Samson

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Samson

Member since

October 2012

On-time repayments

39 installments  •  26%

About Me

I am a father of seven children all have completed their education. I live in Kiptangwanyi about 1 kilometers from kiptangwanyi trading center along kiptangwanyi-mbombo road, next to mbombo dam plot number 1147. My occupation is farming (mixed farming) also I am also a member of elementaita S.H.G, I have a general knowledge.
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 posho milling and tractor for ploughling. I am expecting to purchase more cattle’s and also I will purchase a piece of land to accommodate the feed of animal .

My Business

My business is farming
My business includes cattle farming and ploughing during land preparation. 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 maize flour.
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 also tractor will help for harvesting cattle feed. 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 and farm products.
My typical monthly cost is khs 100000, sale revenue is around ksh 40000 and profit is above 45000 but I am planning to earning more.

Loan Proposal

Dear Lenders,
I would like to use my loan that I will get from Zidisha organization to,
First, I would like to purchase another dairy cattle and add it to my herd. This will increase my capacity of the milk that I produce and more revenue in my business. Secondly, I would like to construct good feeding and watering troughs for my livestock. I want to replace the old feeding troughs and I will be able to give the best for my livestock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Oct 16, 2012

Repayment status

On Time

Projected term

15 months

Other loans

Lenders

A

Anninymouse

Southampton, United Kingdom

investor

Candiac, Canada

PatrickZ

San Mateo, United States

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