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

I will use the loan advanced to me in buying a new set of pig bread. Initially I was reading two breeds i.e landrace and Comborogh. I want to introduce Duroc breed into my farm so as cross breed the 3 for superior results. Duroc breed grows very fast hence shortening the period for rearing my pigs from 7months to even 5-6 months.

Income Source

I also run a pork supply business to pork centre around Ruiru town. With the current covid situation, food industry is the only profitable business around the country and am glad am able to supply pork event at this difficult period. I sell a kg for KES 360 and hence from a single pig of 80 kg, I get at least KES 20,000.Thus I'll comfortably service the loan. From my previous history, am even able to clear the loan before due dates.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$395.13

Date disbursed

May 30, 2020

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $33.29

Credit risk payment: $73.25

Optional expediting fee: $33.29

Lenders

MarktheMormon

Sandy, Utah, United States

JessieD

Alexandria, Va, United States

Cloudways

Malta, Malta

juliemartha

Lake Mary, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

Jason

Auckland, New Zealand

sderickson

Berkeley, CA, United States

Mikers

Netherlands

S

Stephan

Netherlands

Vratik Krocik

Prague, Czech Republic

Paul Buchheit

Mountain View, United States

R

Roman

Slovakia

J

Jason

West Palm Beach, United States

JR

Jose Ramirez

World, Spain

L

Leo

United States

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