Entrepreneur
Name
Francis
Member since
October 2010
On-time repayments
24 installments • 38%
About Me
I am Francis Ndungu Waweru and reside At Bahati Nakuru. I am married with six children. I do dairy farming business. Currently, I have one dairy cow.My education level is up to form four and i attained division four which at that time was very marketable .Our second born daughter is in form two and i have very high hopes she will performe .The rest are in primary school .I have attended local courses on poultry farming as a private service provider (vaccination) Have a lot interest in politics even participated in bringing peace during 2007 post election skirmishes
My Business
I have one dairy cow which produces 10 litres of milk. I sell this milk at Ksh 30 per litre giving me Ksh 300 per day, and Ksh 9000 per month. This is used to pay the herdsman who takes care of the cow whom I pay Ksh 1500 per month. I also buy the feeds (processed ) to boost the production at Ksh 1500 per bag. The remaining money is the profit which amounts to Ksh 6000. I intend to buy a second cow which will increase the milk production given that the same herdsman would be able to look after the two cows at the same cost. This would increase my profit margin by Ksh 8000. A cow costs Ksh 30000. I also do other types of farming where I grow different plants. These include the maize, beans and vegetables. These assist as they are used as food for the family and the surplus is sold. During a good season I can harvest 20 bags of maize at the end of the year. I sell each bag at Ksh 1000 giving me a total of Ksh 20000. The beans are harvested twice in a year. In a good season, I harvest about 8 bags of beans per season. Each bag sells at Ksh 3000 giving a total of Ksh 24000 per season.
Loan Proposal
I intend to buy a dairy cow at ksh 25000. Ksh 10000 will be used to upgrade the current zero grazing unit and also buy the feeds to complement the nippier grass in my farm. The kind of cow will produce 15 litters per day. 4 litters will be used by my family and the rest will be sold at ksh 30 per litter. This will give me ksh 330 per day and ksh 9900 per month. Of this proceed, Ksh 3000 will be used to buy concentrates and cow lick while ksh 1000 will be used for veterinary services.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$454.00
Date disbursed
Dec 22, 2010
Repayment status
Late
Projected term
27 months
Lenders
Sarasota// Phnom Penh, United States
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