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 am currently growing 2 acre of land of corn for the purpose of making quality silage for my daily cows. The farm is currently being weeded first time. I will therefore use the money to labour. Silage will be beneficial since it will cut animal feeds costs by 40%. its also beneficial to the society since its also generating employment opportunities to locals.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$30.00
Date disbursed
Sep 5, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Amount repaid
$29.02
Amount remaining
$0.00
Date repaid
Dec 4, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 17, 2017 | $4.91 | Sep 17, 2017 | $0.98 |
Sep 17, 2017 | $0.98 | ||
Sep 17, 2017 | $0.98 | ||
Sep 17, 2017 | $0.98 | ||
Sep 17, 2017 | $0.98 | ||
Sep 24, 2017 | $4.91 | Sep 25, 2017 | $0.98 |
Sep 25, 2017 | $0.98 | ||
Sep 25, 2017 | $0.98 | ||
Sep 25, 2017 | $0.98 | ||
Sep 25, 2017 | $0.98 | ||
Oct 1, 2017 | $4.91 | Oct 6, 2017 | $4.91 |
Oct 8, 2017 | $4.91 | Oct 6, 2017 | $4.91 |
Oct 15, 2017 | $4.91 | Dec 4, 2017 | $4.91 |
Oct 22, 2017 | $3.93 | Dec 4, 2017 | $3.93 |
Oct 29, 2017 | $0.54 | Dec 4, 2017 | $0.54 |
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