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 am a pig farmer in Ruiru, Kiambu
I also run a pork centre. I buy piglets and fatten them then sell some to other pork centre and also supply to my pork butchery as well. I wish to buy more piglets to fatten at the same time buy mature pigs for slaughter.

Income Source

Despite covid 19 pandemic,many people continue to eat pork hence the sustained demand. I also sell mature pigs to other farmers and to other butcheries. I have also decided to offer takeaway pork to my neighbours whenever I slaughter pigs and these has attracted another chain of customers

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$592.69

Date disbursed

Jul 24, 2020

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Service fee: $52.50

Credit risk payment: $78.76

Optional expediting fee: $52.50

Lenders

Dave Bogard

New York, United States

E

EJOBIV

United States

RS

Ralph Smyth

United Kingdom

V

Vic

Finland

E

Eve

Switzerland

H

HJ

Switzerland

Black and White Zebra

Vancouver, Canada

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