Purchase of merino sheep

Simon

Engeneer, Kenya

2% repaid

Entrepreneur

Name

Simon

Member since

August 2015

On-time repayments

209 installments  •  51%

About Me

I was born in 1976 a first born in a family of 3, 1 boy and 2 girls being the only boy in the family, there was a lot of expectation.i started schooling at weru nursery and later centre primary later joining njabini high school finishing in 1996. I did not further my studies due to lack of fees.i embarked on farming.am married and live in kinangop together with my family of 6 children,3 boys and 3 girls.am a farmer dealing in both livestock and cultivation of crops. Kinangop is a good place with ample climate in the Kenya highlands. We receive two kind rainfall; relief due to aberdare ranges and convectional rain due to lake Naivasha. Due to this there enough rainfall throughout the year. I cultivate crops including French peas, carrots and irish potatoes.i also have kept sheep poultry and a dairy cow.With the help of my wife we are able to undertake the different farm chores without any problem. I have 2 boys in high school and have to work hard to cater for their fees.

My Business

Am in farming business mostly dealing with cultivation of French peas,irish potatoes and carrots.i have also reared 4 sheep several chicken and a grade cow.am mostly concentrating on dairy farming. I have one cow which produce 11kg of milk per day.we usually use 2kgsfor home consumption and sell 9kgs to musan dairy co-operative society at cost of USD0.3 per kg. on average am able to save USD20 dollars after expenses and other operating cost. The main challenge of dairy farming in my farm is fodder for the cow.i have to ensure fodder is available throughout the year for consistency.

Loan Proposal

My lenders,am intending to buy 15 merino sheep at a cost of usd60 per sheep in a source which is a bit remote and very dry and transport them to our area where I will fatten them and later dispose them at a profit.am sure this business will give good return for me as I have a friend who does the same business and is ready to show me the business the extra cash will be used for feeding the sheep before disposal.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,413.00

Date disbursed

Aug 18, 2017

Repayment status

Late

Projected term

28 months

Lenders

Paul Buchheit

Mountain View, United States

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