Loan to expand sheep house and buy two other sheep

Shadrack Mutai

Koiluget Village, Kenya

25% repaid

Entrepreneur

Name

Shadrack Mutai

Member since

June 2014

On-time repayments

167 installments  •  4%

About Me

My name is Shadrack Mutai a Kenyan citizen,I am a last born in family of ten,six boys and four girls,My home place is located in in koiluget viillage chepngoror location,Ainabkoi Division,Uasin Gishu County of Kenya,thisis also 41 kilometers South East of Eldoret town.

I a small scale farmer invovled in sheep rearing and crop farming.Sheep rearing and selling takes short time to reproduce and requires less grass compared with other kind of livestock.

I like assisting the less fortunate in the society with the little profit I get and vteach the youth to be self dependent and be resposible citizens.

My Business

My name is Shadrack Mutai a Kenyan citizen,I am a last born in family of ten,six boys and four girls,My home place is located in in koiluget viillage chepngoror location,Ainabkoi Division,Uasin Gishu County of Kenya,thisis also 41 kilometers South East of Eldoret town.

I a small scale farmer invovled in sheep rearing and crop farming.Sheep rearing and selling takes short time to reproduce and requires less grass compared with other kind of livestock.

The the demand for mutton is high and this has made me to invovle my self in this kind of agribusiness,I also buy sheep from farmers and sell them to some farmers making a profit.
The profit I get is ploughed back to the business.Tjhe major challenge I face is inadequate funds for expansion,treatment and expansion of the sheep house.I believe with $140 I will be able to do the above.

I will be able to repay the loan through the profit I get from selling sheep

Loan Proposal

With the loan of $140 I will be able to extend the sheep house,buy drugs for teatment for the sheep and buy two other sheep so that I can expand my business.

I will also employ one disadvantaged person in the society to take care of the sheep and help me feeding them when I am away.This will enable him/her feed his/her family and be self dependent in the future.

With your funding employment will be created and supply for mutton will be achieved.This will go in along way in improving the gross domestic product of my country hence increased per capita,reduction of poverty levels and raised standards of living and improved access to health facilities due to raised income.In general the millenium development goals will be attained.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.33

Date disbursed

Jul 28, 2014

Repayment status

Late

Projected term

39 months

Cost to entrepreneur

Lender interest: $150.33 at 3.80% annual rate over 39 months = $18.57

Service fee: $17.45

Lenders

P

phangsang

Seattle, United States

indeh

London, United Kingdom

V

Valis

Singapore, Singapore

fairspirit

Utrecht, Netherlands

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

J

jbhernan

United States

Leonardia

Waddinxveen, Netherlands

DennisM

Netherlands

tricia190

Liverpool, United Kingdom

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