Entrepreneur
Name
Godfrey
Member since
July 2015
On-time repayments
201 installments • 88%
About Me
Thank you for the opportunity again.
I come from a family of 4 and i am the first born. Being a first born in a family some times is a challenge since you are the pace setter to your siblings. I completed my secondary school education in the year 2007 but unfortunately i did not proceed to further my education. I got employed in a company where i worked as a casual worker for 3 years. I managed to raise small capital which i used to venture into a poultry business. My country is an agricultural country were agriculture is the main source of income to many citizens. I am a father of a baby boy who is turning one year old. i would like my child never to lack anything in life and give him the best education which i was not able to get
My Business
My business is a poultry in nature. I buy and sell chickens to hoteliers in Nairobi. I also sell to people for domestic consumption. I realized that this was untapped opportunity in my area since suppliers were very few. Also farmers used to struggle when it came to selling of their mature chickens.
I became a bridge between the farmers and the consumers since most farmers are from the rural area and were unable to access the market in the city.
Averagely i buy and sell 50 chicks in a week. This usually cost me averagely 30000. The revenues are between 40000-45000. I was the profits realized to increase my stock. Sometimes i keep my stock therefore i am supposed to buy some feeds as i wait for the market.I also use this profits to pay for my bills and take care of my family needs. i will use the profits to expand my business to a higher level
Loan Proposal
I will buy chicken which are my main stock. I usually incur alot of expenses traveling to purchase my stock. This is because majorly chicken are rared in rural areas and my business is located in the town. I am forced to make at least to trips to purchase them. I am planning to purchase a batch which can last at least for a month before i make another trip.
This will cut my travel cost by at least 60% hence increasing my profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$199.00
Date disbursed
Jan 17, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
United States
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