Name
Winnie
Member since
July 2012
On-time repayments
77 installments • 16%
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.
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.
I will add up the requested loan to my savings of KES 30000 to buy a second cow worth about KES 55000 solely for the purpose of milk production which will ultimately lead to increased income.The balance of the amount will be used to purchase dairy feeds which at the current market price go for 2200 Kenya shillings a bag and also play a part in buying pesticides for pest control. This is to ensure that there is consistency in production for a stable flow of income.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$483.00
Date disbursed
Aug 8, 2012
Repayment status
On Time
Projected term
15 months
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