Livestock farming (pigs)

Samuel Ngigi

Nairobi , Kenya

100% repaid

Entrepreneur

Name

Samuel Ngigi

Member since

October 2019

On-time repayments

98 installments  •  44%

About Me

Am Samuel Ngigi. Currently living in Nairobi Am a banker by profession and and currently doing pig farming here in Kenya

My Business

I do pig farming .The business is small scale, with a current herd of 50pigs. The major challenge is feeds, which are a bit costly. Another challenge being the market price,with a kg retailing for KES 460 whereas farmers sell at Kes/280 per Kg

Loan Proposal

Am involved in pig farming and butchery business. With this loan, I'll use it to buy more pig feeds. I have 42pigs in stock which i slaughter on a weekly basis. A kilo of pork retails at KES 460.

Income Source

i have a stock of 42 pigs which i slaughter at least 3 on weekly basis and supply to my pork butchery. Each pig gives a return of at least 20000 depending on the total carcass weight. A kilo of pork retails at KES 460 and thus i can comfortably repay the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$109.76

Date disbursed

May 4, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $9.72

Credit risk payment: $15.56

Lenders

JH

Joseph Hwang

Houston, United States

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