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
The funds will be used to expand my poultry project and dairy projects,I want to purchase incubators to assist me increase the total number of chickens and also to purchase refrigerators for my perishable products especially milk which I currently produce 40 liters a day,the refrigerators will enable me to have more cows,
I am also planning to purchase a motor bike to be transporting my products to nearby markets,therefore,the loan will be key driver in achieving all the above including many more to come
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jun 23, 2014
Repayment status
On Time
Projected term
6 weeks
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