Working capital to distribute milk from local dairy farmers
Joseph
Miti Mingi, Nakuru, Kenya
41% repaid
Entrepreneur
Name
Joseph
Member since
September 2014
On-time repayments
185 installments • 23%
About Me
I am a married man living in Miti Mingi with my wife and our two children. i am both a farmer and milk vendor. I buy milk from local people in terms of litres and i pay 25 shillings per litre which i resell 32 shillings. so i get a profit of 7 shillings per litre. I use the profit i get to support my farming activities, my family and my parents. I stll save some money whenever i make high profit. my education is up to college but there is nowhere to be employed and i chose self employment to ensure i feed my family and support parents in the way i can. I like to read newspapers and magazines during free time. I also like watching music and movies.
My Business
My business involves buying and selling milk from local farmer. I collect around 100 litres per day. i resell some of the milk to local hotels and families in miti mingi shopping centre and the remaining i send to Brookside Dairy Limited. I make a profit of 600 shillings per day. The profit i get i use it to support fmy farming activities where i grow cereals that is maize and beans. The reason for choosing milk selling is that it is profitable and i get my dairy bread unlike my farming activities which one waits for the harvest season to get money. That is why i prefer selling milk because it is a commodity that is ever in high demand. there are several challenges when the rains are low because the quantity of available milk is low and the demand is constant.
Loan Proposal
I do propose this amount of kes 39176 to increase my working capital,this is due to increase in demand and supply of milk thus i want to increase my milk supplies.This will lead to increase in income hence increase in profit.This will ensure i have made my repayment on time.I therefor request zidisha lenders to support me.
Thanks in advance;
Joseph,Miti mingi
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Loan Info
Project Type
Classic Loan
Disbursed amount
$411.00
Date disbursed
Jun 11, 2015
Repayment status
Late
Projected term
37 months
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