Livestock farming bridge loan

Ken

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ken

Member since

February 2017

On-time repayments

25 installments • 64%

About Me

my name is kennedy watti from kenya. i have a bachelors degree in mathematics from University of Egerton njoro. am currently working in a bank called Faulu in kenya but also have side hustles in kitale in tranzoia county

My Business

Iam a banker with monthly salary of 347,000 and own a farm practising dairy farming with monthly income of 100000. i have 4 cows that produce 20 litres each.that is 80 litres daily at a cost of kes 30. proceeds paid montly in arreas

Loan Proposal

The loan is to be used to buy more Giant king grass seeds and natural manure. The Total costs are Kes 100,000. I have Kes 86,000. I require an additional of 14K.

The Seeds cost Kes 2000 per Kilo and require 40 Kgs and Manure will cost Kes 15,000 and Labour to cost 6,000. The Grasss takes 120 Days to grow. This projects is estimated to give me overall saving of 15,000 per month on the savings that i would have used in buying cattle feeds.

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G
guenter Jan 26, 2019

Ken payed back one month late - but he payed back the full amount without problems.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$70.00

Date disbursed

Jan 30, 2019

Repayment status

On Time

Projected term

4 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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Ken Apr 11, 2019

Thank you Zidisha Team for supporting Agribusiness activities

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Ken Jan 29, 2019

Thank you Paul The funds will go along way in assisting finish my project,

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Ken Jan 28, 2019

The loan was be used to buy Giant king grass seeds and natural manure. The Total costs are Kes 100,000.

The Seeds cost Kes 2000 per Kilo and require 8 Kgs and Manure will cost Kes 5,000 and Labour to cost 2,000. The Grasss takes 120 Days to grow. This projects is estimated to give me overall saving of 15,000 per month on the savings that i would have used in buying cattle feeds.

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Ken Dec 14, 2018

Thanks Paul and Guenter. The funds will purchase the much needed seeds for my cattles

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Ken Jul 28, 2018

With this Cash, I will be able to add on my existing float to buy new seeds for grass that takes 4 weeks to be ready. Being a rainy season in Bungoma County, i expect this to be worthy investment as i will save on what i would haev used to buy silage or nappier grass

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