Samson
Karatina, Kenya
100% repaid
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.
With help of money raised from my previous loan I managed to store about 10 tonnes of silage which is enough to take the cows for 5 months. This will be the time when the other two cows will be calving.
To ensure continuous supply of fodder am planning to grow two acres of maize plantation to raise double the current stock.
Therefore the funds raised will be used entirely for these purpose.
Specifically the funds will be utilised as follows:
1. Tilling @ 3000/- per acre total 6000
2. Buying 2 bags fertilizer @ 3000 per bag totalling 6000/-
3. Buying 20 kg seed @ 4800
Total will be 16800
Labour will be take care by the February milk sales proceeds and my family members.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$157.00
Date disbursed
Feb 27, 2018
Repayment status
On Time
Projected term
2 months
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