Loan to build a pen and increase stock of my sheep
Jackson
Matuu, Kenya
100% repaid
Entrepreneur
Name
Jackson
Member since
February 2015
On-time repayments
210 installments • 10%
About Me
I am a male born in the year 1991 in a family of seven five sisters and a brother in Machakos county masinga district.Being from a poor a needy background life was not simple as i had to trek a distance of around 20 kilometers to my primary school despite all that i did well in my exams in 2005.I was admitted to high school which i struggled by working household chores at our neighbors homes in order to raise my school fees as well as for my siblings which also acted as a motivation for me to work hard in school so that i could alleviate chains of poverty in my family and well enough i passed my secondary exams and joined university which i am due to graduate this year.My hobby is playing football and i am a die hard fun of Manchester united in England and the community around likes meat as their favorite food.
My Business
I am in the sheep keeping business where i keep sheep for mutton purposes and wool for the clothing industry. I also buy and sell milk in my locality.I started the business in the year 2010 in order to cater for my university fees as well as pay fees for my younger siblings.i already have 10 sheep which i sheer for wool giving me around 20 dollars per sheep.After maturity i sell them to the butcheries at 60 dollars each having bought them at 35 dollars hence making a profit of 250 dollars within four months plus the sheering which i use as capital for my milk selling business. i buy milk at kshs 30 per litre and sell at 60 making a profit of kshs3000 for hundred litres.Owing to meat and milk being the staple food for our community there is a lot of demand which sometimes goes unmet due lack of capital. The costs involve buying young lambs,medical costs for the sheep and transport of milk to various destinations.I use the proceeds as p lough back to the business,paying my fees as well as that of my siblings.
Loan Proposal
I plan to increase the stock of sheep to have at least seven at a cost of 60usd and build a pen decent pen for the sheep at a cost of 30 Dollars and also cater for medication of the young lamps.I will be grateful for your support.Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 16, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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