Purchase of breeder goats and artificial insemination

Jackline Polo

Nairobi, Kenya

14% repaid

Entrepreneur

Name

Jackline Polo

Member since

February 2014

On-time repayments

47 installments  •  36%

About Me

My name is Jackline Polo but everyone calls me Jackie. Am an only child with 2 living parents who have encouraged me to be independent and work hard for a better life than what they lived as they were brought up in abject poverty but never gave up hope of a brighter future . Am a single mother of a baby boy called Frank who is an absolute joy and the light of my life, he motivates me to get up every morning and work twice as hard as other parents since I'm his mother and father (story for another day) my son is set to join high school this February 2015, with that comes plenty of financial commitment, so every coin my business can make will go a long way to pay his school fee. I live in south B Nairobi and it's a nice place I can't complain. I'm an entrepreneur and an aggressive business lady. I started a business because I've always wanted to be an employer rather than an employee. I've always had big dreams and I take advantage of every opportunity that comes my way, big or small. My business is still small but it keeps growing and my dreams for the future is to get into real estate. Hope u will consider my application for a loan which I will promptly pay back in order to keep getting bigger loans. Thank u and I look forward to a positive response from you.

My Business

My current business and primary source of income is a company called Kwanza Ventures that I started with my friend Lucia Bosire.
The company supplies fresh fruits and vegetables which we grow in my parents farm up country. The turn over for the year ending 2014 stands at ksh 1.2M ($13,283) This money is equally shared among the 2 shareholding partners after all expenses are paid, giving each of us a monthly income of ksh 50,000 ($561) the money is not much, but I manage it quite well and it can enable me pay back the loan.
I look forward to a positive response from you.

Loan Proposal

I started my goat rearing business 2 years ago with just 4 goats at the time which I purchased at ksh 2000 each ($22), fed and raised the goats so much so that when I was selling them I was able to sell one 3 months later for ksh 8000 ($89), that's how my business was born! My stock has since grown from 4 to 28. Now I realise I can make the business bigger and better by changing how I've been doing things. Instead of buying younger goats and raising them to maturity, i'd rather purchase breeders, use artificial insemination to induce the breeding process thereby increasing my stock. This process will require more financial input which will pay off in the long run. I'd like to start with 5 breeders each costing ksh 8000 ($89) X 5= ksh 40,000 ($449), artificial insemination would cost me ksh 500 ($5.6) per goat X 5=ksh 2500 ($28) my loan limit will not be sufficient to cover for all this but I will supplement with profit from sale of existing stock. In so doing I will increase productivity which will in turn increase my profits since the breeders are my own.
Looking forward to your positive response and thanks once again for the support you have given me so far.
Kind regards Jackie

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$429.78

Date disbursed

Dec 30, 2014

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Lender interest: $429.78 at 5.00% annual rate over 6 months = $11.87

Service fee: $8.78

Lenders

frankcalberg

Zürich, Switzerland

mendiros

Accra, Ghana

JB

James Broderick

Cobham, United Kingdom

B

bgalon

London, United Kingdom

H

henry3x

Aarschot, Belgium

A

alfredo

Bremen, Germany

N

Neoptol

Zell am See, Austria

M

Monarch84

Las Vegas, United States

H

Hans57

Berlin, Germany

G

Givemoreuseless

Waterloo, Canada

J

jra299

New York, United States

Eduardo

Zollikofen, Switzerland

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

J

johan

Oslo, Norway

Spyque

Saint James, United States

T

tatts2000

melbourne, Australia

J

JLewe

Atlanta, Georgia, United States

Raoul72

Naarden, Netherlands

Zidisha

Sterling, United States

E

evanglend

Arlington, United States

OliverSouthwick

London, United Kingdom

B

blahblah

Nuernberg, Germany

C

chrisn

Egg, Switzerland

TheWhiteCat

Surrey, United Kingdom

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

rasmus

Bern, Switzerland

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

ads68

Melbourne, Australia

I

imnot

Stafford, United Kingdom

Gordons28

Santa Monica, United States

Muslim

Riyadh, Saudi Arabia

J

jfragisk

Toronto, Canada

B

BobHope

United States

pvilliger

Zurich, Switzerland

H

HoseB

San Francisco, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Jackline 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...