter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...