Construction of laying nests

Mdoe

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mdoe

Member since

July 2014

On-time repayments

290 installments  •  44%

About Me

Am a young man aged 31 years old.am a third born of six members of our family.our family is made up of seven menbers,six children and the mother.My father passed away in 2002.
I live in kenya at nakuru town.
I am a teacher by profession working at mission in action school.
i went through my primary school at githima primary in kuresoi.in 2001 i joined rift valley adventist secondary school untill 2004.
I later progressed to kamagambo teachers college in 2007 and graduated in 2009.
Am currently a4th year student at Kentatta university.
i like travelling,listening to music and watching movies.
am soo poor in choosing a meal to cook for dinner.

My Business

POULTRY FARM
I have 630 layers.
I collect a minimum of 18700 eggs per month converting to 623 crates each selling at $3.In total it earns me a total of $1870
The eggs produced are of good quality and therefore prefered by my customers.Apart from this eggs are in high demand in my town of residence.
The project expenses per month is as follows:
Food 2000kg $880
Medication $100
Electricity bill $10
Caretacker $50
Transport $50
Others $50
TOTAL $50
Profit $1190
Challenges.
The breaking of eggs during packing and transportation.
incase of a disease a hen is lost

Apart from the poultry farm i conduct private coaching where i attend to an average of 30 students in a month.Every student pays a fee of $5 monthly adding up to $150.The tution runs from 5.30pm-8.00pm every Monday-Friday.This is after am done with the employed work.

Loan Proposal

This loan will help me in the construction of laying nests for the birds.Once i get the loan I will buy the following materials to assist in the construction.
110piece of wood@$0.6 adding to$66
4kg nails@$1.7 adding to$6.8
Transport $3
Labor $8.9
In total the construction cost is$84.7
The remaining amount of$11.9 i plan to use it in purchasing 10 crates for storing and transporting eggs.Each crate goes for$1.1The total amounts to $11.
Construction of these nests and purchasing of the crates will prevent the eggs from breaking which in turn increases my profits.
The average number of eggs that break in a day is six.This is a loss of $0.7 per day and $20 a month.By constructing laying nests and buying crates this will turn to profits.
The new crates will save at least $2 daily as transport expense as the eggs will be transported once.
I look forward to your assistance.Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Jan 7, 2015

Repayment status

On Time

Projected term

4 months

Lenders

P

phangsang

Seattle, United States

YB Song

Seoul, Republic of Korea

P

PlutusNOR

Trondheim, Norway

Bhayl

Stavanger, Norway

Cricketca

San Jose, United States

stanbogdanov

Sofia, Bulgaria

T

thebonseung

Republic of Korea

L

lamar

lamar colorado, United States

Matthias Schulz

Berlin, Germany, Germany

T

thehigginsons

United Kingdom

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Summary

Amount repaid

$103.63

Amount remaining

$0.00

Date repaid

Jun 6, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 18, 2015 $3.21 Jan 17, 2015 $3.21
Jan 25, 2015 $3.21 Jan 17, 2015 $0.16
Jan 24, 2015 $3.06
Feb 1, 2015 $3.21 Jan 24, 2015 $0.31
Jan 31, 2015 $2.90
Feb 8, 2015 $3.21 Jan 31, 2015 $0.47
Feb 7, 2015 $2.74
Feb 15, 2015 $3.21 Feb 7, 2015 $0.63
Feb 14, 2015 $2.58
Feb 22, 2015 $3.21 Feb 28, 2015 $3.21
Mar 1, 2015 $3.21 Feb 28, 2015 $3.21
Mar 8, 2015 $3.21 Feb 28, 2015 $0.31
Mar 7, 2015 $2.90
Mar 15, 2015 $3.21 Mar 7, 2015 $0.02
Mar 18, 2015 $3.19
Mar 22, 2015 $3.21 Mar 18, 2015 $0.18
Mar 22, 2015 $3.03
Mar 29, 2015 $3.21 Mar 22, 2015 $0.34
Mar 29, 2015 $2.88
Apr 5, 2015 $3.21 Mar 29, 2015 $0.49
Apr 4, 2015 $2.72
Apr 12, 2015 $3.21 Apr 4, 2015 $0.65
Apr 11, 2015 $2.56
Apr 19, 2015 $3.21 Apr 11, 2015 $0.02
Apr 25, 2015 $3.19
Apr 26, 2015 $3.21 Apr 25, 2015 $2.37
May 1, 2015 $0.84
May 3, 2015 $3.21 May 2, 2015 $3.21
May 10, 2015 $3.21 May 16, 2015 $3.21
May 17, 2015 $3.21 May 16, 2015 $3.21
May 24, 2015 $3.21 May 30, 2015 $3.21
May 31, 2015 $3.21 May 30, 2015 $3.21
Jun 7, 2015 $39.36 Jun 6, 2015 $39.36

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