93 installments • 81%
Am Rebecca moraa nyangena, born in 1971 to family of 7. growing up we had a difficult childhood, at times we had to drop out of school due to limited funds to support all of us, my father used to work then but had to retire early due to illness but we eventually lost him. we were left with our mother who struggled a lot but she managed to help us finish our 0 levels. after that it was upto us to make our future. being the only girl in the family things were not easy, it was hard to find someone to hire me for any kind of job, but luck has it is i got a job in one of the local coffee factory, i was inexperienced and i had not idea what i was doing but due to determination en hard work eventually i learned how to operate the machineries in the factory. i worked there for four years, i kept saving my earning coz i had a dream that i wanted to fulfil. after saving enough i was able to join kisii institute where i studied accounts. i finished college after 3 years and was lucky to land my first job which i did for 3 year, after 2 years in my job i got married and was blessed with a son, due motherhood demands i was forced to quit working and i became a stay home mum, a few years later i was blessed with another son but then my marriage collapsed and i got divorced, being a single parent wasn't easy, by then my elder son was in high school and i had no job so i had to find a way to be there for my children and support them, thats when i started my chicken business and it has really seen me far, and above all God has been by my side through it all.
i started my business over 5 years ago. i basically deal with all kind of chicken, i have layer chicken for eggs and broilers for meat. i chose this business because its in my comfort zone and it requires minimum labour and so far it has worked for me. i have 200 layers chicken and i collect at least 120 eggs a day , an egg goes for kes 8, these gives me at least kes 25000 a month, i use 6500 to buy feeds and vaccinations for the chicken, use part of it to pay for my bills and pay for my sons' fee. i make sure i save a minimum of kes 5000 a month for the rainy day, i have like 50 broilers which i sell after every 3 months, after i sell em i use part of the sale to acquire a new set, use part of the money to buys their feeds and vaccinations and save the balance, 1 broiler chicken goes for kes 400 so i make kes 20000 after selling the 50, i'll then buy for 50 younger ones which i'll take care of for another 3 months. they cost kes 100 per chicken, that converts to kes 5000, vaccinations and feeds for the 3 months will cost me 8500, and i make a profit of kes 6500 which i add to my savings.
hello, i hope this finds you well, first let me say a big thank you for your support, my farm is improving and am earning more thanks to the loans i have been getting. i would like to apply for a new loan of kes 152,000. i will invest kes 120000 to buy a pure freshian heifer which will take 2 months to give birth.
the reason for this investment is that around my community there isn't a stable source of milk and milk is highly consumed so being able to get a cow that produces good quantity will be very helpful and this will also help me increase my earnings.
i have researched and identified the heifer i will be buying and from the records of the mother its guaranteed to produce 8 to 12 litres for a period of atleast 10 months.
the remaining amount of kes 32000 i will use it to plant Napier grass for the cow feed on, i will use kes 12000 to buy the seedlings for planting, kes 5000, to buy manure to add during planting and kes 5000 for labor.
i still have my chicken and the remaing kes 10000 i will use it to buy feeds.
thanks in advance and i hope you consider my loan application.
i have embraced home deliveries for my eggs, this has helped me stay afloat and be able to repay my loan, i also started to use my facebook page to advertise my eggs and also the chicks this has helped me gain more customers, i believe with this measures i will be able to repay my loan.
Aug 22, 2020
Cost to entrepreneur
Service fee: $132.88
Credit risk payment: $66.44