Paddock enhancement & growing dairy goat feeds
George
Kinoo, Kenya
100% repaid
Entrepreneur
Name
George
Member since
March 2014
On-time repayments
238 installments • 13%
About Me
I am a 38 years old married man with two daughters; the elder one being 10years and the younger one four years old. I work in Sales . I am also a committed Christian and Church elder.
I have a Bachelor of Commerce degree, which equips me with entrepreneurial skills.
I wish to get a loan to improve my livestock farming, i.e. to buy dairy goats to add onto my flock. I started a livestock farming project in Embu about a year ago, currently with five ordinary/non-dairy goats, and ten chicken. In the long term, I also hope to diversify my dairy farming to include dairy cattle, and farther in future extend to a milk processing plant, commercial biogas, and marketing of the same.
Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.
My wife recently opened a kindergarten business, which I have been funding from my monthly salary. I also pay school fees for my two daughters, and support two orphaned nieces with their school fees and general upkeep, which leaves me a bit strained financially.
Your financing towards my loan application will go a long way in ensuring that I am financially stable, and able to support them more effectively.
My Business
I am employed in the sales department, which makes it easy for me to repay the loan on monthly instalments.
My intended business is dairy farming. I have began with dairy goat farming, planning to eventually expand to dairy cattle, and in the long term a milk processing plant, and commercial biogas.
Dairy goat milk is in high demand in Kenya, with a litre retailing at $ 3. This would earn me $ 9 per day, since the goat produces approx. 3 litres per day, which would translate to $ 270 per month. I hope to gradually establish a flock of dairy goats to eventually 20 goats, which will be earning me $ 5,400 per month.
Loan Proposal
Thanks to all lenders for the first two loans, which enabled me to buy two dairy goats.
I am glad to apply for a third loan after successfully repaying the first two.
I wish to apply for approx. USD 150 which I intend to use to buy a materials to enhance the paddocks and also nappier grass seedlings, among other farm inputs to be planted as sustainable goat feeds.
I will gradually expand my flock of dairy goats for the purpose of supplying milk to the community in Embu District and possibly beyond since this is in high demand but very minimal supply currently. This is the gap I wish to bridge.
I appeal to lenders to lend me this amount to help me take this project to the next level.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Jul 1, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Glasgow, United Kingdom
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