Buying poultry feed for my chicken

Martin

Ngoingwa, Kenya

8% repaid

Entrepreneur

Name

Martin

Member since

May 2014

On-time repayments

227 installments  •  4%

About Me

I am a first born in a family of six.I am a graduate of the Technical university of Kenya with Beng in Electrical and Electronics eng.I am currently an engineering intern at Bidco Oil Refineries Ltd,Thika.
I started this business so that it can help me cater for my university fees. Now, after campus i have decide to expand this business because the market is there and the turn over is good.

My Business

I run a poultry farm in my home with around 100 layers and currently i have around 100 chicks(broilers). The layers are being fed at an approximate cost of worth around 112.447 USD per week and producing around 20 trays per week.I sell a tray at 4 USD so the turn over is around 75 USD per week after catering for other costs.
The challenge in this business is the high cost of feed and drop in sales due to the currently poor tourism industry of course due to insecurity, but, am hoping the government will help solve this problem.
I want to borrow this loan to at least boost me for one weeks feed. i will use funds from this poultry farm to repay your loan as soon as possible. Please offer to assist me and i will appreciate.Thank you

Loan Proposal

I run a poultry farm in my home with around 100 layers and currently i have around 100 chicks(broilers). the layers are producing are being fed with feed worth around 115 USD per week and producing around 20 trays per week.I sell a tray at 4 USD so the turn over is around 75 USD per week after catering for other costs.
I need around 145.272 US Dollars to buy poultry feed.This amount will be enough to buy feed for one week consumption, It will greatly boost boost my business since the turn over is currently at 60% of the weekly feed bought.I want to borrow this loan to at least boost me for one weeks feed. I will use funds from this poultry farm to repay your loan as soon as possible.
Please assist me and i will pay back cheerfully,thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jun 21, 2014

Repayment status

Late

Projected term

68 months

Lenders

S

stroll

Stockholm, Sweden

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Leonardia

Waddinxveen, Netherlands

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