Godfrey
Meru, Kenya
100% repaid
Name
Godfrey
Member since
December 2014
On-time repayments
88 installments • 23%
My name is Godfrey Kimathi Mburung'a. I was born on 11th September 1985. I was 6 years old when i started my primary education at Kianthumbi Primary School where i completed my primary education in 2002.I then joined Ontulili High School in 2003 for my high school education and completed my Kenya Secondary Certificate Education 2006.
The main hardship i have encountered after completing high school is the raising of capital to start my agribusiness which was about $500.00 (apr. 43,000 KES), that includes the cost of putting up the farm structures and acquiring one dairy cow,a heifer.
The idea came to me when i needed money for upkeep,the farm needed organic fertilizer which would be readily available if i had kept a dairy cow. I started milking the cow after its first calving. I sold the milk daily to get income, thereafter it has developed into a small scale agribusiness which i intend to expand after acquiring the capital.
My home place has a cool and wet climate which is best for dairy farming. Animal fodder is readily grown in our farm.
I want my children to get quality education and have all the resources to see them succeed in life.
In my past time i like reading books on business including agribusiness,business and entrepreneurship articles.
I have one employee who takes care of my dairy cows, paid about $75.00 per month. I also sell milk,organic manure and bred dairy calves.
The services are useful because offer a permanent employment to my employee. The goods are on high demand such as organic manure is on high demand on the planting season.milk is always on demand in my area,therefore the goods and services are useful.
I chose this business because i had a passion and a lot of curiosity for agribusiness,the climate favored the business too. i am also animal-husbandry.
Monthly i spend about $120.00 on food,veterinary costs and structure maintenance. The costs increase as the number of cows increase.
I reinvest part of my profits in my growing business. I also use the other part in home improvements .s
Wen i get the money intend to increase my dairy cows and also expand my cow shed for the new heifer i will purchase. The heifer will cost 117.65$ (10000 Kes) the balace will help me expand the cowshed and also increase the feeds for the cows which will cost 82.35$(7000 Kes).The increase of my dairy cows will help me benefit alot from high production of milk and also increase organic manure for ma farm,it will also help me pay fees for my brother who is pursuing degree in economics. I expect to increase ma dairy product monthly with around 80$ (6800 Kes) monthly.
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$197.00
Date disbursed
Feb 3, 2015
Repayment status
On Time
Projected term
2 months
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Amount repaid
$205.28
Amount remaining
$0.00
Date repaid
May 2, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 15, 2015 | $5.27 | Feb 15, 2015 | $5.27 |
Feb 22, 2015 | $5.27 | Feb 15, 2015 | $0.29 |
Feb 21, 2015 | $4.98 | ||
Mar 1, 2015 | $5.27 | Feb 21, 2015 | $0.58 |
Mar 1, 2015 | $4.69 | ||
Mar 8, 2015 | $5.27 | Mar 1, 2015 | $0.87 |
Mar 12, 2015 | $4.40 | ||
Mar 15, 2015 | $5.27 | Mar 12, 2015 | $5.27 |
Mar 22, 2015 | $5.27 | Mar 12, 2015 | $5.27 |
Mar 29, 2015 | $5.27 | Mar 12, 2015 | $5.27 |
Apr 5, 2015 | $5.27 | Mar 12, 2015 | $2.02 |
Apr 5, 2015 | $3.24 | ||
Apr 12, 2015 | $5.27 | Apr 5, 2015 | $2.31 |
Apr 13, 2015 | $2.96 | ||
Apr 19, 2015 | $5.27 | Apr 13, 2015 | $0.04 |
Apr 22, 2015 | $5.22 | ||
Apr 26, 2015 | $0.11 | Apr 22, 2015 | $0.11 |
May 3, 2015 | $152.50 | Apr 29, 2015 | $44.44 |
May 2, 2015 | $22.22 | ||
May 3, 2015 | $85.83 |
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