Entrepreneur

About Me

I am a 22yrs old law undergraduate at Moi University Eldoret. I am also a farmer in that i have a cow and a calf and quite a number of chicken that I keep for commercial purposes. I am a 2nd born in a family of four children where my mother is a nurse and my father retired.I started my business in order to support myself through school. i sell eggs and milk but most of my income is generated from the mllk business.

My Business

As I mentioned earlier my business entails the selling of milk and eggs but most of my income is generated from the milk business. My cow produces an average of 12litres per day. I sell 10litres and the other 2litres are used for domestic purposes. in a day I earn about ksh. 500 but all my customers pay at the end of the month. I use the eggs business to sustain the milk business and therefore none of the expenses are catered for by the profits i earn from the milk. the business is profitable since most people nowadays prefer fresh farm milk to processed milk since its healthier and even cheaper and therefore one can never lack customers. the risk my business faces is that my cow may fall sick and thus threatening the amount of milk generated and eventually my income but I always ensure that my cow and calf maintain a clean bill of health.

Loan Proposal

I am starting up commercial fish farming in order to take my farming business a notch higher. I have some funds saved up amounting to kes. 95,000 and I only require around kes. 238,000 in order to realize this project. This is a sample budget and assumptions for a “small pond” monosex tilapia farm.
TOTAL COSTS
Tilapia monosex fingerlings 1 month old 10 4800 48,000
Commercial Food(less 10% fish loss) 2Kg food/ 1Kgfish 65ksh/ Kg food 1200Kg fish x 2= 2400Kg food 140,400
Labour 5,000 x 6mo. 30,000
Water/electricity Supply 20,000
Marketing/transportation costs Sell back to Omega Farms 0
TOTAL COSTS 238,400
The advantage is that the capital gained once the business is well established is very satisfying and as such it's a business worth venturing into.
This is a sample budget of the project's outcome.
TOTAL INCOME
Item Description Unit price (KES) Quantity Total Amount
Tilapia Sales Whole fish 250 gm 100ksh 4800 fish 480,000ksh
Less 10% loss 48,000
Total 432,000

with regards to repayment of the loan, will use the income I get from my milk and chicken business in order to pay for this loan for the first six to ten months if granted and subsequently upon beginning to sell the fish onc3e they're mature enough, I will continue paying the loan with the profits I make from the fish business. With regards to market, there is always market for fish as very many people eat fish

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