Funding for building livestock shed

Mike

Kapsoit, Kenya

100% repaid

Entrepreneur

Name

Mike

Member since

May 2014

On-time repayments

83 installments  •  31%

About Me

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

My Business

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

Loan Proposal

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.

Feedback

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Aug 11, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

PaulE

Cockeysville, MD, United States

McJulio

New Jersey, United States

Jason

Auckland, New Zealand

H

howard

Vence, France

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

Leonardia

Waddinxveen, Netherlands

F

frenchy

United States

Ask Mike a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Mike    Dec 12, 2015

    I HAVE CLEARED THE OUTSTANDING BALANCE PLEASE

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  • Mike    Jul 5, 2015

    Hi lenders i would like to reschedule my loan repayment amount because i cannot pay the amount i am currently paying for my college fee as self sponsor and am using the proceed from my bussiness kindly bare with my situation am very sorry for the inconvience caused. I once again i would like to reassure you that am willing to repay the remaining amount and if you can please remove the penalty you put on the loan i would be happy thanks inadvance let me hope to get a positive response from you.

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  • Henry    Feb 27, 2015

    CONGRATULATION MIKE KIMUTAI IN YOUR BUSINESS GOD WITH US AMEN.

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  • Mike    Jan 21, 2015

    first let mi apologize for not paying my loan because i enroll for an IT course and it has drain me thats why i would like to reschedule the amount am committed to paying all my dues sorry for the inconvenienced caused.I have completed the project with the money i borrowed and currently all the chickens i have are in asecure place and they are in good condition.The cattle also are doing well .I used the proceeds from december to financed my education thanks very much.

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  • Mike    Nov 17, 2014

    I would like to review my weekly installment because as i stated last time that i used the money for medication which has impacted negatively on my proposed project but i have completed building the project but i used all the savings. I will share with you the photo thanks in advance.The investment has enable me save the lives of young chicks which were dying because of cold and being carried by hawks infact there life expectancy has improved a great deal and i am looking to expand the chicken house because the population has increased.

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  • Mike    Nov 4, 2014

    I Lenders iam sorry for not paying my loan of 26 october because i was not sick, i was dignosed with ashtma and i used the money for medication am committed to paying the loan sorry for the inconvienced caused.Also i paid my loan of 19th october on 18th but has not been credited to my account.

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  • Mike    Oct 2, 2014

    milking shed and poultry house

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  • Mike    Sep 30, 2014

    Thanks Dands for your contribution i am deeply humbled.Let me once again plead for other lenders to kindly help raise this amount to enable me complete the ailing project,thanks in advance.

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  • Mike    Sep 30, 2014

    Thanks phangsang for your contribution i once again urge those lenders who have not made their contribution to kindly assist i will appreciate.

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  • Mike    Sep 30, 2014

    Let me thank the following lenders who have funded my project to this far:Leonrdia,Romojo,Hahahan,Osorian,Mikers,Goodwithoutgod and Marcif. Let mi once again urge those who have not to kindly do so i will appreciate.

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  • Mike    Sep 29, 2014

    Hi lenders please fund my proposal to enable me accomplish the project thanks in advance.

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  • Mark    Sep 22, 2014

    Hawayu mike am 4rm kapsoit pia

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    • Mike    Sep 29, 2014

      Hi mark your project is good look for at kapsoit.

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  • Mike    Sep 18, 2014

    This is the breakdown of how i spend the amount;
    1. Purchase 10 pieces of iron sheet KES 720
    2. Purchase a tree for the production of timber at a cost of KES 5000

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  • Mike    Sep 17, 2014

    Thanks a lot the loan has enable me to purchase iron sheets and timber for the construction of the modern livestock shed.My loan of 13th august has not been credited .thanks

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  • Mike    Sep 8, 2014

    Hi my last loan has not been credited in my account thanks.

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  • Mike    Aug 25, 2014

    I have purchased the iron sheets.

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  • Mike    Aug 4, 2014

    Thank you very much for understanding me am now well and ready for my next loan could you please update my repayment status because i have cleared it, thank you.

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  • Mike    Jul 28, 2014

    I was ill last week and used the amount I was to repay the loan for hospital bill,therefore,
    I have decided to adjust it to gather for the one I didn't pay,this week being end month I am getting monthly income from milk hence will I will be able to clear,
    Sorry for any inconvenience this late payment might cause,

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  • Mike    Jul 21, 2014

    I am very greatfull for the money you lend me i expand a poultry house for my chicken.

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