Entrepreneur
Name
Paul
Member since
August 2012
On-time repayments
187 installments • 36%
About Me
I am a Kenyan aged 29 years and hold a Bachelor of Arts (Economics, with IT) degree from Maseno University. On top of this I have CPA Section five qualifications. Previously, I have served as Accounts Assistant at Stoke Insurance Agency and as a Research Assistant at Digital Archives LTD. Most recently, I served as Agent Banking Consultant with Kenya Commercial Bank stationed at Gilgil Branch. I resigned from employment to start a business which is my passion and also make a positive impact to the local community. The experience that I have acquired during my working life has sharpened my entrepreneurial skills.
My Business
I started engaging in business while still in college where I would offer printing and photocopying services to students. After college, I became actively employed in different organizations until I realized that I had a passion in business and not employment and hence my resignation. Currently am engaged in dairy farming at the outskirts of Nakuru town. The population of Nakuru town has risen tremendously especially after Post election violence of 2008. The high population has made the demand of milk to go high; the current production do not satisfy the market. Having realized that, I sought ways of increasing production of milk and hence my income. The most important thing is to improve my herd by rearing high quality breed of cows and feeding them appropriately. The greatest challenge I am facing in dairy farming business is high cost of dairy feeds especially during dry periods. If I could access cheap funds, I will purchase hays and keep stock to feed my cows during dry spells. I, therefore request for a credit facility that would not only see my dream come true but also create employment opportunity for youths in my locality. Revenue from the sale of milk for 2 cows per month is Ksh. 35,000. Total expenses per month include salaries and wages Ksh. 4,000, Dairy feeds Ksh. 10,000 and medicines and pesticides Ksh. 3,000. The net cash flow from dairy farming business is Ksh. 18,000.
Loan Proposal
Dear lenders,
It is another rainy season in Kenya and thus I seek a loan
to plant fodder crops for my cows. Nakuru County, kenya is experiencing a change of weather pattern and thus making farming very unpredictable. The change of weather pattern has informed me to grow fodder during rainy seasons and storing the fodder in my stores so as I have a buffer stock of feeds throughout the year. I am particularly passionate of dairy farming as I have learnt all the techniques involved over the period of three years I have been in dairy farming.
I seek a loan of around USD 400, the loan will be used to grow animal fodder that will ensure enough feeds for my cows. In a month I make USD 200 from sale of milk. the cost of feeds, veterinary services and labor is around USD 70 thus giving me a profit of around USD 130. This amount and other income I receive from other farming has improved the quality of life and goods news is that I have enough savings to pay for my masters degree.
Thanks Zidisha lenders in advance as you lend me the funds.
Regards,
Paul Waweru
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Loan Info
Project Type
Classic Loan
Disbursed amount
$408.00
Date disbursed
Apr 17, 2016
Repayment status
On Time
Projected term
10 months
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