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 intend to buy more goats for slaughter. The more goats I source the more profit I get.
In market places,price for a head of goat that weighs approximately 6-8Kgs on carcas weight goes for approximatly 20 dollar.
Where I supply,am paid 4dollar per kilogram. Thus, I get 32dollars per head of goat.
The cost of transporting one goat from the market to the slaughter house is 2dollars,so the profit that I make on one goat is approximately 6-9dollars.
This benefits me and other people who help me in sourcing since in a trip I collect close to 200 heads of goats.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jun 3, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
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