To add more goats

Michael

Kianjoya, Nakuru, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

September 2014

On-time repayments

22 installments  •  68%

About Me

My family and I live in kianjoya village, a place with moderate climate. I am a teacher by profession and I teach at Kianjoya Secondary school. I decided to start rearing of milk goats to increase my income so as to sustain my family. There are many advantages related to this business/project because i am able to educate my children, have enough milk for my family and sell a few litres to neighbours. I also sell young goats to new interested farmers at a profit and these goats are expensive. curretly, i have 7 mature goats and four young goats. during my free time i like playing table tennis and darts with my friends and colleagues.

My Business

My business is both a business and a family project where i rear milk goats primarily Toggenberg breed. They are not exactly pure breeds but they do well in the local climate relative to local indigenous breeds. I get 1 litre per goat although some times they produce more. I sell locall at Kshs. 40 per litre which translates to about Kshs. 4000 in a month. I also reduce costs of buying milk for the family which is a great advantage to me. I spend the money in buying feeds and drugs for the goats and the remaining i add to school fees for my children and their upkeep. If i get a loan, it would go a long way in improving this business which will in turn uplift my standard of living.

Loan Proposal

thank you for the previous loan. am so gratefull. i do propose my second loan of kes 13160 as i want to add more goats. addition of more goats will increase my income. this will be profitable as it will make me introduce another project of livestock such as poultry keeping

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.00

Date disbursed

Dec 8, 2014

Repayment status

On Time

Projected term

7 weeks

Lenders

S

spivurno

United States

Johannes Duerk

Bochum, Germany

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