Name
Simon
Member since
October 2012
On-time repayments
335 installments • 7%
I am a father of five children, only one in high school, the rest have completed their education. live in kiptangwanyi about 100 meters from kiptangwanyi trading center, my occupation is farming (cattle rearing) also I am father in charge in orthodox church of Kenya, have completed my high school education also I have completed my bible study.
I started a business of farming a business of farming after having an education day of farming funded by Brookside Company, by the end of the day they promise us to be buying our milk, they also tell us to crossbreed the indigenous cattle by dairy breed which are highly productive in milk. I am expecting to purchase one more chuff cutter also I will purchase five more diary cattle
My business is farming
My business includes diary cattle farming. They is a lot of demand of the product such as milk, because the milk is taken by the Brookside company dairy.
Most of the farmer in kiptangwanyi have not yet crossbreed their cattle thus making me being the most of the few one who will produce much milk. The business will be profitable because most of the feed a get from my farm. The risk facing the business is poor road during the rainy season which hinders the transportation of the milk.
My typical monthly cost is khs 50000, sale revenue is around ksh 25000 and profit is above 20000 but I am planning to earning more.
Am grateful to you lenders for another chance to get a loan from this organization. I hope you had a merry Christmas full of blessings. I wish to use this loan that I will get from the organization to buy some new machinery useful for my farming practices. Firstly I wish to purchase a grass chopper. This machine is good for cutting fodder for my dairy cattle. Secondly, I wish to purchase another dairy cattle. This will boost my milk supply.
Positive
5
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,921.00
Date disbursed
Jan 1, 2014
Repayment status
Late
Projected term
75 months
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