Diversification of the livestock
Emmy
Burgei Village, Rongai., Kenya
100% repaid
Entrepreneur
Name
Emmy
Member since
June 2013
On-time repayments
339 installments • 84%
About Me
I am Emmy, married with two children. I live in Burgei village, rongai in Nakuru. I am a secretary by profession where i work in a secondary school.
I hold Diploma in Business Management, Certificate in Secretarial and Computer studies.
Despite the monthly salary I earn it could not cater for my needs therefore I engaged in farming where i majorly deal with dairy cows.
Indeed the project has really assisted my family but much has not been exploited due to lack of enough funds to widen the scope.
My Business
I have 3 dairy cows with some heifers. Each cow I milk approximately 8/9 litres in the morning thus giving the total of 24 litres @27shs (though the prices keep on fluctuating.) I therefore earn Ksh648 on the lower side x30days=19440.
After deductions of the expenses incurred for treatment, and feeds the profit is about Ksh. 10,000.
Diseases e.g East coast Fever which is common in our place is a serious drawback of this business despite the cost of treatment which is costly sometimes it leads to the death of a cow. Also fluctuation of price of milk is a very serious challenge since one cannot plan ahead or budget for the income expected.
Thirdly, drought normally affects the dairy cattle since there production becomes low hence need for enough storage of food to cub the problem.
Since the project has not been exploited well due to funds i therefore request for funds in order to do it to the fullest by using a zero grazing method which is normally very productive.
I will therefore use the funds to construct the structure for the 3 dairy cows and employ someone to assist me in achieving my set goal which I believe it will be highly achieved.
Loan Proposal
After now being successful with my Dairy farming, I would like to diversify by rearing indigenous chicken which are cheaper and easier to maintain. Although I will buy my own machine for the dairy cattle, I will also invest by buying an incubator worth Ksh. 30,000 which can hatch 48 eggs.
Having this kind of machine I would be able to have more chicks which alternatively will sell at a tender age or rare them up to maturity. This machine will also be used to generate money, my neighborhood go for a long distance in search of a machine at Ksh. 60 per egg. This means that I will make Ksh.2880 in 21 days (Ksh. 60 x 48 eggs). After deducting the expenses incurred in electricity and other needs I will make a profit of about Ksh. 1800, I will use the same in buying the feeds for the chicks and other needs.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$952.00
Date disbursed
May 29, 2015
Repayment status
On Time
Projected term
21 months
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Anonymous Jan 1, 2024
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