Entrepreneur
Name
Earnest
Member since
December 2014
On-time repayments
146 installments • 66%
About Me
i am a humble God fearing gentleman.i completed my secondary school education in the year 2009.later i joined KCA university in the year 2011 were i did my cpa part 1.
In the year 2012 i joined mill bakers ltd in the sales department.After working for a year in mill bakers i decided to quit job and resumed back to school. in September 2013 i got my current job in good testimony group of school.out of my small saving i have been able to start my poultry farming.i do incubate eggs where after hatching i sell to clients who are are readily available in the market
My Business
i started my business in July 2014.this was after broad consultation with business advisers and friends.with ksh 120000 i managed to buy an incubator which has a capacity of 528 eggs.At least par hatch i can produce 350 chicks which i sell in 2 weeks time at a cost of sh 200.so far the business i can say its progressing well
Loan Proposal
I want to buy a new incubator for 527 eggs. This will cost 700 dollars. As i anticipate to expand my business, it will really help me hatch more chicks in a month. Also the old incubator has served me for more than a year and is almost becoming obsolete.
I have always had more demand of my chicks which i rarely meet due to low production but once i buy the new incubator, i will be in a position to meet the market demand.In return my business profitability will increase by more than 40%.
Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$671.00
Date disbursed
Nov 3, 2015
Repayment status
Late
Projected term
67 months
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