Name
Chidulu
Member since
January 2018
On-time repayments
44 installments • 11%
Iam a broiler farmer. As a child when I was in primary school, I heard and then read about prominent business persons e.g Bill Gates and admired them. Now being a University student, I decided to convince my parents for a capital and started a broiler business, first with only 100chicks.
This business was meant to actualize my cause as well as getting extra source of income.
Currently, my business has grown from the initial 100 to 200 birds. The cost of raising the birds to market weight is averaging at Ksh. 64500 and the revenue I get from selling of the broilers after 5weeks averages at Ksh. 78400. This gives a profit of around 13900 after every five weeks which again translates to about 3000 per week. I save some of the profit and use some for self upkeep.
I am currently working on 200 broilers and I wish to increase the number to 300 broilers. This will as well leads to an expansion of the enterprise.
Also,the main objective of any entrepreneur, that is, making profit will be realized. A loan of Ksh. 8000 will be enough for that expansion. This will shift the profit from 3000-4000 weekly.
The loan of 1203 will be used to buy vaccines for and liquid parafin. I will have to timely repay the loan so as to target a higher limit that will help me more in the future. Since my broader aim is to increase the number of birds from 200 to 300.
Such an expansion of the business will lead to an increase in the profit realized.
Specifically, I will use my lo
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Aug 23, 2018
Repayment status
On Time
Projected term
3 weeks
Other loans
Ask Chidulu a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.