Chicken project

Angles Mulenga

Mongu, Zambia

100% repaid

Entrepreneur

Name

Angles Mulenga

Member since

May 2021

On-time repayments

29 installments  •  79%

About Me

M usey name is Angels Mulenga and I live in Mongu, Western Province of Zambia. I work in legal organization of semi government and iam running a chicken run on my plot number 6449 kasima , where I have built a pottery .iam rearing broilers,currently I have 150 birds which are 4 weeks old and after two weeks they be ready for sale,the capacity of my chicken run is 600chickens.the markets is available for selling to local restaurant at k70 each.but iam failing to meet the demand due to lack of capital ,if I can be able to buy 600chicks I can make k42,000 after six weeks.

My Business

My business I sell chickens the broilers to the restraints in mongu town,currently I have 150 chickens waiting to be sold ,two weeks ago I sold 240 chickens at k70 each and iam using the same money to buy feed for the chickens currently in my chicken run and I want to buy some more 100 chickens on 01st June,2021 out the money I raised from my previous sells .besides I earn k8000 as my monthly salary where I work as a public prosecutor

Loan Proposal

I want to boost my chicken project business as iam intending to order more chicks of 500,so that my business grow and the one iam distributing which are ready for market are 300 ,I want to increase by 200 hundred on top of 300 which will make a total of 500,the chickens are trading at k90 in mongu town of western Province of Zambia .so if iam given iam intending to grow my financial capacity of business

Feedback

1

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  • CMB    Jul 3, 2021

    Thanks for paying back ahead of time.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$56.58

Date disbursed

Jul 21, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $3.67

Optional expediting fee: $11.06

Lenders

Dao Nguyen

austin, United States

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