Alum's farming venture

Entrepreneur

About Me

I am a twentynine year old Kenyan man married with one child and currently a resident of Busia county. I sat for my Kenya Certificate of Secondary school Education (K.C.S.E) examinations in the year 2001(two thousand and one) and attained a mean grade of B-(minus) in Hono secondary school in Siaya county.

Having no fee to continue with my education I moved to Nairobi where I did odd jobs, saved some money and managed to pay for my CPA fees and attained CPA part 1 certificate. Armed with this certificate I managed to get employed as an accounting officer with duties involving posting debit and credit entries, preparing statements and reports. I have also worked in different business set-ups like industrial production, retail business and service industry which enabled me to gain experience in various fields.

My Business

My last job in Nairobi was as an accounting officer for an insurance company before I relocated to Busia to set up my own business as a dealer in children and women foot wear, which I have set up with my savings from the salary earned at the insurance company. My business has no fixed abode as I move from market to market on every market day selling my wares.

I took the decision to venture into business in Busia because of two major reasons, the first one being that my father had passed away leaving my mother alone after at our rural home and being their own male child I had to move closer to home to settle some land issues that had cropped up and the second being that Busia is a neighbouring county to Siaya that thrives on trade (as opposed to Nairobi which is far away and costly to move to and from Siaya).

I move to four markets a week and so far my rate of stock turnover is impressive, I therefore need to get some loan to increase my stock.

Loan Proposal

Am currently selling eggs but on a very small scale but I want expand my business so that I can be able to supply to local retail and even wholesale shops.
I therefore want to start a business which will involve rearing chicken that lay eggs called layers and selling the eggs in my outlet which is also in the process of being constructed. Am planning to buy a batch of 100 chicks which are one day old to start with part of the money.
I will therefore use some of the money to construct the structure which will house the 100 chicken.
These chicks when successfully grown will guarantee a steady supply of eggs from my farm. Since the day old chicks are prone to diseases, part of the money will cater for vaccination and some will be set apart for treatment whenever required.
Some of the money will be used to buy growers mash for the young chicks as they grow and once they mature up we will begin to provide them with layers mash to ensure good returns. Basically feeds will take the biggest proportion of my budget.
Some money will be set aside for lighting up the structure since the chicks will need light throughout. We will therefore buy 5 lanterns that can be used with kerosene when there is no electricity.
Since am committed in other ventures and I cannot be available full time on the ground, I need to employ on worker to help with farm work, even though for a start I’ll have to pay him wages from my pocket. We also need money to acquire equipment that will be used inside the structure like feeders etc as may be required.
On top of the little amount that I have as capital from my savings, a loan of KShs. 19,108 from you will be of great help.
Thank you in advance.

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