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.
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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
Stamford, USA, United States
Kaohsiung, Taiwan
Republic of Korea
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