88 installments • 81%
My name is Alphonce Kyalo Mutuku. I was born in 1990.I was born in Machakos which is in Eastern part of our country Kenya. I am the only male child in my family.Being the male child, I have responsibilities on my shoulders especially if you come from a poor background as I am. This is the main reason why I started my business of selling fruits and also keeping goats. I thank my parents for educating me to the level of secondary education. I am planning to go to college in future when I save enough money to pay for my school fees. At the moment,the model I use to save money is to re-invest. From the proceeds of the fruit business,I buy goats.I started with one goat and today I have more than ten. It is the same model I have used to expand my business. Now that Zidisha has come to my life, I can hope for a better future.
I started my business in the year 2012 after seeing my people suffer to buy fruits 3 kilometers away. I started small coz I started with a capital of Ksh 500 where I made a profit of Ksh 100. Today I buy stock worthy Ksh 2,000 and I make an average profit of Ksh 600. I also sell fruit juices when certain fruits are in season and also when its summer coz the sun that time around is very hot.in good day I make a profit of Ksh 1,500 when I combine the two. I have been able to buy goats from the proceeds of my business which I sell when there holidays like Christmas and Easter holidays. Through my business I have been able to support my mother to pay school of my last born sister who has not finished secondary education.Now am planning to go college to hone my skills in business. I am very optimistic not that I have known Zidisha life can only be better.
Am always thankful to Zidisha and particularly to my lenders who have enabled me to realize my dreams. To be honest my life is better than it was before I knew Zidisha. Like the last two loans have helped me big time and know that I can achieve many things in life.
Well, Now am requesting for a loan to buy an incubator for hatching chicken. The demand of chicken has gone so high in our area where I operate my business. In this area there is only one person who is doing the business and is overwhelmed by the demand. The incubator is going for Ksh 85,000 which is equivalent to USD 925. It is for 702 eggs . Am requesting for Ksh 57,000 which is USD 623. I will top up the balance from my savings. This will bring a very big shift in my business and my life in general. My uncle has agreed to give me space where I can be putting the incubator and also I can brood once they are hatched. I have been told the rate of hatching can be between 70% to 90% depending with the quality of the eggs. I will source the eggs from my uncle who rears the indigenous chicken. He will be selling the eggs at Ksh 20 per eggs which is equivalent to 21 cents a dollar. The price of a day old chick Ksh 100 which is equal to 1 US dollar. From my simple calculations, if I get a hatching rate of 70%, I will be making a gross profit of Ksh 49,000 ( USD 532) after I deduct the operating cost (i.e) Electricity and buying of the eggs I will be making a net profit of more than
Ksh 20,000 (USD 220). Please help me achieve these and one day be a lender.Thank you so much and may God increase you tremendously.
Apr 15, 2015
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