Name
Mike
Member since
May 2014
On-time repayments
83 installments • 31%
I am college graduate with telecommunication engineering but I was not priviledged to get employed hence I decided to venture into farming,currently I am supplying local residents with fresh milk directly from my cows,I would like to use the funding to increase the number of cows and also to buy refrigerators,a challenged I have right now is keeping milk fresh for a long time,
I am also keeping chickens that are producing eggs
Currently I will use the proceeds from my farm produce to repay the loan,I have 50 chickens 30 of them laying eggs,I get 30 eggs in a day plus or minus 3
,this give me a total of $ 5 a day and also I have 5 cows producing 40 litres of milk a day,this gives me $ 15 consideration also that I will use the loan to expand this I am not only certain to repay your loan but also to repay it on time
I will used the loan to buy materials for building a modern shed for my livestock (cattle) currently they are just tied in an open field,which is not recommended as it puts pressure on my limited pasture land and also hard to collect manure for my plants,
The shed will assist in manure collection,gives time grass to grow in the field and most importantly my cows will not stray to my food plantation at night when I am asleep.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 11, 2014
Repayment status
On Time
Projected term
5 weeks
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