Loan to purchase a chaff cutter

Godfrey Kimathi

Meru, Kenya

37% repaid

Entrepreneur

Name

Godfrey Kimathi

Member since

December 2014

On-time repayments

88 installments  •  23%

About Me

My name is Godfrey Kimathi Mburung'a. I was born on 11th September 1985. I was 6 years old when i started my primary education at Kianthumbi Primary School where i completed my primary education in 2002.I then joined Ontulili High School in 2003 for my high school education and completed my Kenya Secondary Certificate Education 2006.
The main hardship i have encountered after completing high school is the raising of capital to start my agribusiness which was about $500.00 (apr. 43,000 KES), that includes the cost of putting up the farm structures and acquiring one dairy cow,a heifer.
The idea came to me when i needed money for upkeep,the farm needed organic fertilizer which would be readily available if i had kept a dairy cow. I started milking the cow after its first calving. I sold the milk daily to get income, thereafter it has developed into a small scale agribusiness which i intend to expand after acquiring the capital.
My home place has a cool and wet climate which is best for dairy farming. Animal fodder is readily grown in our farm.
I want my children to get quality education and have all the resources to see them succeed in life.
In my past time i like reading books on business including agribusiness,business and entrepreneurship articles.

My Business

I have one employee who takes care of my dairy cows, paid about $75.00 per month. I also sell milk,organic manure and bred dairy calves.
The services are useful because offer a permanent employment to my employee. The goods are on high demand such as organic manure is on high demand on the planting season.milk is always on demand in my area,therefore the goods and services are useful.
I chose this business because i had a passion and a lot of curiosity for agribusiness,the climate favored the business too. i am also animal-husbandry.
Monthly i spend about $120.00 on food,veterinary costs and structure maintenance. The costs increase as the number of cows increase.
I reinvest part of my profits in my growing business. I also use the other part in home improvements .s

Loan Proposal

After being full funded I will be able to purchase a new chaff cutter for my agribusiness which will help me feed my dairy cows without any waste of the fodder.The chuff cutter will cost $330 (Apr 30000 kes).The benefits machine is to help me feed my dairy cows faster than before because I will be able to grind the fodder faster and also in small pieces for a good feeding of the dairy cows, I am hoping to increase my profits with higher percentage because I am expecting my dairy products to increase by $110 (10000 kes) per week because I have two dairy cows at their third calving and the produce is already high

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$209.27

Date disbursed

May 14, 2015

Repayment status

Late

Projected term

16 months

Cost to entrepreneur

Service fee: $7.82

Lenders

AltruisticSelfishnes

Chicago, United States

nicole

Worcester, Ma, United States

fairspirit

Utrecht, Netherlands

H

howard

Vence, France

stanbogdanov

Sofia, Bulgaria

B

beckynagel

United States

Jonas

Brussels, Belgium

C

ColoradoSkier

Denver, United States

SuperMario28

Cudahy, United States

Ask Godfrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Godfrey Kimathi    Jul 21, 2016

    I would like to be paying 250 KES every week since i lost almost everything because of a diseases which affected my income and i was unable to pay the outstanding loan,so far my income is so down but i will make sure i will do my best to pay each week.

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  • Godfrey Kimathi    Jul 20, 2016

    Im back again after along struggle,life has not been good on my side for the last one year but i thank God for keeping me safe,i had a bad time with my farm after loosing every they in my farm but because of God i back again.

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  • Godfrey Kimathi    Jun 22, 2015

    I'm back again after a long struggling with my family

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  • SuperMario28    May 29, 2015

    How is the chaff cutter working out for your business?

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    • Godfrey Kimathi    Jun 22, 2015

      The chaff cutter has helped me a lot although I had a lot of problems with my family but now I'm back

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  • Godfrey Kimathi    May 18, 2015

    This is the chaff cutter I managed to purchase

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  • Godfrey Kimathi    May 15, 2015

    Let me take this humble time to thank all the lenders who took their time to lend me,I have already received the money and I am already in my town that is Meru town to purchase the chaff cutter,may the Lord bless you all abundantly. Thank you again

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  • Godfrey Kimathi    May 14, 2015

    I will buy a chaff cutter with the money,the chaff cutter will help me a lot by reducing the waste of the fodder I used to get before. Now let me take this great opportunity to thank all the lenders who managed to lend me the money,thanks all

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  • Lucy Muthoni    May 13, 2015

    great work all the bnest in your venture

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  • Annah Mwaniki    May 12, 2015

    Great work Godfrey.

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  • Godfrey Kimathi    May 7, 2015

    Coloradoskier,Nicole and superMario28,I am very greatful for your comments and I'm very happy for your lending and more happy for promising me to also lend me in future,I managed to pay my loan in full due to the increase of my dairy products and also from my farm.may God bless you all

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  • Godfrey Kimathi    May 4, 2015

    Dear lender,I am very greatful for the support of the loan I got from zidisha,I managed to purshase a good health heifer which I have already done the first artificial insemination and the heifer is already one month after insemination, I thank all my lenders and may God bless u.

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  • Godfrey Kimathi    Apr 28, 2015

    Dear leaders, I am happy to let u know that one of my cows has calved the third calf which is a heifer two weeks old,now I am able to produce 40 litres of milk per day which goes at $0.5 per litre (Apr 45 kes).now am able to make $18 per day from milk only. Now I have decided to increase my weekly payment at $78 (Apr 7000 kes) per week.I have a good reason to thanks zidisha and I'm seeing myself going far to achieve my dreams.

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  • Godfrey Kimathi    Apr 28, 2015

    Dear leaders, today is the relaxing day of my dairy cows,this is one of my cows, I am very greatful for our support, may God bless u

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  • Godfrey Kimathi    Apr 25, 2015

    Dear lenders, these are the heifers that I managed to purchase with the loans I got from the good lenders of zidisha, thanks and me God bless u

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  • Godfrey Kimathi    Apr 24, 2015

    Dear lenders, thanks a lot for the loan which im still servicing,I have moved along well with the herfeir I managed to purchase and now I have already done the artificial insemination from our best A.I company in meru.I am very happy indeed may God bless you all.

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  • Godfrey Kimathi    Apr 7, 2015

    I am back again,i have been dealing with family matters but now im back because of the grace of the Lord,the heifer i purchased with the loan i got from the Zidisha lenders is growing too fast,I am very happy coz my bussiness is growing too fast.Thanks all my lenders

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  • Godfrey Kimathi    Mar 23, 2015

    Memorable moments at lewa wildlife conservation

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  • Godfrey Kimathi    Mar 19, 2015

    Thanks a lot to God I'm back again.Let me take this opportunity to thank all the zidisha team and my leaders for the good work they are doing,the loan I got from u helped me a lot and my project is doing well.Thank you and may God bless u all

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  • Godfrey Kimathi    Mar 1, 2015

    Feeding my dairy cows im very happy you all have made me reach this far,thanks and may God bless you all

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  • Godfrey Kimathi    Feb 13, 2015

    My new dairy heifer

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