Loan to buy a milking machine for faster services

Fridah Mwandoe

Kilifi Kibarani, Kenya

100% repaid

Entrepreneur

Name

Fridah Mwandoe

Member since

September 2013

On-time repayments

47 installments  •  70%

About Me

My names are Fridah Mwandoe , I am the first born among a family of five, I have got two brothers, mum and dad. We are a christian family residing in Kibarani just behind the Deaf secondary school at Kibarani. The main economic activity undertaken is rearing of dairy cows for milk production. Sold out to sustain family needs, but due to increased financial requirement for veterinary and cow feeds the funds obtained are inefficient to support this activity to enable increased milk production. I completed my studies in environmental science at Pwani university here in Kilifi county.

My Business

I have a business of selling milk, which I have been running for three years. The product is doing well as I get a net profit of more than three hundred shillings a day. My customers are the teachers from Kibarani for the deaf primary and secondary school and the nearby hotels around my home. If I get this loan I will be in a position to increase the amount of food for my cows and better pay the person who takes care of my cows, so that he can get the moral boost to continue doing this job of mine. I will also use this money to market my business to the big hotels or tourists hotels in the area, whereby they can buy my product at a reasonable price.

Loan Proposal

Thank you so much for this chance. I will use this loan to buy a milking machine which will cost me USD 250 and the rest of the amount will be spent in marketing.
I have four cows which produce more than two hundred liters a day. Being able to pay someone to assist me and to buy the machine will put me in a better position.
The remaining of the amount will be used to do marketing, especially this month of November and holidays as the hotels have more tourists.

Show original English  

About Me

My names a Fridah Mwandoe ,am the first born among a family of five got two brothers mum and dad. we are a christian family residing in kibarani just behind the Deaf secondary school at Kibarani. the main economic activity undertaken is rearing of dairy cows for milk production. sold out to sustain family neeeds,but due to iincrease financial requirement for veterinary and cow feeds the funds obtained are inefficient to support this activity to enable increased milk production. I completed my studies as a student of environmental science at Pwani university here in kilifi county.

My Business

I have a business of seling milk, the selling of milk have been for three years ,the product is doing well as I get a net profit of more than three hundred shillings a day. My customers are the teachers from Kibarani for the deaf scondray and primary school and the nearby hotels around my home. If i get this loan I will be in a position of increasing food to my cows and pay the one who takes care of my cows a better pay so that he can get the moral boos of doing this job of mine. I will also use this money to market my business to the big hotels or tourists hotels in the area whereby they can buy my product at a reasonable price.

Loan Proposal

Thank you so much for this chance. I will use this loan to buy a milking machine which is will cost me USD 250 and the rest of the amount will be spent in marketing.
I have four cows which produce more than two hundred liters a day. when I estimate the cost of paying someone to assist me and buying the machine then I will at a better position.
The remaining of the amount will be used to do marketing especially this month of November and holidays where by the hotels have more tourists.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$298.08

Date disbursed

Oct 29, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $298.08 at 5.18% annual rate over 3 months = $4.62

Service fee: $3.26

Lenders

MindMuse

Talking Rock, United States

Stefano Bertolo

Luxembourg, Luxembourg

R

ronimo

Brussels, Belgium

Laparo

Dusseldorf, Germany

DennisM

Netherlands

P

Prometheus

Duisburg, Germany

SE

Sven E

Mannheim, Germany

J

Joas

Hannover, Germany

B

Bernhard

Baden - Baden, Germany

D

Doug

Baltimore, United States

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