Build spacious structure,buy medicine and rabbit feeds

James Olengo

Nakuru Kabatini Location, Kenya

4% repaid

Entrepreneur

Name

James Olengo

Member since

September 2014

On-time repayments

46 installments  •  2%

About Me

lam James Olengo lam 30 years old born and raised in Nakuru county,Kabatini location Moronyo sublocation subukia town lam married and blessed with two lovely kids a boy and a girl both going to school,lam a holder of diploma in agriculture and business administrion fro Egerton university,after completion of college l decided to venture into farming and employ my self because jobs were not easy to get l had an added advantage getting into farming business because the knowledge l acquired at college was helpful to me from the little grant l got from my dad l ventured into rabbit rearing because l saw an avenue of getting money due to high demand of rabbit meat because people like white meat lam honest trustworthy and God fearing person

My Business

lam a farmer in nakuru county subukia town,kabatini location,moronyo sublocation in rabbit keeping,l rear rabbits because they are liked by most of nakuru residents and the demand of white meat is very high,the risks that is i this business is that rabbits are vulnerable to diseaseswhich l guard against through vaccination and maintaining cleanliness and correct feeding my main customers are hotels which l get orders from and some l take to main market in nakuru l normally sell one rabbit at a cost of $50 to $60 depending on the kilos l make around $100 to $150 every month after buying feeds,medicines and replacing worn out structures,if you offer me zidisha loan l will be able to build a big structures,because rabbits reproduce highly as one rabbit can give birth to eight l will also buy feeds and medicines

Loan Proposal

Thanks zidisha team and lenders as well for giving me a chance for loans when l get this loan lam going to build more spacious structure to keep rabbits at a cost of 50 dollars,l will also buy rabbits medicine to vaccinate them against diseases at a cost of 25 dollars and also buy feeds to make sure they are fed well and gain weight at a cost of 25 dollars,the money that l get from selling this rabbits l will use it to expand my business,and improve living standard due to high cost of living

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.84

Date disbursed

Nov 12, 2014

Repayment status

Late

Projected term

10 months

Cost to entrepreneur

Lender interest: $99.84 at 2.36% annual rate over 10 months = $2.11

Service fee: $3.27

Lenders

Cricketca

San Jose, United States

Jamesaubrey

Norman, United States

Matching Fund

Sterling, United States

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