Dairy farming

Anthony Mwirigi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Anthony Mwirigi

Member since

December 2015

On-time repayments

255 installments  •  85%

About Me

I grew up in a humble background in a family of five. I went to school at my nearest village primary school, where I did exceptionally well and joined a provincial level high school (Meru school), which currently has been converted to a national school. After my high school education, I began CPA (certified public accountant) classes before joining Kenyatta University to pursue a bachelor's degree in economics and finance. I am now awaiting graduation in the field of economics and finance from Kenyatta University.

Entrepreneurship as always been my driver to overcome hardships throughout my college life. I could buy clothes in large quantities and sell them to students, making a significant profit to facilitate my upkeep at the university. I started my daily farming business during my last long vacation at the university. My motivation was the financial hardships. My finance source was working in a milk production company for those few months.

In my culture people are less innovative because of plenty of food. Due to increased food insecurity in the entire country, alternative sources of income will soon become a necessity in the region, and with this forecast I decided to practice my entrepreneurial skills and start my own business. Currently I have no children, but I believe that I will grow to have a promising future come that time.

My hobby is research: I always spend my leisure time raising problem statements and business ideas to ascertain my next most viable venture to undertake besides dairy farming.

My Business

My business is dairy farming: I have two dairy cows. From my business I am able to sell milk, a commodity which has a very high demand in the market because many households have migrated to the town ("rural urban migration") and milk consumption by these households have increased, calling for more milk production by dairy farmers to sustain this overwhelming demand for milk. I choose this kind of business because I noticed there was a high shortage of milk in the market.

During my industrial university attachment, I worked in a milk processing industry in the field of internal audit. I discovered that every morning the CEO urges the employees to help the industry acquire higher milk intake from farmers due to idle machinery that could not get enough milk to process 24 hours a day. I decided therefore I could start daily production and advance it in the future to large-scale farming in order to enjoy the advantages of economies of scale and also supply raw milk to the industry.

My typical costs are costs of artificial insemination, concentrates, fodder, labour, and veterinary services of treatment. My greatest source of revenue is milk selling. I also sell accumulated manure that remains after I have used some on my fodder. I use the profits to increase my business by reinvesting it back in business and registering for my Certified Public Accountant examinations.

Loan Proposal

I will use the loan to purchase hay for my dairy cows. The cost of Hay is 600 dollars and transport cost of 100 dollar's. I will use the hay purchased to mix with other feeds in my farm like Napier grass and sillage maize to Increase the nutrition value of my animal feeds and boost milk production of my dairy cows. I expect my Milk sales to Increase by 28% and Profit by 17%.

Show original English  

About Me

I grew up in a humble background family of five i went to school in my nearest village primary school where i did exceptionally well and joined a provincial level high school.
(Meru school) which currently as been converted to a national school. After my high school education i began CPA (certified public accountant) classes before joining Kenyatta University to pursue bachelor of economics and finance. Am now a first class honours graduate in the field of economics and finance from Kenyatta University and i have also completed my CPA (Certified Public Accountant) examination . Entrepreneurship as always been by driver to overcome hardships throughout my college life. I could buy clothes in large quantities and sell to students making a significant profit to facilitate my upkeep in the university. I started my daily farming business during my last long vacation in the university my motivation was the financial hardships. My finance source was working in a milk production company for those few months. In my culture people are less innovative because of plenty of food. Due to increased food insecurity in the entire country alternative source of income will soon become a necessity.in the region and with this forecast i decided to practice by entrepreneurial skills and start my own business. Currently i have no children but i believe that will grow to have a promising future come that time. My hobby is research i always spend my leisure time raising problem statement and business ideas to ascertain my next most viable venture to undertake besides dairy farming.

My Business

My business is dairy farming i have seven dairy cows. from my business i am able to sell milk a commodity which as a very high demand in the market because many households have migrated to the town "rural urban migration" and milk consumption by these households have increased calling for more milk production by dairy farmers to sustain this overwhelming demand for milk. I choose this kind of business because I noticed there was a high shortage of milk in the market. During my industrial university attachment I worked in a milk processing industry in the field of internal audit. I discovered that every morning the CEO urges the employees to help the industry acquire higher milk intake from farmers due to idle machinery that could not get enough milk to process 24hrs a day. I decided therefore I could start daily production and advance it in future to large-scale farming in order to enjoy the advantages of economies of scale and also supply raw milk to the industry. My typical costs are costs of artificial insemination. Concentrates, fodder, Lab our, and veterinary services of treatment. Greatest source of revenue is milk selling. I also sell accumulated manure that remains after I have used some on my fodder. i use the profits from business to increase my business by reinvesting it back in business.

Loan Proposal

I will use the loan to purchase hay for my dairy cows. The cost of Hay is 600 dollars and transport cost of 100 dollar's. I will use the hay purchased to mix with other feeds in my farm like Napier grass and sillage maize to Increase the nutrition value of my animal feeds and boost milk production of my dairy cows. I expect my Milk sales to Increase by 28% and Profit by 17%.

Feedback

3

None

None

  • Vicki Stewart    Jun 18, 2019

    Thanks for paying your loan off early - would be happy to loan to you again. Good luck with your dairy farm.

    Log in to reply • Share
  • Maggie and M    Dec 24, 2018

    Anthony's payments arrived like clockwork and he finished early, we will be very happy to lend to Anthony again.

    Log in to reply • Share
  • Mary    Nov 28, 2017

    Anthony is an excellent borrower. I would recommend lending to him for any future loans!

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$715.42

Date disbursed

Aug 15, 2018

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $30.15

Credit risk payment: $108.52

Lenders

C

chrisherron

Chicago, United States

Cloudways

Malta, Malta

B

bileiro

Mandaluyong, Philippines

JTShorty

Gorham, Maine, United States

Hedwich

Gorssel, Netherlands

O

osubucks45

United States

Paul Buchheit

Mountain View, United States

F

factotums

United States

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

AKWatson3

Norwalk, United States

Mike and Jacqui

United Kingdom

JP

James Parker

Sacramento, United States

ME

Manaal Eisa

Washington DC, United States

WE

Wendy Emlyn

Devon, United Kingdom

Donna Manton

Australia, Australia

A

Andrei

United States

Thomas

Sweden, Sweden

BS

Brandon S

United States

Angela Linwood

Minneapolis, Minnesota, United States

Vratik Krocik

Prague, Czech Republic

B

BSM

France

D

David

United States

Philipp Lehmann

Zurich, Switzerland

R

RMIM

United States

B

Brian

Rancho Cordova, United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

JS

jackson silvey

United Kingdom

L

lysander

Australia

CJ

Chloe Jensen

United States

MM

Mac McKiva

United States

Joost

Noord Brabant, Netherlands

Iris

Netherlands

CJ

Carrie Jean

United States

Dao Nguyen

austin, United States

BH

Brad Holaway

Scottsdale, United States

Carol Vigurs

London, United Kingdom

J

Jason

West Palm Beach, United States

Ask Anthony 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...