To buy drugs and building materials
Michael
Kianjoya, Nakuru, Kenya
16% 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
I want to expand the goat house so that i separate males from females and from young goats, and from gestating goats because all these require different handling. I want to buy wood building materials and iron sheets for extending roof, will cost be KES10000. I want also to buy different drugs for different needs of the goats to be ready all the time and to avoid disease outbreaks. For this I will use the remaining 3000.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Feb 2, 2015
Repayment status
Late
Projected term
7 weeks
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