Boniface

Kiptangwany, Kenya

100% repaid

Entrepreneur

Name

Boniface

Member since

June 2011

On-time repayments

24 installments  •  38%

About Me

i am a kenyan citizen aged 30, married, educated . running a butchery. i am also a farmer, having a good number of livestock in my home.

My Business

my business is located at munada trading centre, i am a butcher, i do slaughter about 4 sheeps a week at a cost of 3500 each. a sheep may have 15 kg and 1 kg goes for kshs 300 hence (seling price) 300 x 15 x 4=18000 - (buying price) 14000= 4000. after deducting weekly expences ie. slaughter house fee, transport fee i approximately make kshs 3000 a week hence when i substract house rent and water bill i make kshs 7500 from my butchery. back home find my ever busy wife, she sells 5 kgs of milk at 25 per kg, totaling to apprx 3000 per month. she also sells eggs and other livestock products like eggs which after deducting all the expences i.e animal feeds adds to kshs 5000 a month. with this business i have managed to buy a plot 50 x 100 worthy 50000. i had secured a loan of kshs 100000 which i used to start livestock farming and my butchery, and the remaining amount used in building my three room mud house which we live with my family. challenges in the business includes competation, luck of money to expand my business, tribal clashes incurring to total loss.

Loan Proposal

i planning to buy a herd of about 10 goats each ksh 3000 that will cost me approximately 30000 in buying and 10000 in transporting, i will slaughter the goats for sale in my butcher. a goat can go for 15 kgs selling each kg at ksh 300(300x15=4500) making a profit of approximately 1200 per goat. i can slaughter 3 goats a week i.e 10 goats a month. making a profit of approximately ksh 10000 a month. the remaining amount i will use it in renovating my butchery.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$568.00

Date disbursed

Sep 16, 2011

Repayment status

On Time

Projected term

19 months

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