Entrepreneur
Name
Alfred
Member since
November 2015
On-time repayments
134 installments • 99%
About Me
Am first born of a family of five. Born, Raised and went to school in the city for pretty much of my education life. My dad was a civil servant, while mum was a house wife who passed on when i was still a child. Dad had to remarry again a housewife.By the time i was getting to college life my dads age of retirement had come and I have had to work extra to ensure all my siblings behind me get an education that will sustain them in future.
Am glad they have all achieved college education. It hasnt been easy though, it been trial here and there and loans here and there.
I have tried so many things, done juice business, opened a play station games shop for kids, tried sugarcane farming, now am into poultry, maize, and dairy farming things that i naturally love.
While my passion for agriculture remains, I have also bought land with intention to open shops as part of different revenue streams and assist me educate my siblings.
I have seen an opportunity in the uber/taxify/little cab business which i also want to try.
One of my unique hobbies is reading biographies of people who have made it from zero. I teach my children to think business, I would love for them to create opportunities and employ people.
My Business
Taxi business using phone apps ie uber/taxify/etc
My intended business is to join my car into the mobile taxi platform. I have purchased a vehicle engine 1.3 litres which i want to enrol into the uber business.
Am seeking loan
1. To fit in a tracker. (200 dollars)
2. To purchase alarm system. (200 dollars)
3. To purchase all year license. (200 dollars)
The average expected pay from daily collection is 20 dollars. Per month (25days) collection is 500 dollars.
Expenses include vehicle servicing - 100 dollars monthly.
Per year total collection 6000 dollars
Per year expenses; servicing-1200
Tyres- 600 dollars
Insurance 350 dollars
License renewal 200 dollar.
Expected income 3500-3800 dollar
This income should allow me complete stalled real estate projects, it would also allow me now focus on laying good foundation to my own family.
Looking forward to my patners support in this.
Loan Proposal
The loan amount will assist me buy feeds for the chicken am rearing that are almost mature and ready for sale.
I have 300 indigenous chicken that am rearing. They consume 1/2 of a bag of meal cumulatively each day.
It takes 6-8 months for the chicken to mature and be ready for sale.
Each bag of meal goes for $12.
In an entire month I spend $ 185-200 on meals only. Other costs are labour and water buying for cleaning and drinking for the chickens.
The birds I have are 8 months and are ready for sale.
December being a festive season this is when sales are high and prices good.
With the loan am getting I shall be able to provide feeds for the corks/hen that will remain as i continue selling.
The loan amount will assist me get additional bags of meals.
The market price for mature chicken is about $8. For 300 chicks sold i expect $2400. If I minus my expenses the profit is about $600-800.
This amount I wish to reinvest all of it and redo a new cycle of rearing chicken and implement lesson learnt in current cycle. I wish also to expand it to 1000 chickens to rear and earn more. Eventually the plan is to be a supplier of indigenous chicken in my area, both meat and by product thus assisting me stabilize my immediate and assist my sibling finish their schooling.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Dec 10, 2015
Repayment status
On Time
Projected term
9 months
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