Entrepreneur
Name
Murunga
Member since
May 2015
On-time repayments
11 installments • 55%
About Me
BORN IN 1964 TO PEASANTS PARENTS WHO SEPARATED AS I TOOK CARE OF MY SIBLINGS AS I WENT TO SCHOOL.
I LEARNT UP TO FORM SIX ON DEBTS AND JOINED PRIMARY TRAINING COLLEGE WHERE THE BOOM (STUDENT ALLOWANCE) PAID MY FEES TO THE END
I HAVE RISEN TO CURRENTLY HEAD TEACHER
I HELPED EDUCATE MY 3 BROTHERS AND 1 SISTER OUT OF 9 SIBLINGS
I HAVE EDUCATED MY FIVE CHILDREN ONE SON HAS DIPLOMA MY 3 DAUGHTER HAVE DEGREES WHILE MY YOUNGEST SON IS COMPLETING DEGREE IN NURSING 2 SEMESTER TO COMPLETION
I STARTED THIS POULTRY PROJECT IN 2015 AND FAILED BECAUSE I DIDN'T HAVE ELECTRICITY SOLAR BATTERIES COULD NOT SUSTAIN THE INCUBATOR BUT FROM DEC 2018 AFTER POWER INSTALLATION AND BUYING A PARAFFIN INCUBATOR AS STAND BY I HAVE NOW EMBARKED ON ANEW JOURNEY OF PRODUCING ABOUT SIXTY CHICKS EVERY MONTH
COST OF STARTING THE BUSINESSES ARE-:
1) TWO INCUBATORS $500
2) POWER INSTALLATION $750
3) POULTRY HOUSE $1000
4) SOLAR PANEL 100WATTS &4 ACCUMULATORS $ 500 GRAND TOTAL &2750
I INTEND TO USE PROFITS TO PAY FOR ARREARS OF UNIVERSITY FEES FOR MY SON WHO COMPLETES THIS YEAR AND THEN PLOUGH BACK TO EXPAND THE PROJECT
I WANT TO BUY DRINKERS FEEDERS AND CHICK MASH AS THE FIRST BATCH ARE HATCHING ON 10 TH JAN 2019 TOTALLING TO $50
My Business
POULTRY PROJECT BUY EGGS 60 MONTHLY INCUBATE HATCH REAR OR SALE CHICKS AFTER 5MONTH I WILL HAVE MY OWN LAYERS RAISE EGGS AND INCUBATE AND CIRCLE REPEATS AFTER ONE YEAR I HOPE TO BUY 500 EGG INCUBATOR AND GRADUATE TO 500 EGG INCUBATING MONTHLY
Loan Proposal
ACCUMULATOR BUYING TO SUPPORT INCUBATION AT 39 DOLLARS
Since the last loan most of it went into membership fee, this time it will boost my venture for I plan to add an accumulator battry to support in incubating when power fails. The accumulator will be charged and put on standby with an inverter, when power goes off battry is switched on and egg incubation continues to get 100% hatching
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Loan Info
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Sep 12, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Bonn, Germany
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