Entrepreneur

About Me

Businessman at Oloolaimutia Centre who buys small aged calves from local households and sells them just within the locality. He is married with one wife and three children, of whom one is in the top class, the other in baby class and another still young. Business profits are used to increase stock, pay school fees, buy clothing and household expenses.

My Business

He started business in the year 2003 with 3 calves of his own for he had only 6 cows and sacrificed the three to start his own business. He improved gradually and can now sell up to 15 cows a month where he can get a profit of approximatelly Ksh.35,000 (US $455) per month. He also joined Ebony (a microfinance institution) in 2008 where he was financed and increased his business.

Loan Proposal

I will use the loan to expand my livestock business:
I will be privileged to go to the boarder of Kenya and Tanzania to buy fat bulls and be able to hire a Lorry to transport to Nairobi and making quick transport than the usual like by foot.The loan amount will be used to increas the number of my stock in bulls from 12 to 18.I will use ksh 60,000 to buy six number of bulls and every bull cost Ksh 10,000 and will use the remaining balance to hire the transporting machine (lorry).The lorry will need up to Ksh 12,000.I will need to use some previous profit to add to the required amount.
The business will be profitable since i have already had one trip from Ololiondo across the near town in the boarder Olpisumoru.The journey was very enjoyable and was blessed since i made a profit Ksh 13,500 even though it was very tired because the transporting means was by foot.When this business starts and successfully develop i will be able to pay Zidisha loan and sustain the family.I do hope to generate a gross profit of ksh 25,000 and pay transport of Ksh 12,000 and pay commission of cattle cares who are two in numbers Ksh 5,000 add upto KSh 17,000 and net profit willbe Ksh 8,000 per two weeks hoping to make 16,000Ksh per month. This amount will assist me to pay Zidisha loans and also pay school fees,carter for my whole family.
May the lord bless you as you continue to have you are generous contribution towards my business.

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