Entrepreneur
Name
Philip
Member since
September 2014
On-time repayments
192 installments • 40%
About Me
I am 57 ears old, married to one wife with five grown up sons and daughters and with four grand children. The last born is married and therefore only one daughter is still at home engaged in her own business.
I am the founder of Harvest Army Church in Kenya which has already applied for registration and Jesus Alive Centre which is a ministry of the church.
Last year I found Harvest Army International Seminary which offers training in different theological fields especially to pastors and ministers from indigenous churches around the country especially North Rift, Nyanza and Western. I am a doctorate of theology graduate from Christian Life teachings in USA.
I live in Shirika Estate along Old Uganda Road .From Town you board Matatu to Maili Nne ,alight at Road block take a rough road to the right besides Kings Highway Church.On reaching Old Uganda Road you Turn right towards Moi University West Campus, first turn to the left third plot.
As a family we are running a small poultry farm at our home compound, this enables us supply eggs to few shops around and provide meat and eggs to the family and customers around the neighborhood.
I am a conference speaker and likes reading the bible and traveling to different places in and outside Kenya.Thus I have traveled to Europe ,America ,West and even Central Africa.
My Business
As stated when I was giving my Biography, I am the Director of the Seminary and also works with my wife in the poultry farm.
The Poultry farm has been in existence for over three years . We supply live chicken to the neighbors and also eggs . Due to consistency since we started we have a stable customer base.
The business is profitable because there is high demand for white meat and especially the local chicken which is what we are keeping and also the eggs which are preferred by most people.
The main challenges are diseases and feed which are very expensive especially when the birds are few in number.
My typical monthly cost of running the business is US$220 while gross profit or income before these expenses is usually approximately US$450.
I believe that the funding will come because if I get it now I will be able to buy many birds in readiness for the market.
Loan Proposal
I would like boost my poultry farm in my farm. My PROPOSAL is that if given the loan I will use it as follows:-
1-Buy stock of broilers at US Dollars 60
2-Buy feeds for the broilers US Dollars 30
3-Medication i.e vaccines US Dollars 10
My target is to stock broilers though I have been dealing with local chicken I believe that I will be able to sell them at a higher price keeping in mind that we are entering into Christmas Festive season and in my country the demand is high during that season and also ,these time I have chosen broilers because they only take six weeks to mature. I am in position of paying back the loan without any difficulty given funding.Looking forward to your wise consideration thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Oct 30, 2014
Repayment status
On Time
Projected term
3 months
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