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 overwhelmed with joy for being able to clear my previous loan, i am back again asking you kindly to fund my loan to enable me purchase a Holstein heifer cow that i will enable me increase my milk yield. currently i can do at least 20 liters of milk per day and selling for USD 0.5 making it a total of USD 10 per day, with the purchase of the cow i will increase that to between 40-50 Liters making it USD 20 or USD 25 respectively. I am being sold the cow by a very good farmer in our neighborhood so i am assured that the produce will be good. It is selling for USD 1,214 meaning that i will top up the balance from my saving. i believe that it is the best sound investment for me at the moment and i would be pleased if you share the Journey to success with me. Thank you in Advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$816.00
Date disbursed
Jul 6, 2015
Repayment status
On Time
Projected term
10 months
Lenders
Taiwan
United States
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