Buying an incubator

Benedict

Kaani Village, Kenya

100% repaid

Entrepreneur

Name

Benedict

Member since

April 2014

On-time repayments

284 installments  •  64%

About Me

I had been a temporal ICT-Tutor for 5 years and resolved to change to Poultry farming because i wanted financial freedom and i also wanted to be near my family. I'm married to one wife with four lovely kids.Being the chief bread winner i use my earnings to cater for my family needs.I also offset a few expenses here and there that come my way in my business.I actually started small with incubation services and i thank God my real work at home job that started from humble beginning has opened doors to other poultry related money making activities.i.e I currently mould innovation clay brooding jikos which are very economical and cost effective and have actually gained very strong popularity in kenya since i'm the sole manufacturer.My hobbies include travelling,Browsing and to be specific i'm a social media enthusiast if i may say.During my free time can spend time researching on new openings on the internet where i can market my products.I also don't hesitate to look for free on-line courses on entrepreneurship so as to match this digital era.

My Business

My poultry farming business is my own work at home job and can proudly say i meet very minimal expenses since i operate from my own premises.The sale of chicks and Innovation brooding jikos are the main source of income.I can confidently say my brooder heater innovation ,good repute are some of the key factors as to why more and more farmers are buying my products.I have also been doing personalised trainings on poultry keeping and this has also worked miracles.I would request for USD 450 loan since i would wish to buy a back up generator.A good and successful hatch requires a serious farmer like me to have a backup generator so that it can pick-up when there is power outage.Something that is very common here especially during this cold season.I have had hatchability rate of about 65% without the generator and i believe if granted the loan to purchase the incubator will increase the hatch rate to 85% or more.

Loan Proposal

Thanks for this golden opportunity!!
If granted a loan of 150 us dollars i will set aside 100 us dollars and add it to my 100 dollars savings that i already have to buy an additional chicken eggs incubator.The remaining amount of about 50 dollars will utilize it to get a casual labourer to help handle the increasing number of clients.Sincerely,will enjoy my work more since my clients will be more satisfied for being timely on supplying chicks.Production will increase and definitely will promote the community by employing one employee to assisting in handling the increasing number of customers. Infact i'm in great need for your financial support since my business touches on what we kenyans are consuming as part of our meal.I believe my business is giving a positive contribution to this nation since incubating chicks in large quantities means kenyans will not lack a supplemental source protein. I'm also in some ways encouraging farmers to keep a variety of chicken species knowing there is hope for monetary gain when they sell eggs to me.
Honestly i hope my kind loan request meets the best of your consideration.

Feedback

5

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

May 14, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

J

jeffb

United States

Brian

Midhurst, Canada

evinpa

United States

J

Jonas

Linköping, Sweden

SP

Stephen Phillips

Southampton, United Kingdom, United Kingdom

H

hughpat

Rio Rancho, NM, United States

Ask Benedict a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...