Livestock farming bridge loan

Ken

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ken

Member since

February 2017

On-time repayments

25 installments  •  64%

About Me

my name is kennedy watti from kenya. i have a bachelors degree in mathematics from University of Egerton njoro. am currently working in a bank called Faulu in kenya but also have side hustles in kitale in tranzoia county

My Business

Iam a banker with monthly salary of 347,000 and own a farm practising dairy farming with monthly income of 100000. i have 4 cows that produce 20 litres each.that is 80 litres daily at a cost of kes 30. proceeds paid montly in arreas

Loan Proposal

The loan is to be used to buy more Giant king grass seeds and natural manure. The Total costs are Kes 100,000. I have Kes 86,000. I require an additional of 14K.

The Seeds cost Kes 2000 per Kilo and require 40 Kgs and Manure will cost Kes 15,000 and Labour to cost 6,000. The Grasss takes 120 Days to grow. This projects is estimated to give me overall saving of 15,000 per month on the savings that i would have used in buying cattle feeds.

Feedback

1

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  • guenter    Jan 26, 2019

    Ken payed back one month late - but he payed back the full amount without problems.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$70.00

Date disbursed

Jan 30, 2019

Repayment status

On Time

Projected term

4 weeks

Lenders

Paul Buchheit

Mountain View, United States

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