Buying solar and battery for eggs hatching incubator

Edward

Mosocho, Kenya

100% repaid

Entrepreneur

Name

Edward

Member since

March 2016

On-time repayments

245 installments  •  62%

About Me

I Edward Mandi was born in Kisii County some 50 years ago in a family of seven, i went to school up to standard eight and then joined craft centre where i trained as Radio and Television technician.
i was employed i saved some money which i used to open my current business in Radio and Television repair.
the land where i live is fertile even though is small is a good land for cultivation.
One wants to be electrical /electronics engineering , another want to be an agricultural extensional officer, another one wants to be a social worker.
my hobby is electronics and learning more about poultry farming.

My Business

I own Radio and Television repair workshop in Kisii County within Kisii Town.
Due to long experience in this work i have a lot of customers.
I like this type of work since my childhood, So i decide to train as a Radio and Television Technician.
I pay for the working place Kshs. 5000 per month/Kshs.1500 for electricity bill, Kshs. 3000 for traveling expenses, then i can make approximately between 50,000 and 80,000 per month.
I use my income profit to pay school fee for my children and other needs for the family, i also invest other money in growing my business, e.g i have small poultry farm.

Loan Proposal

The new loan will help me buy a solar panel and battery for my eggs hatching incubator.
The solar panel for 250 watts will cost Kes 25,000/-, and 120 Amps dry cell will cost around Kes. 48,000/- and the rest of the money will help me buy breading mother stock to start my new eggs hatching project.
This will help me reduce the price of day old chick to other farmers from Ksh, 100/- to Ksh. 80/- so they can also benefit.
The solar system will help reduce the cost of electricity, and i will not get lose by outages of electricity.

Feedback

1

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  • Mary    Nov 20, 2017

    Edward repaid his loan ahead of time. I would recommend funding his future loans!

    Log in to reply • Share
    • Edward    Nov 28, 2017

      Thank you so Mary for believing in me. I will also strive hard to repay the future loan.

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$797.00

Date disbursed

Dec 13, 2017

Repayment status

On Time

Projected term

17 months

Lenders

John Minges

United States

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