Entrepreneur
Name
Simon
Member since
February 2014
On-time repayments
300 installments • 64%
About Me
I am a 39 year old christian, BSc. I.T, talented and with a good will for life. Married to Mary and we have two children.
I have have now been promoted as the head of academics from a teaching assistant in a Nairobi based institution called Kenya Christian Industrial Training Institute.
I was born in Nakuru in a family of seven and I was brought in Nairobi where I live with my wife and daughter to date. I have been doing poultry business and I also own a shop that sells purses and handbags.
I want to rear goats. Kenya is an Agricultural based country. Goat rearing does not require much land and do not bear high cost to run. The site of the project will at a small land owned by our family. I will purchase does and bucks of one year of age so as to maximize on the loan.
My Business
Goat farming requires less capital and investment than raising any other livestock. I will start goat farming business with a very small investment but in the result I will get more profits than any other livestock.
I will earn some extra money by selling manure to crop farmers who use goat manure in their field because it is a very high quality organic fertilizer, I will sell goat meat it has a great demand locally and this rate is increasing rapidly day by day, I will sell goat milk is enriched with many necessary nutrition elements and it is easily digestible which makes it a huge demand locally and also goat skin has a high demand and value locally.
After the goats have reproduced, I will sell young ones at a profit in order to maintain a healthy maximise on the profits.
The profits will be used to take care of my family, siblings and my dad.
Loan Proposal
From the requested amount of USD 377.85:
Goat housing will use locally available materials which are affordable to construct a suitable house for profitable production at USD 19.78. The house will keep the goats healthy and free from diseases.
Goat purchasing will use USD 138.44 for four meat goats both a doe and a buck(Boer breed). Two milk goats will cost me USD 158.22(Toggenburg breed).
In feed management, I have a grazing place where my goats can roam freely. In this system my goats will get food from natural sources and it will also reduce my food cost.
Health and care will cost USD 29.67 because I want to raise my goats hygienically and seek the services of a veterinarian doctor to prevent them from various diseases. However, goats are less prone to diseases unlike other livestock.
The remaining amount from the loan will be used in transporting the goats to the farm.
Breakdown:
1. A kilo of goat meat will sell up to USD 4.9. A 1 year old goat will weigh at least 60kg.
2. A young one of a goat will sell upto USD 49.44. Boer goats are polyestrous (they can breed throughout the year), they can reach sexual maturity at 5 months of age. A typical breeding program is to produce 4 kids every one year and four months; meaning the does are pregnant for 5 months, nurse their kids for 3 months, and then are rebred.
3. Manure will sell upto USD 9.89 a bag of 70kg.
4. A litre of goat milk will sell upto USD 1.48. The two goats can produce a total of 10 litres of milk per day.
Dear Lenders kindly support this project and thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$386.00
Date disbursed
Jun 25, 2016
Repayment status
On Time
Projected term
52 months
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