Entrepreneur
Name
Benard
Member since
September 2012
On-time repayments
37 installments • 38%
About Me
My name is Wafula Benard Simiyu. I was born in Kwanza location, Kwanza division of Trans Nzoia county on 14th June 1977. I joined Testboune primary school in 1983 to 1990. I later joined Friends' school Kamusinga and completed my ordinary level exams in 1996. I later joined college in Kenyatta university for my Bachelor of education (Arts) and completed in 2009. I have been teaching in various schools and currently I am teaching in kimangu High school in Rongai district.
My Business
Other than teaching, I practice dairy farming with my three grade cows on a three acre piece of land. I am currently milking all the three cows. Each cow produces 5 litres of milk, totaling 30 litres per day since we normally milk twice a day (at Ksh 30x 30 = Ksh 900). Monthly total income from milk is Ksh 27,000. Monthly total expenditure is Ksh 5,000, inclusive of drugs and spraying.
Loan Proposal
I intend to use the loan to buy one more dairy cattle to make them four in order to increase on my milk output because of the recent market expansion whereby i am selling to my neighbors and also sending some to the Kenya Cooperative Creameries (K.C.C) where i am paid monthly.The cost of the dairy cow is Kshs. 45,000.
Besides this,i also want to build a store for the preservation and preservation of farm yard manure from cow dung and left over feeds because of recent i have realized that this is also a very lucrative business that enabled me to pay my first loan even before the required time.The approximate cost of the store is about Kshs. 40,000.The remaining Kshs.15,000 will be used for paying the workers who will be doing the work.The combination of dairy farming and selling farm yard manure will enable me expand my business and at the end i know i will be an established entrepreneur and a successful businessman.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,178.00
Date disbursed
Oct 24, 2013
Repayment status
Late
Projected term
27 months
Other loans
Lenders
Saint-raymond, Canada
Haarlemmermeer, Netherlands
Ask Benard a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$660.24
Amount remaining
$754.74
Expected completion
Feb 9, 2016
Status
Repaying late
Installment amount
$58.82
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 9, 2013 | $57.88 | Dec 8, 2013 | $57.88 |
| Jan 9, 2014 | $0.00 | ||
| Feb 9, 2014 | $58.82 | Feb 3, 2014 | $58.82 |
| Mar 10, 2014 | $58.82 | Feb 3, 2014 | $21.96 |
| Mar 1, 2014 | $37.65 | ||
| Mar 30, 2014 | $21.18 | ||
| Apr 10, 2014 | $58.82 | Mar 30, 2014 | $20.00 |
| May 7, 2014 | $38.82 | ||
| May 10, 2014 | $58.82 | May 7, 2014 | $58.82 |
| Jun 10, 2014 | $58.82 | Jun 9, 2014 | $58.82 |
| Jul 10, 2014 | $58.82 | Jul 21, 2014 | $58.82 |
| Aug 10, 2014 | $0.00 | ||
| Sep 10, 2014 | $58.82 | Oct 5, 2014 | $58.82 |
| Oct 10, 2014 | $58.82 | Dec 9, 2014 | $58.82 |
| Nov 9, 2014 | $58.82 | Feb 7, 2015 | $58.82 |
| Dec 9, 2014 | $58.82 | Mar 7, 2015 | $35.29 |
| Jan 8, 2019 | $11.76 | ||
| Feb 6, 2019 | $11.76 | ||
| Jan 9, 2015 | $58.82 | Mar 3, 2019 | $14.12 |
| Feb 9, 2015 | $58.82 | ||
| Mar 10, 2015 | $58.82 | ||
| Apr 10, 2015 | $58.82 | ||
| May 10, 2015 | $58.82 | ||
| Jun 10, 2015 | $58.82 | ||
| Jul 10, 2015 | $58.82 | ||
| Aug 10, 2015 | $58.82 | ||
| Sep 10, 2015 | $58.82 | ||
| Oct 10, 2015 | $58.82 | ||
| Nov 9, 2015 | $58.82 | ||
| Dec 9, 2015 | $58.82 | ||
| Jan 9, 2016 | $58.82 | ||
| Feb 9, 2016 | $4.15 | ||
Loading...