Acquiring cows for dairy business
Elijah Cheruiyot
Mogogosiek, Kenya
100% repaid
Entrepreneur
Name
Elijah Cheruiyot
Member since
October 2016
On-time repayments
148 installments • 70%
About Me
My full name is Elijah cheruiyot Langat born in a small village Siomo Bomet county in 1973. I am second born in a family of seven. My father was a driver and had a difficult time in educating us due to limited resources. I went to secondary school almost 300 kilometers away from home. Since my father was polygamous, we were five in high school. We all went to reputable high schools very far from home. I remember my father use to struggle paying our school fees on time and in full. Many instances I was left in school after closure waiting for fare back to home. The principal could at times dig into his pocket to give me fare home. I at times go to school without pocket money and the very necessities such as pens exercise books soap etc. This made me to work hard and become very innovative in life. I use to save any cent I come across to use while in school to buy my necessities.
After school I went to college did mechanical engineering diploma for three years. I remember my dad asking me not to join college because he was unable to pay for me. Since I am a strong believer of jesus Christ I trusted that God will help me to go through my college successfully. My dad accepted and paid for me first year fees. To the surprise of my dad and entire family, God helped me to get a sponsorship with Toyota Kenya which took me through meeting all the expenses. Later I secured myself a job. from there I have educated myself and did total quality management, Human resource management and technical education.
My Business
I am a small scale (Poultry and Dairy) farmer. Currently in the process of installing a biogas system through SISTEMA.bio. The entire project will cost me 178,800 to be completed. I have paid 17,880 as a deposit. Within 35 days they will install the system and require me to pay another 17,880. Thereafter i am expected to be paying 11,170 monthly for 12 months. I require the loan to pay the 17,880 and to buy fodder for my two dairy animals. I am also intending to buy one heifer to increase my dairy cows to 3.
Loan Proposal
I will purchase two dairy cows for my recently completed dairy unit. I have been running a zero grazing unit with three local breeds, two Frisians and one Ayrshire dairy cows. The production has not been impressive and the local milk market is on an increase. I therefore saw a need to upgrade my dairy cows to get better breed which is high yielding. This necessitated me to upgrade the unit so as to provide a comfortable housing for the animals.
I have just completed the unit and i am in the process of acquiring the dairy animals. I have already shopped and found good high yielding cows that can give a minimum of 25 litres per day so both will give me a minimum of 50 litres a day. The price for one 8 months in-calf cow is costing 160,000 and therefore both will cost me 320,000. I am able to raise 300,000 and i require a top up to fully pay for the dairy cows.
Income Source
As I have been running a dairy unit, milk is one commodity that is selling quite well even during this corona period. I have been selling milk locally and even run short due to low yielding cows that i have been keeping. I am sure that running a dairy unit where me and my family run, we shall be able to continue operating the business regardless of the covid-19. Most food business in kenya is regarded as most essential service and so the government have been encouraging those who produce food stuff to continue supporting the government by supplying the very essential goods to the market.
I am sure as a farmer that this will go a long way to support the country men be able to meet the very basic need to even assist during this covid-19 period
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Loan Info
Project Type
Classic Loan
Disbursed amount
$750.00
Date disbursed
Jun 28, 2020
Repayment status
On Time
Projected term
7 months
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BernadetteV Jul 30, 2017
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