Bigger and better house for my poultry

Alvins Okumu

Chokaa Village-lower Njiru, Kenya

100% repaid

Entrepreneur

Name

Alvins Okumu

Member since

January 2014

On-time repayments

66 installments  •  42%

About Me

My name is Alvins Okumu. I come from a family that consists of my four sisters and myself as the only surviving brother. My parents have both died. My Father, Mr Thomas Okumu Opar was a roads Engineer and my late mum was a teacher. I am a marketer by profession and also has vast interest in Paints and allied products after working in that sector for over 10 years. I live in my house in an area called CHOKAA village also known as lower Niru just next to the Light industries. My wife and I own a second hand clothes business where we buy in bales and re sell.We are buying bakery materials and fast foods items in preparation for our next business venture. I also own a Paints and allied products distribution business where I supply the items to workshop owners and contractors. I have a small poultry farm that I set up using the first zidisha loan. I have also managed to pay school fees for an aids orphan whom I am now staying with due to the additional income from the sales of eggs.

My Business

I have a small company called ESTOM VENTURES. I buy and re-sell paints and allied products like wood glues,thinners, turpentine and varnishes. These items are of high demand because more people are building their houses hence the need to paint them as per their taste. There is also a rising demand for furniture and the items are vital for a perfect finish. I have a competitive advantage over others because my painters offer quality painting services.The business is profitable because i buy from manufacturers and re sell at a good margin and also charge a fee for the painting. I set aside about Ksh. 50,000 monthly for my stock and other related expenses.My profits is about Ksh.20,000 to 30,000 monthly. I intend to use the loan to put up a bigger structure for my poultry and buy more chicks.Right now I have 30 chichs but my desire is to have 300 and above as my poultry target. My clothes business have a good returns of about Ksh. 6000 to 8000 weekly and most of it can be used to repay the loan in a short period of 6 months.

Loan Proposal

My current poultry house is currently crowded and eggs get broken if not collected immediately. This second loan will help me rectify this and even give more room for more poultry. Our current exchange rate is Kenya shillings 86 to the dollar. The loan will be used as follows:
20 iron sheets = $162.7
188 feet timber = $69.9
1 lorry of sand = $93
6 bags of cement = $48.8
Chicken wire & wire mesh = $34.9
Labour = $58.1

TOTAL COST= $468
I am appealing to the lenders to assist me in expanding my poultry to the desired level so that l can create not only more profit but also create employment for 2 youths. Thank you in advance.

Show original English  

About Me

My name is Alvins Okumu. I come from a family that consists of my four sisters and myself as the only surviving brother. My parents have both died. My Father, Mr Thomas Okumu Opar was a roads Engineer and my late mum was a teacher. I am a marketer by profession and also has vast interest in Paints and allied products after working in that sector for over 10 years. I live in my house in an area called CHOKAA village also known as lower Niru just next to the Light industries. My wife and I own a second hand clothes business where we buy in bales and re sell.We are buying bakery materials and fast foods items in preparation for our next business venture. I also own a Paints and allied products distribution business where I supply the items to workshop owners and contractors. I have a small poultry farm that I set up using the first zidisha loan. I have also managed to pay school fees for an aids orphan whom I am now staying with due to the additional income from the sales of eggs.

My Business

I have a small company called ESTOM VENTURES. I buy and re-sell paints and allied products like wood glues,thinners, turpentine and varnishes. These items are of high demand because more people are building their houses hence the need to paint them as per their taste. There is also a rising demand for furniture and the items are vital for a perfect finish. I have a competitive advantage over others because my painters offer quality painting services.The business is profitable because i buy from manufacturers and re sell at a good margin and also charge a fee for the painting. I set aside about Ksh. 50,000 monthly for my stock and other related expenses.My profits is about Ksh.20,000 to 30,000 monthly. I intend to use the loan to put up a bigger structure for my poultry and buy more chicks.Right now I have 30 chichs but my desire is to have 300 and above as my poultry target. My clothes business have a good returns of about Ksh. 6000 to 8000 weekly and most of it can be used to repay the loan in a short period of 6 months.

Loan Proposal

My current poultry house is currently crouded and eggs get broken of not collected immedietely. This second loan will help me rectify this and even give more room for more poultry. Our current exchange rate is Kenya shillings 86 to the dollar. The loan will be used as follows:
20 ironsheets = $162.7
188 feet timbet= $69.9
1 lorry of sand =$93
6 bags of cement=$48.8
Chicken wire &wiremesh=$34.9
Labour. = $58.1

TOTAL COST= $468
I am appealing to the lenders to assist me in expanding my poultry to the desired level sp that l can create not only make more profit but also create emloyment for 2 youths. Thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$468.01

Date disbursed

Jul 9, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $468.01 at 5.22% annual rate over 3 months = $7.05

Service fee: $4.82

Lenders

T

Tmann

Los Angeles, United States

KYLE LARSON

Little Falls, United States

W

Walter

Victoria BC, Canada

I

icetwice

Melbourne, Australia

A

andyfletcher

I want my "My loans" page back, Qatar

dsmart978

Bondurant, United States

R

RichardH

Manchester, United Kingdom

JillV

Corning, United States

JM

Joseph Martinez

San Jose, United States

joaoferraz

RINCHOA, Portugal

G

Goldrivermob

Gold River, Canada

E

erlingre

Sør-Fron, Norway

Jason

Auckland, New Zealand

Hedwich

Gorssel, Netherlands

JFais

Atlanta, United States

Levi

United States

Sarasota

Sarasota, Fl, United States

Richard Griebe

La Jolla, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

D

Daisy

Netherlands

L

leumasmc

United States

A

afrakhan

United Kingdom

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