I would like to upgrade my dairy farming business i would like to improve the quality of my cows by giving them good b...

George Ihugo

Bahati Nakuru, Kenya

100% repaid

Entrepreneur

Name

George Ihugo

Member since

December 2012

On-time repayments

36 installments  •  100%

About Me

My name is George Kariuki I Hugo, I was born in the year 1981 in the area called Kamiruri in Bahati area near the Muthaiti Primary School. I went to Our Lady of Mercy primary school. After completing my primary education, my father set up a small business of selling bicycles spares for me. Then I went to Nairobi where I was employed by firm called Solai Paints. Then I started the work of construction (building). Then in year 2008 I got married. I started another business of small shop (kiosk). I have a son.

I hail from a place called Kamiruri in Bahati. As you travel from Nakuru along Nakuru/Nyahururu road you reach a center called Mali Kumi, continue along that road and you will reach Solai before the police station. After passing Muthaiti Primary School,you branch to your right then walk for about 600m from the main road you ask for Waimuru’s house plot no. 988. The area is a very good and very productive when it comes to farming.So those who do farming business do very good business because of the favorable climate. it is because of the favorable climate and condition that we decided to venture into farming business and we have seen it working. We are hoping to continue with the business and expand it.

My Business

I do mixed farming where I grow different types of crops like maize, beans, peas, tomatoes, potatoes, vegetables etc.. I sell the produce to the business men around the area and to others who come from long distances. I have one dairy cow which produces milk, about 10 liters per day. I sell the milk to the people around. The cost of milk per liter is 35 so for the 10 liters is about 300 per day and 9000 a month this is because it is the same milk we use for consumption in our home. The total cost of milk per year is about 100000. The total income from farming is about 500000 so the total annual income is about 150000 per year. I use the amount to continue the business and for my family upkeep. My son is still young and I am laying the foundation so I always make sure I save some money for his education and make sure I raise him right. Now he will be joining Primary School next year and we have made sure that everything required is ready like school uniform and school fees. My loving wife and I are working together to make this business successful and make sure that we have what our son need.

Loan Proposal

Thank you zidisha team for the good work you are doing to improve the lives of many by lending people money who may not be able to access any loan before they met you.As for me i take this opportunity to thank you because of the the far you have brought me through lending me although it was my first loan i used the amount to upgrade the quality of my dairy cows and i believe with the second loan i will go even further to make sure i get a good income from the second loan and be able to pay without any problem. Thank you very much

Show original English  

About Me

My name is George Kariuki I hugo, I was born in year 1981 in the area called Kamiruri in Bahati area near Muthaiti Primary School. I went to our lady of mercy of primary school. Then after primary school my father started a small business of selling bicycles spares for me. Then after that I went to Nairobi where I was employed by firm called Solai Paints. Then I started the work of construction (building). Then in year 2008 I got married. I started another business of small shop ( kiosk ). I am a father of one boy.

I come from a place called Kamiruri in Bahati. As you travel from Nakuru along Nakuru/Nyahururu road you reach a centre called Maili Kumi you do not branch , you continue with road that goes to Solai before you reach the police station after passing Muthaiti Primary School you branch to your right then walk for about 600m from the main road you ask for Waimuru’s home plot no. 988. The area is a very good place and very productive when it comes to farming.so those who do farming business do very because of the favourable climate.it is because of the favourable climate and condition that we decided to venture into farming business and we seen it working we are hoping to continue with the business and expand it the more.

My Business

I do mixed farming where I grow different types of crops like maize beans , peas, tomatoes, potatoes , vegetables e.t.c. I sell the produce to the business men around the area and to others who come from afar. I have one dairy cow which produces milk about 10 litres per day. I sell the milk to the people around. The cost of milk per litre is 35 so for the 10 litres is about 300 per day and 9000 a month this is because it is the same milk we use for consumption at our home. The total cost of milk per year is about 100000. The total income from farming is about 500000 so the total annual income is about 150000 per year. I use the amount to continue the business and for my family upkeep. My son is still young and I am laying the foundation so I always make sure I save some money for his education and make sure I raise him in a good way. Now he will be joining Primary School next year and we have made sure that everything required is ready like school uniform and school fees. My loving wife and I are working together to make this business successful and make sure that we have what our son need.

Loan Proposal

Thank you zidisha team for the good work you are doing to improve the lives of many by lending people money who may not be able to access any loan before they met you.As for me i take this opportunity to thank you because of the the far you have brought me through lending me although it was my first loan i used the amount to upgrade the quality of my dairy cows and i believe with the second loan i will go even further to make sure i get a good income from the second loan and be able to pay without any problem. Thank you very much

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Loan Info

Project Type

Classic Loan

Disbursed amount

$296.61

Date disbursed

Feb 4, 2014

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Lender interest: $296.61 at 6.06% annual rate over 6 months = $9.33

Service fee: $5.44

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