Entrepreneur
Name
Dominic
Member since
February 2015
On-time repayments
86 installments • 8%
About Me
My name is Dominic migori Born in Kisii kenya Nyanza province , kisii county. I learned in kisii high school and did not continue with Education due to lack of school fees. my mother died three years ago leaving behind 4 childrens including me and my father who is jobless. I decided to start keeping livestock and selling dairy products to provide Basic needs for my sisters and assist my father to pay school fees for them. Keeping livestock is the business i started because we had one cow which I used as a starting Capital and though it does not provide enough, I want to get enough funds to add another cow and increase my income.
My Business
I sell milk to the community and and also take to the Dairies. milk is very important to me and the community at large. It is the Basic source of income in our community, i choose this kind of Business because it is Easier to start especially to those people with low capital. the total cost of this business is 200 dollas. This business helps me get 20 dollas daily and helps me to pay school fees for my sisters and my two kids and also save 5 dollas daily for the improvement of the business.
Loan Proposal
Given this loan I want to buy a cow which will cost me 100 dollas. This cow will be useful to me and the community at large. It will provide income to the family and also basic needs such as food and school fees that i will get after the sale of the Dairy products i get from it.. I get 20 dollas daily and given this funds i will increase to 35 to 40 dollas daily.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 20, 2015
Repayment status
On Time
Projected term
19 months
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