Michael
Kianjoya, Nakuru, Kenya
16% repaid
Name
Michael
Member since
September 2014
On-time repayments
22 installments • 68%
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 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.
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Feb 2, 2015
Repayment status
Late
Projected term
7 weeks
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Amount repaid
$23.58
Amount remaining
$126.93
Expected completion
Mar 29, 2015
Status
Repaying late
Installment amount
$21.50
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 15, 2015 | $21.50 | Feb 15, 2015 | $11.11 |
Feb 21, 2015 | $10.39 | ||
Feb 22, 2015 | $21.50 | Feb 21, 2015 | $2.08 |
Mar 1, 2015 | $21.50 | ||
Mar 8, 2015 | $21.50 | ||
Mar 15, 2015 | $21.50 | ||
Mar 22, 2015 | $21.50 | ||
Mar 29, 2015 | $21.51 |
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