371 installments • 83%
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.
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
I want to send my gratitude to you (Lenders) for the first loan, I was able to purchase two piglets with the money i got. Will realize the profits soon from the sale of them. My next project is the purchase of a Dairy calf USD 228 and add three more piglets USD 46 each. The rest i will built extra shade for the calf and pay for labor. I thank you in advance
Mar 22, 2014
Cost to entrepreneur
Lender interest: $447.61 at 4.50% annual rate over 4 months = $8.13
Service fee: $6.39