Enkang oo nkishu enterprises- buying sheep

Peter

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

July 2014

On-time repayments

325 installments  •  48%

About Me

I am a 5th year engineering student at Technical University of Kenya from the Maasai community in Kenya, I undertake a business of rearing beef cattle and sheep on a small scale. The reason I started the business is to tap in the vast knowledge that I have in cattle rearing since my people are indigenous cattle keepers hence has been doing it since I was young. My late father and grandfather also taught me how to undertake it. I have managed to change the traditional animal rearing by my grandparents and parents which was only for prestige and source of food to a business venture.

My Business

In addition to my cattle and sheep rearing business, mentioned above and which i used my earlier Zidisha loan to improve, i intend to begin an M-PESA shop (Safaricom mobile phone money transfer shop) to diversify my investment.
The shop will be located at landmawe area in Nairobi, near where I live currently. The capital required is KES 100,000 equivalent of 1176.47 USD. I intend to raise KES 28,850 from zidisha, KES 40,000 from selling some assets (sheep and cattle) and the the remaining KES 31,150 from friends and family.
I will use the above amount to pay rent, 1 staff and buy float (the money used for transfer). If successful, the business will raise between KES 20,000 and KES 30,000 per month. I intend to use the profit to reinvest in the sheep and cattle business.

Loan Proposal

I will use my loan to buy four sheep and a cost of 30 dollars each and purchase mineral salt and vitamin supplement for my cattle and sheep which will cost 5 and 10 dollars respectively. This will increase both the quantity and quality of my animals and hence increase my profits. The proceeds from my business will go into paying my accommodation fee in college and supplement my mother's income.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Aug 25, 2014

Repayment status

On Time

Projected term

6 months

Other loans

Lenders

IA

Ismini and Jerry

Stamford, USA, United States

Bhayl

Stavanger, Norway

M

marcmesich

Kaohsiung, Taiwan

Sarasota

Sarasota, Fl, United States

M

marymarrs

North Bend, United States

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

L

LoisT

Australia

J

Joggele

Austria, Austria

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