Loan to add sheep for rearing and resale

Emmanuel

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Emmanuel

Member since

January 2015

On-time repayments

38 installments  •  95%

About Me

My name is Emmanuel Onyango son of Okumu.I was born Migori County in 1981 being the twelve child of Salome Aoko and Andrew Okumu.I began education life when I was about 7 years old and had gone to a nursery school as a beginner but 2 weeks later, teachers felt that my age was above the class and I was promoted to class 1 because my right arm could successfully cross and touch the other opposite ear at the left side. They weren't wrong since I began performing well and was even appointed the class prefect and later became the school head boy in 1994 when I was in class eight.I sat for KCPE and did very well but could not get the school fees to secondary school and this led to staying at home for 2 years and taking care of my parent's livestock and later joined Nyamagwa boys in kisii county.I sat for k.c.s.e in 2000 and got grade B- and later joined mombasa polytechnic for Diploma in accountancy then I got married to Mary Akinyi in 2006 and later went to University of Nairobi for B.Com(accounting )and graduated in Dec.2013
I came to start my business to prevent the revenue problems that I had before joining high school because it was from the sale of livestock that I was able to continue with education.And through the mentorship from my cultural background that life without livestock is incomplete,I was not to be left behind.My Children have exactly copied the same.

My Business

My business basically deals with buying, rearing and selling of Sheep and Goats respectively. As briefly mentioned partly in my profile above, I started having passion for the same in my early age when my father used to rear them. I could occasionally accompany him to go and look after his flock of about 600 Sheep and goats respectively.
I am so passionate about these great animals because they are in very high demand. the main reason is that they are the ones used during ceremonies like funerals and sanctification/cleansing of homesteads and families during calamities like droughts, famine, and even earthquakes tho very minimal in my community.Its believed in my community that Sheep is the most holy animal from the Biblical background.
Because of the high demand and the nature of demand of these great animals, One sheep goats at around 4000Kes. and when in peak times, it can sometimes surplus the normal price up to 10,000Kes. so you can see that is a very great profit that I can make if I venture into such a business.
When I do my businesses, I use my profits to add stock of the flock, I also pay school fees for my two children who study in a high profile academies in the City.

Loan Proposal

Dear Lenders, I believe have already exploited and clearly explained the nature of my business. As mentioned above therefore, all these money that am set to raise here through Zidisha will be put in good use.to buy two good hybrid sheep for rearing and resale. Here is how;
One sheep 50 Dollars x 2
don't worry about the remainder, I will add it from my earnings because I know at the end am gonna make a huge profit to repay my highly anticipated loan. Kind regards

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 30, 2015

Repayment status

On Time

Projected term

9 months

Lenders

C

CWS

Huntington beach, ca, United States

H

Hilke

Bremen, Germany

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

AdamP

Sunnyvale, United States

P

PHU99

Zwingenberg, Germany

Evan Lamos

Brussels, Belgium

B

BobHope

United States

Paul Buchheit

Mountain View, United States

J

jdelaporte

United States

B

BigRosie

United States

DF

Dennis Furr

United Kingdom

Robert

Sweden

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  • Dauglas    Oct 29, 2015

    Congrats for your full repayment of your loan Mr. Emmanuel.

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  • Emmanuel    Apr 13, 2015

    My business is currently not doing well but hope it will pick up soon and then I'll readjust.

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  • Emmanuel    Mar 31, 2015

    Hi lenders, I thank you again and do appreciate your sacrifice to extend the loan funds to me. I bought two additional sheep to my livestock each at sh.5000.It's only that we've not had favourable weather conditions in the country recently that led to slow sales since it was so dry leading to less feeds for the livestock that led to them being less attractive to potential customers.but with the onset of the current rainy period, We've every hope that all shall go well and the business will readily pick up.I do hope my earnings will eventually increase which I expect to acquire more sheep for rearing and resale.

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  • Emmanuel    Jan 30, 2015

    Thanks lenders for your support.

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  • Antony    Jan 30, 2015

    Emmanuel hello and welcome to zindisha. May your project be a success.

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  • Emmanuel    Jan 30, 2015

    Thank you lenders for supporting my business.I promise results in the coming days. with zidisha, the sky is the limit.

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