Entrepreneur
Name
Gilbert
Member since
October 2014
On-time repayments
347 installments • 38%
About Me
I am a resident of London estate- Outskirts of Nakuru town and I am the third born in a family five. I grew up in a farming village and developed a great passion in agriculture.
I source raw milk from the rural Mau-Narok area-supplying dairies, hotels, New KCC Limited as well as my own dairy in Nakuru town. This business has not only helped me pay my bills but also gather for my younger siblings. I am very enthusiastic with investments especially in agricultural sector. The current business has a ready market and I am confident it will only get better as I target to improve on volume.
My Business
Among other small scale businesses, I'm a Milk Trader- Sourcing raw milk from the rural Mau-Narok area and supplying dairies, hotels, New KCC Limited as well as my own dairy in Nakuru town. I get an average margin of 35% for every litre of milk I purchase and sell. I mostly sell all the volumes the same day except the surplus that goes to the processor; New KCC Limited where payments are made on a monthly basis. The untapped potential along the dairy value chain is huge and I can only grow into it- from improving on milk volumes to long term plans to venture into other businesses along the entire chain for instance, establishing my own farm, provision of contracted services such as milk transport and input supply and ultimately establishment of a milk processing plant in future
Loan Proposal
With my current plan to expand my dairy business and meet the growing demand, I will use the funds to source more milk from the rural Mau- Narok region. The demand for fresh milk is great in Nakuru town and since the business is currently doing well, I will spend all the $50 in adding the volumes I purchase daily.
I will use the revenue generated to further expand the business and in future venture into other opportunities along the value chain of the dairy industry.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Nov 10, 2014
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
United States
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