Purchase of 10 piglets for commercial purposes

Samuel Kuria

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Samuel Kuria

Member since

January 2014

On-time repayments

369 installments  •  83%

About Me

My names are Samuel Kuria Ndungu,37yrs of age, currently living in Embakasi Pipeline,Rehema flats A12 Outering road Nairobi. I am a Technician and work in town in a company called Selex international ltd repairing ICT equipments apart from that i rear Quails in Rongai and have a family farm in Kiambu that we produce farm products, I get a certain percentage of the profits, I started the Quails business last year to boost my income and help me achieve certain goals in life. Most of the earning I buy more quails and their food and fertilizer for the farm. I intend to start exporting the Quails to other countries and part of the loans would be used for that.

My Business

I get my source of income from three places, First i earn a steady income as a Technician,My newest investment is the Keeping of pigs, I get good returns from them i buy one piglet for USD 50 and sell them at USD 2.5 per KG. Most of them weigh above 75kgs giving me a total of USD 187 per pig.I also Rear Quails in Rongai where i have several of them and i do sell them prices ranging from USD 3.9-5.6 depending on the age. Also i get a percentage of profits from a family farm in Kiambu. On a good month i can get a profit of between USD 111-167

Loan Proposal

Hi Lenders, I am forever grateful for the help you have given to me financially, It has been of great help to me and my family. These time around i am back to ask for your help again. I intend to purchase 10 piglets at a cost of USD 50 each. The market rate for a fully matured pig or minimum 75 kg pig is USD 2.5 per Kg. Giving a total of USD 187 per pig. In total i will Use USD 500 for the purchase and the rest for feeds and pay my worker. Part of the profit for Last time i was able to help my parents in paying school fees for my youngest sister who is still studying. Thank you Lenders in advance.

Feedback

10

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$579.01

Date disbursed

Aug 22, 2014

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Lender interest: $579.01 at 10.64% annual rate over 9 months = $49.76

Service fee: $16.70

Lenders

Kitty

Hailsham, United Kingdom

C

cjmenchaca

Austin, United States

J

jjonas

berlin, Germany

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

B

bopsquod

Seattle, Wa, United States

Cloudways

Malta, Malta

F

Fischer

Calgary, Canada

M

Mårten

Inden, Switzerland

juliemartha

Lake Mary, United States

ads68

Melbourne, Australia

Bhayl

Stavanger, Norway

basicus

Cairo, Egypt

Cricketca

San Jose, United States

calvero

Bergen, Norway

gseletko

South Perth, Australia

D

DavidJSmu

North Attleboro, MA, United States

Sarasota

Sarasota, Fl, United States

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

markpearson

Portsmouth, United Kingdom

H

Haavard

Bergen, Norway

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

D

Daisy

Netherlands

A

Ansgar

Australia

larry

Sweden

Agerfar

Aarhus, Denmark

P

Panda6689

United States

Vesa

Helsinki, Finland

Loungin

United States

Mikers

Netherlands

J

JF2014

United States

M

MigwiK

Brecht, Belgium

P

pdm083

United States

A

adamdreaming

United States

Ask Samuel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...