Entrepreneur
Name
Irene
Member since
February 2016
On-time repayments
187 installments • 56%
About Me
I am Irene Wambui, born and grown up in the coast region of Kenya (Mombasa). I hold a certificate in pharmacy. I am married with two kids, a boy & a girl. After college, I worked with a medicine firm for two years as an employee, and later ventured into business after getting married due to low wages.
Currently, I have a poultry rearing business and it's doing well, going with the way it started. Poultry keeping is a good business but a tricky one because it needs a lot of one's time with birds. My wish is to expand my business and target the bigger market.
My Business
As mentioned above, I am a poultry farmer. I normally buy one day old chicks and sell them after four weeks. I keep about 400 birds and I do keep them in two batches so that I sell 200 birds after every two weeks.
This is a profitable venture but it has its own challenges, such as expensive chicken feed and diseases. However, I have surmounted most of these challenges and I am glad my business is doing well. I get a net profit of about USD 200 per month.
Loan Proposal
With this money, I will be able to buy 5 - 90kg bags of chicken mash. With this large volume, I will be able to get a good discount and the feed the chicken for about 30 days. This will be very convenient for me since I do not have to keep going to buy the food when it runs out.
This will definitely increase my profit margin and I will use the extra income to expand the business. Thank you.
About Me
Am Irene Wambui born and grown up in the coast region of Kenya (Mombasa). I hold a certificate in pharmacy.Am married with two Kids, A boy & a girl.After collage i worked with a medicine firm For two year as an employee and later venture into business after getting married due to low wage.
Currently am in a poultry rearing business and its doing well,going with the way it started. Poultry keeping is a good business but tricky one because it needs a lots of ones time with birds. My wish is to expand my business and target the bigger market.
My Business
As mentioned above, I am a poultry farmer. I normally buy one day chicks and sell them after four weeks. I keep about 400 birds and I do keep them in two batches such that I sell 200 birds after every two weeks.
This is a profitable venture but I has its own challenges such as expensive chicken feed and diseases. However, I have surmounted most of these challenges and I am glad my business is doing well and I get a net profit of about USD 200 per month.
Loan Proposal
With this money, I will be able to buy 5 - 90kg bags of chicken mash. With this large volume, I will be able to get a good discount and the feed the chicken for about 30 days. This will be very convenient for me since I do not have to keep going to buy the food when it runs out.
This will definitely increase my profit margin and I will use the extra income to expand the business. Thank you.
Feedback
Positive
3
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Mar 7, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
United States
Gatineau, Canada
Norway
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Summary
Amount repaid
$209.99
Amount remaining
$0.00
Date repaid
Jun 28, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 16, 2016 | $10.07 | Mar 22, 2016 | $10.07 |
| Mar 23, 2016 | $10.07 | Mar 29, 2016 | $10.07 |
| Mar 30, 2016 | $10.07 | Apr 7, 2016 | $10.07 |
| Apr 6, 2016 | $10.07 | Apr 13, 2016 | $10.07 |
| Apr 13, 2016 | $10.07 | Apr 13, 2016 | $10.07 |
| Apr 20, 2016 | $10.07 | Apr 20, 2016 | $10.07 |
| Apr 27, 2016 | $10.07 | Apr 30, 2016 | $10.07 |
| May 4, 2016 | $10.07 | May 10, 2016 | $10.07 |
| May 11, 2016 | $10.07 | May 17, 2016 | $10.07 |
| May 18, 2016 | $10.07 | May 23, 2016 | $10.07 |
| May 25, 2016 | $10.07 | Jun 3, 2016 | $10.07 |
| Jun 1, 2016 | $10.07 | Jun 3, 2016 | $10.07 |
| Jun 8, 2016 | $10.07 | Jun 15, 2016 | $10.07 |
| Jun 15, 2016 | $10.07 | Jun 22, 2016 | $10.07 |
| Jun 22, 2016 | $10.07 | Jun 22, 2016 | $10.07 |
| Jun 29, 2016 | $10.07 | Jun 28, 2016 | $10.07 |
| Jul 6, 2016 | $10.07 | Jun 28, 2016 | $10.07 |
| Jul 13, 2016 | $10.07 | Jun 28, 2016 | $10.07 |
| Jul 20, 2016 | $10.07 | Jun 28, 2016 | $10.07 |
| Jul 27, 2016 | $10.07 | Jun 28, 2016 | $10.07 |
| Aug 3, 2016 | $8.53 | Jun 28, 2016 | $8.53 |
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