Entrepreneur
Name
James
Member since
November 2011
On-time repayments
44 installments • 34%
About Me
My name is James Wainaina, ID № 10744177, a Kenyan citizen. I live and work in Rongai District, Visoi sub-location, Rongai Division of Nakuru County. My home is near Kandutura police post and Kandutura Dispensary. Born in 1968, I am the fourth born in a family of nine; three boys and six girls. I went to Mogotio primary school for my primary education. Later on I joined Sacho high school for my Ordinary (Certificate of secondary examinations) and advanced level education (Certificate of advanced secondary education).
I am legally married to one wife, with six children; three boys and three girls. The first born in the family is a boy who is pursuing a diploma in pharmaceutical technology at Eldoret polytechnic; a local national polytechnic. The second born is currently waiting to sit for her Kenya Certificate of secondary Examinations, which is a prerequisite to university admission in our country. The third, a girl is in form one. The rest, two boys and a girl, are in primary school.
My Business
I am currently living in a six acre piece of land; three of which I keep 3 cows, 3 goats and 7 sheep. The remaining 3 acres are used to grow maize, beans, tomatoes and kales. The cow produces about 4 litres of milk in the morning and about 3 litres in the afternoon; total 7 litres daily. One litre is consumed at home and the rest sold locally for Ksh 30 per litre; total 30x6= ksh 180 daily. The monthly gross income from the milk is Ksh 180x30=Ksh 5400. Its expenses are weekly dousing of insecticide costing Ksh 400 (4x100=Ksh 400) monthly and de-worming after three months; which on average costs Ksh 300 monthly. They graze in the open field. Therefore, the cows give me an approximate income of Ksh 4700.
This season I have harvested 20 bags of maize (current price of Ksh 2000 per 90 kg; translating to a total of Ksh 40,000) and 5 bags of beans (current price of Ksh 5,000 per 90 kg bag; translating to a total of Ksh 25,000): total gross income Ksh 65,000. The cost of inputs and labour was Ksh 10,000. Therefore, net income from maize and beans section was Ksh 55,000. This is a monthly income of approximately Ksh 4,500.
The tomatoes and kales have given me this year a gross income of Ksh 90,000 against a total expense of Ksh 25,000, leaving a net profit of Ksh 65.000; translating to a net monthly income of approximately Ksh 5,400.
My wife, who works as a teacher, earns a net salary of Ksh 15,000. This, together with my income from the piece of land totaling Ksh 14,600, is used to pay for the children’s school fees and upkeep; leaving us with roughly Ksh 5,000 for savings and any investments.
I intend to improve the quality and the quantity of my cows. This I intend to do by buying one high grade cow, preferably a Friesian, which produces more milk than my current breed. A Friesian cow produces about 20 litres a day, ten litres in the morning and ten in the afternoon; which would fetch at the current rate of Ksh 30 per litre, Ksh 30x 20 =Ksh 600 per day. This would translate to a monthly gross income of Ksh 18,000. The cost of managing this cow would approximate Ksh 5,000 per month, giving me a monthly net income of Ksh 13,000. A fully grown Friesian cow costs between Ksh 50,000 and Ksh 55,000 locally.
Loan Proposal
I want to revert to irrigation fed agriculture as opposed to rain fed agriculture. I want to dig a well at an estimated cost of Ksh 40,000 and use the rest of the money to buy a petrol pump at a cost of Ksh 15,000 which will be used to irrigate 4 acres during the coming dry season. The balance will buy farm inputs like fertilizers and any chemicals required. Of the four acres, two will be under tomatoes, one under kales and the remaining one under cabbages.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$937.00
Date disbursed
Nov 10, 2012
Repayment status
On Time
Projected term
16 months
Other loans
Lenders
Redmond, United States
United States
Gammalkil, Sweden
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