Daniel
Eldoret, Kenya
94% repaid
Name
Daniel
Member since
January 2017
On-time repayments
38 installments • 84%
i was born and raised in a place called Kapsabet in Eldoret, I was named Komen in kipsigis meaning hard worker, and true to the name i believe to have worked hard right from my primary school. I was a pupil at Kipsigis Day Primary school before joining Kapsabet boys secondary school and later on joined Moi University for higher education.
At the university i pursued Agriculture and economics. I loved agriculture because i was brought up in a background of farmers. I saved money while in school and when i was in my third year, i managed to buy a cow using the money that i had saved. My mother back at home w3as taking care of the cow while i was in school.
I came to start doing dairy farming after completing my school. I used the cow that i had bought to do the dairy farming business in addition to another one that i recently acquired. That description basically gives details of how in came to start the dairy farming business.
What i find unique in our land is that many young people are going to the university and they forget there roots, they constantly chase the white color jobs in disregard of the local businesses at home like farming among others
i provide dairy services to the local;s in Kapsabet town, i own two dairy milk cows that gives me milk everyday in the morning and in the evening, the milk that i get goes to the locals for sale and i also take the surplus to the Kenya Cooperative Creameries where i sale the raw milk for fine processing and packaging. This services are useful because in our community milk consumption is the order of the day and hence many people must consume milk on daily basis, this makes the commodity to be useful and also on very high demand.
I chose this business because i had studied well at the university on livestock keeping and also i wanted to practice a native business. A business that has taken care of me since was a small boy to the very date.
I have been using the profits that i get to take care of my mother at home and some of my siblings, take care of the cattle by buying feeds for them and also maintaing there health, i have also been making savings when i get a lot of money with one aim of buying a milking machine for my cows
Ones i receive the loan, i will use the money to buy a milking machine for my cow. The animals have been producing a lot of milk lately and thus it becomes quite cumbersome to milk the cows manually. The machine cost 400 usd, with the loan, i will be able to top up the remaining amount from my bank savings and buy the milking machine.
I will benefit from the same because with the machine, i will be able to get assistance with milking and also i can be able to increase the production because with manual milking a lot of milk are not well milked from the cow.
I expect and increase in my profits by almost 40% in the first three months of using the machine
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$16.00
Date disbursed
Jan 23, 2017
Repayment status
On Time
Projected term
8 weeks
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Margaret Sep 25, 2017
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