Purchase of dairy feeds

Stephen

Eldoret, Kenya

63% repaid

Entrepreneur

Name

Stephen

Member since

August 2017

On-time repayments

92 installments  •  23%

About Me

My names are Stephen Chumba from Eldoret, UasinGishu County. As young boy I grew up in the village and went to school in the same vicinity from nursery to standard seven. Live was not all that rosy.
There were difficulties but I overcame because I knew there was a future and I had to work hard. After my secondary I started my small farming and I am still doing it to-date. After the rich had harvested their farms, I could go to look for anything that
was left and would gather little from many farms sale for an income that helped me to start farming. The land and the people around me are friendly helpful in many ways.
I have five children. One wants to be a farmer,another a teacher, another a doctor, another business. All are still at school. I love reading.
.

My Business

Maize production and dairy farming is mainly my business. Maize is staple food and milk too. I chose this kind of business because it is easier and has ready market.The typical costs depends on the cost of seeds, fertilizers,farm iplements and animal feeds
during dry spells
The profits goes to improvement of the business, school fees and other family needs
that may arise from time to time.

Loan Proposal

I will purchase twentyfour bags of dairy feeds for my cows at five dollars per every bag.The said feeds will boost the production of milk.More milk will attract more cash flow which will help me meet the repayment schedule.It will also promote cows health condition.I expect to realize an increase of about fifteen litres of milk each day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

Mar 3, 2018

Repayment status

Late

Projected term

17 months

Lenders

PG

Paul Graham

United States

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