Livestock for slaughter

Paul

Nairobi, Kenya

8% repaid

Entrepreneur

Name

Paul

Member since

May 2016

On-time repayments

178 installments  •  30%

About Me

I grew up in Nairobi but most of my schooling,I did in the rural area.I saw my father struggle with us to get a decent education,and even how he could manage to sustain all seven of us.that's the force that drives me to making a better life for me and my family because i wouldn't want to see my family go through the same.that's my reason to starting my business.
I live in Nairobi the capital of Kenya.this is a city with much difficulty in life and for someone to survive,they really have to work hard for it,this is because the standard of living is so high.
Driven by this urge,I find myself working tirelessly to cope up with the competition in life.
Since my work and business involves sourcing for cattle for slaughter in different parts of Kenya,and so I travel a lot,and thus traveling is my hobby.Sometimes it takes up-to 11hrs in the vehicle,which can be cumbersome,but with time,I learned to love it

My Business

my business involves soursing of livestock from different parts of Kenya to be slaughtered in different slaughter houses.at first,I used to supply KENYA MEAT COMISSION,but of late I have been suplying FAMERS CHOICE AND QMP(along kangundo rd).
In life,food is important aspect,and food is neccessary,and meat is food taken by most people,in my country and outside.my work involves sourcing for cattle for local slaughter and for export slaughter.
My main reason for joining this business is because food substances will never be out of demand and its a neccessity in life.
When I buy a goat for slaughter,for example,I make sure that I get a profit of not less than 700 KES PER Head.This is because I get paid on carcass weighed of the slaughtered animal.So I have to be diligent and extra careful when buying at the market,so in a trip of goats, I make a profit of about 50000 KES and above,depending on the number of goats I bought.
In cows,for slaughter, I make sure that i make a profit of not less than 5000 KES. Per head.I also have to make sure that I buy cows with the right kilos since am paid on carcass weight kilo.with this in mind i make sure that i do the right thing.
Most of the time,my profit is used to grow my business,because the higher the number of cattle i have,the higher the profit.And in other times,I channel some part of profit into my other projects,that is sugar cane farming.

Loan Proposal

I will buy more goats/sheep for slaughter , since the higher the number I get the more the profit and also it helps me serve my customers well who expect higher tonnage every week.
I also realized that I could start a small butcher in my neighborhood and sale at least three goats in a weak,this will also escalate my weekly profit since am sure food supply is of importance and people also need it.
Price of one goat/sheep in a local market costs about 20 dollars which in turn I sale at about 29 dollars.I expect a profit of 7 dollars per head of goat/sheep minus expenses.
This loan can add at least ten more heads in my stock, thus increasing my supply and also adding confident to my customers.
I there for expect my business to grow by a margin of 10%.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$709.00

Date disbursed

Oct 25, 2017

Repayment status

Late

Projected term

25 months

Lenders

Pere

Barcelona, Spain

P

parsonsron777

Sacramento, United States

Tavin

Ottawa, Canada

O

OneSummer

Muenster/Westphalia, Germany

T

the0bauman

Hillsboro, United States

P

Peksa

Espoo, Finland

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Z

ZacJ89

RIverside, United States

gseletko

South Perth, Australia

F

Forfex

Zurich, Switzerland

E

E

Marin county, United States

Beth Witten

San Francisco, United States

cc5alive

Los Angeles, United States

Romojo

Paraparaumu, New Zealand

Pomaikai

Jersey City, United States

D

DandS

United States

J

jbhernan

United States

L

luckiestmonkey

United States

Vesa

Helsinki, Finland

Loungin

United States

SuperMario28

Cudahy, United States

S

Sven

Netherlands

Jeroen Decock

Gent, Belgium

Kriszti

Houston, TX, United States

JT

John Tabacchi

United States

Paul

Seattle, United States

PT

Paul T

Amsterdam, Netherlands

PG

Paul Graham

United States

L

LK

United States

Mr Chris Turner

Cambridge forever England, United Kingdom

BS

Brandon S

United States

YV

Yuri Vanin

United States

I

isaac

United Kingdom

KK

karl kerksiek

United States

E

Elle

New York, United States

J

jennie

Guatemala

Craig Newmark

United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

ES

Evan Simons

United States

A and A

Canada, Canada

The Weltys

Averill Park, NY, United States

Paul Buchheit

Mountain View, United States

Bryce Bow

Bloomington, In, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

L

Liz

Canada

PL

Philbert Lin

United States

JT

Joanne Thompson

United Kingdom

Darren Jeppson

Denver, Colorado, United States

E

EJOBIV

United States

WM

Will Martin

United States

BH

BJ Homer

United States

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  • Paul    Dec 16, 2017

    My business is low

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  • Paul    Oct 23, 2017

    Thank you for funding my loan.
    I will increase the number of livestock that i buy per week which at the same time will increase my income.
    With increase in my income, the loan will definately jelp me in finishing my project of building a decent house for my family.

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  • Paul    Oct 15, 2017

    my last loan came amid challenges in my business due to prolonged drought in the areas that I get my livestock for slaughter.
    but later on i managed to work it out and picked my business up.
    I managed to purchase more animals for slaughter and in the long run increased my stock at the slaughter,
    I also increased my sugarcane farm by an acre from the earnings of my livestock business and i expect some good harvest soon
    so far,since my profit is realized by the increment of number of livestock purchased for slaughter, my profit margin increased by about 7%.
    By the profit, i managed to put up a decent home for my family.

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  • Paul    Oct 15, 2017

    I increased the number of livestock for slaughter an thus increased my profit margin by 7%.
    I managed to put up a decent house for my family with the earnings.

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  • Paul    Oct 15, 2017

    my last loan came amid challenges in my business due to prolonged drought in the areas that I get my livestock for slaughter.
    but later on i managed to work it out and picked my business up.
    so far,since my profit is realized by the increment of number of livestock purchased for slaughter, my profit margin increased by about 7%.
    By the profit, i managed to put up a decent home for my family.

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  • Paul    Oct 15, 2017

    My last loan was of great help,though my business had a lot of challenges due to prolonged drought in the places where i collect the livestock.this actually made my profit to fluctuate a great deal but later I was able to pick up.
    since my profit is always realized by the number of animal i purchase,I used the loan to increase my flock for slaughter thus increasing my profit by a margin of 7%.
    through this business, I have been able to put up a decent house for my family from the earnings,especially the profit.
    so far, I realized some vacation from hard work also pays that is why for that purpose,I took my time just to cross my neighborhood and sometimes taking sometime of to the nearby city of Mombasa.

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  • Paul    Oct 15, 2017

    My business has grown to give manageable profit

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  • Paul    Jul 9, 2017

    My income has increased due to the end of famine that reduced availability if animals.

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  • Irene    Jun 15, 2017

    Hi lenders,
    Paul has promised to start payments next month.

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  • Paul    Feb 8, 2017

    My business is down due to drought.thus I would like to reduce the amount

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  • Paul    Nov 26, 2016

    My sales have increased abit so I would like to increase my payment.

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  • Paul    Nov 7, 2016

    My business has been down

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  • Paul    Aug 24, 2016

    Thank you Zidisha for the loan.
    I received 19,756KSH
    I will use it to increase my stock of livestock for slaughter.

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  • Paul    Aug 22, 2016

    Thank you Zidisha for approving my loan
    I will use this loan to increase the number of animals ie sheep and goat that i slaughter every week.
    This will allow my business to grow significantly and also help me reach my dream of being a meat exporter un future.

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  • Paul    Aug 20, 2016

    The following photo shows some animals that have already been slaughtered and ready for supply.

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  • Paul    Aug 20, 2016

    The first loan disbursement .I used it for my goat collection.
    The purchase encourages me to work harder since Ithe photo shows part of my animals delivered for slaughtwr know I am yet to reach my peak as a supplier of goat and sheep meat.

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