Simon

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Simon

Member since

October 2012

On-time repayments

335 installments  •  7%

About Me

I am a father of five children, only one in high school, the rest have completed their education. live in kiptangwanyi about 100 meters from kiptangwanyi trading center, my occupation is farming (cattle rearing) also I am father in charge in orthodox church of Kenya, have completed my high school education also I have completed my bible study.
I started a business of farming a business of farming after having an education day of farming funded by Brookside Company, by the end of the day they promise us to be buying our milk, they also tell us to crossbreed the indigenous cattle by dairy breed which are highly productive in milk. I am expecting to purchase one more chuff cutter also I will purchase five more diary cattle

My Business

My business is farming
My business includes diary cattle farming. They is a lot of demand of the product such as milk, because the milk is taken by the Brookside company dairy.
Most of the farmer in kiptangwanyi have not yet crossbreed their cattle thus making me being the most of the few one who will produce much milk. The business will be profitable because most of the feed a get from my farm. The risk facing the business is poor road during the rainy season which hinders the transportation of the milk.
My typical monthly cost is khs 50000, sale revenue is around ksh 25000 and profit is above 20000 but I am planning to earning more.

Loan Proposal

I am glad that I have been given another opportunity by Zidisha organization to get a loan from the microfinance. I wish to use this loan to buy another dairy cattle. This will enable me to produce more milk that I usually supply in this area. I would also like to build more paddocks for the cattle. Thank you alot.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,327.00

Date disbursed

Jun 27, 2013

Repayment status

On Time

Projected term

24 months

Lenders

Brian

Midhurst, Canada

nicole

Worcester, Ma, United States

D

Darcy

Kingsley, Australia

M

Marianne

London, United Kingdom

C

codairem

Berkeley, United States

T

tonilends

catalonia is not:, Spain

JackiePAndTomT

Medford Lakes, United States

A

asharp

Ann Arbor, United States

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