Am raising broilers

Chidulu

Mkilo , Kenya

100% repaid

Entrepreneur

Name

Chidulu

Member since

January 2018

On-time repayments

44 installments  •  11%

About Me

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.

My Business

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.

Loan Proposal

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

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Aug 23, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

D

David

United States

EE

Eff Emm

Switzerland

Ask Chidulu a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...