Name
Samson
Member since
May 2017
On-time repayments
87 installments • 59%
Am a dairy farmer as well as employed. Am 32 years old married with one child and am graduate. I am currently modernizing my farm to make it more profitable. I am from a noble village where mostly dairy farming is normally practised for substance purpose with low production hence I want to change the society by practicing zero grazing to as an example of how dairy farming can generate income. The project will require more money to be invested.
I am currently rearing Four dairy cows. Currently milking Two producing an average of 15 litres per day selling at ksh35. amounting to gross amount of 7,350 weekly and selling manure of 2 turns at 3000 weekly totaling to 10350 gross weekly, while the other two cows are 2 months to calving.
I am also employed earning a net amount of Ksh25,000 per month.
Am planning to change the cows to more yielding breads that will produce between 20 to 30 per cow. The project will therefore yield twice the amount.
Milk market in Kenya is large while land is available for planting folder.
Major cost involves feeds and labour.
Am currently using all the profits generated to expand, modernise and employing new technologies to cut cost.
I will the funds to continue with the project started from the previous loan of growing maize for Silage for my diary cows. Specific use will be:
1. Labour expenses for second weeding that is 3 employees for 10 days @ 500 daily totaling 15000
2. Buy pesticides to control and prevent army worms invasion that is 1ltr @1250 and spraying expenses @ 4000 totaling to 5250.
3. Purchase topdressing fertilizer 2 bags of 50 kg @ 2750 and application labour for 1 day 4 employees for 2000 totaling 7500
Total cost will be 27500 to be financed by the loan and April milk proceeds.
These will be beneficial since it will assist in reducing future cost of feeds especially during dry season as will as yield more production.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$189.00
Date disbursed
May 8, 2018
Repayment status
On Time
Projected term
6 weeks
Other loans
Amount repaid
$189.20
Amount remaining
$0.00
Date repaid
Jun 23, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 20, 2018 | $31.53 | May 21, 2018 | $31.53 |
May 27, 2018 | $31.53 | May 29, 2018 | $31.53 |
Jun 3, 2018 | $31.53 | Jun 6, 2018 | $31.53 |
Jun 10, 2018 | $31.53 | Jun 11, 2018 | $31.53 |
Jun 17, 2018 | $31.53 | Jun 18, 2018 | $31.53 |
Jun 24, 2018 | $31.53 | Jun 23, 2018 | $31.53 |
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