Purchasing cows to use for dairy business

Joseph Magudah

Bungoma, Kenya

Funds disbursed

$0 to go

100% funded of $753 goal

0

days left

Entrepreneur

Name

Joseph Magudah

Member since

November 2018

On-time repayments

72 installments  •  71%

About Me

i always overcome hardship by believing in myself and facing them with no excuse.the most important thing in my life is that i have to ensure i achieve my goals before moving on to the next door.i came to hear about zidisha through a volunteer mentor madetso waswa who was able to teach and show me the importance of zidisha over other lenders like the bank.My hobby is that i like travelling and reading newspaper.

My Business

i supply general supplies and also carry out construction activities ranging from water, building and road works.My services are very useful because they are on high demand .the typical cost and ranges from ksh.143,00 to 350,00 per month while the income range from ksh.650,000 to 850,00 per month.I use my profits to invest in other activities like building projects and also charitable organistaion.

Loan Proposal

i will use the loan of ksh.75,000 to purchase at least 3 new grade cows that i will use them for my home milk production for sale and home use.this will reduce the cost of buying milk everyday from the shop and also boost profit as it will also generate income for my family since we will be selling the milk to the surrounding community.thank you.

Income Source

i will use my other source of income which i earn ksh.300,000 per month.this will cushion the impact of my loss from my dairy farming.that means i will not get stuck due to the current pandemic which is affecting the economy.

Feedback

1

None

1

  • Kenny    Jan 31, 2021

    Once again I find a person that first gets a small loan amount and repays on time in order to get a larger loan and then ignore payment requests. There can always be an explanation but people just ignore their lenders and think nothing of not repaying the loan that was issued in good faith.

    Log in to reply • Share
  • Margaret    Mar 2, 2019

    Perfect repayment!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$753.67

Date disbursed

Aug 15, 2020

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $63.51

Credit risk payment: $95.27

Optional expediting fee: $63.51

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DE

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G

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VH

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