Purchase of 10 piglets for commercial purposes
Samuel
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Samuel
Member since
January 2014
On-time repayments
371 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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$577.00
Date disbursed
Aug 22, 2014
Repayment status
On Time
Projected term
9 months
Lenders
Austin, United States
Guildford, United Kingdom
Vietnam
United States
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