Romgai, Nakuru, Kenya
105 monthly installments • 94%
MY names are Sammy Kanja Nganga born in kandutura village, Rongai division, Rongai district of Nakuru County,in 1976,grew as other children in African .I was born with ten other sibling. I am married to one legal wife according to the traditional Agikuyu customs. I'm blessed with four kids, 3 boys and a girl.The girl is the apple of my heart. I started schooling in 1982, in a remote primary school called Kandutura primary school . Later Nakuru High where i successfully completed secondary Education , I started a business to earn a living and support my family.
I provide some services using a donkey pulling cart, my cart is pulled by three donkeys . I offer transportation to people and goods from the farm to the market and from the market to the farms. Most people prefer the services I provide, as a pulling cart can be used in different conditions of roads where vehicles cannot pass.The business is profitable as it only requires one to feed the animal well most oftenly. Risks include tire punchers, and death of donkeys due to pest and diseases attacks and changes in weather. In a month I usually use approximately of four thousand Kenya shilling to maintain a pooling cart and the donkey. I normally deworm the donkeys regularly and to buy some feeds additives to supplement their daily feeds. After providing the services and maintaining the pooling cart I normally get a profit of sh.10,000 that is the total earning 14,000 sh (minus4,000 expenses) in order to get the above profit.
I’m normally situated in a place called Waka centre where most farmers and business men and women who come for the service .On average I charge about kenya shillings 500 on any customer who hire my cart to transport his goods to his place of destination .At times I charge about 1000 shillings if the goods have to be taken for a distance that is greater than 8 kilometres .If given a loan, I can buy new tubes and tyres for the wheels and buy much more feeds to keep my animals strong and healthy.
Thanks for the previous two loans, it has help me a lot.For this loan i intend to buy one produce of milk cow[Frisian]worth K.E.S.70.000..K.E.S.30.000 to insure the animal because our Government has no any institution deals with Animals insurance.So i will use Private insurance to guarantee with my business.K.E.S.20.000 will be used to buy feeds and drugs for the animals to healthy.K.E.S.10.000 to construct the place it will live,in a new model standard.The business will be help full to me because milk is in high demand in our area for one lit res of milk is K.E.S.40, the cow well managed in the area producing 50 litres a day 40 will be 2,000 by30 days will be K.E.S.60,000.I will manage without problem to repay the loan .Also my wife will in job by feeding the animal,at the end of the month she will have to be paid by the percentage of the product of the animal,I will up dating you lenders .God bless you as you continue funding my loan.
Oct 4, 2012
Cost of loan
Lender interest: $1,564.29 at 2.32% annual rate over 16 months = $48.99
Service fee: $1,564.29 at 5% annual rate over 16 months = $105.60