Need a cow and a goat to expand my local butchery business

Edwin

Kokotoni, Kenya

2% repaid

Entrepreneur

Name

Edwin

Member since

April 2015

On-time repayments

64 installments  •  64%

About Me

I'm a single 22 years old, third born in a family of four from Sirisia village in Bungoma county western Kenya. I have been blessed by both parents who supported me with çare and also education where I started my primary education up to secondary education, but I didnt proceed due to lack of finance. One year after my education, I joined my older brother who was working in a slaughter in kasameni kwale county coast Kenya, and I work with him for one year. Due to work challenges like overworking and working during the night, I decided to start my own small butchery with small amount of money which I have invested and also a support from my brother. I like watching movies and listening to music during my free time.

My Business

I sell cow and sheep meat which is highly demanded, as big percentage of human beings use it as their best favorite food and also does not have a high competition, because it requires large amount of capital to start, so many people cannot afford it. I chose and like my business because it is non seasonal, it moves faster and has high profit. I spent my profit to support my parents ,to overcome my needs and to upgrade my business.

Loan Proposal

My dear lenders, if I get the loan I will add my meat stock. I started my business with 50 kg of cow meat and 20 kg of goat meat, and after my first loan when I got a cutting machine, my stock was increased. Then on my third loan, I bought a freezer and managed to add 30% of my stock . My plan with this loan is to buy my own cow and goat to slaughter myself. The project will cost me $700 to which I will add from my savings. Also here on the coast many people like fish, so I am still planing to start with a small stock which will cost $98.51. I hope for now the stock is enough for my business and will help me to serve many of my customers at a time without rushing, so saving my time and money. Also my profit will increase in a certain %.

Show original English  

About Me

Am single 22 years old third born in a family of four from sirisia village from Bungoma county western kenya.İ have been blessed by both parents who supported me with çare and also education where İ started my primary education up to secondary education but İ didnt proceed due to lack of finance.öne year after my education,İ joinedmy older brother who was working in a slaughter in kasameni kwale county coast kenya and work with him for öne year.due to work challenges in work like overworking and working during night İ decided to start my own small butchery with small amount of money which İ have invested and also a support from my brother I like wathing movies and listening music during my free time

My Business

İ sell cow and sheep meat which iş highly demanded as big percentage of human being use it as the best fovourite food and also does not high competition because it requires large amount of capital to start so many people cannot afford.I choose and like my bussiness because it is non seasonal,it moves faster and has high profit.I spent my profit to support my parents ,to overcome my needs and to upgrade my business

Loan Proposal

my dear lenders,if i get the loan i will add my meat stock.i started my business with 50 kg of cow meat and 20 kg of goat meat and after my first loan when i get a cutting machine my stock was increased then my third loan i bought a freezer and managed to add 30% of my stock .my plan with this loan is to buy my own cows and goat and i slaughter my self.the project will cost me $700 which i will add from my savings.also i here in coast many people like fish meat so am still planing to start with small stock which will cost $98.51.i hope for now the stock is enough for my business and will help me to serve many of my customers at a time without
rushing so saving my time and money.it will increase my profit up to 80%

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$551.00

Date disbursed

Mar 29, 2016

Repayment status

Late

Projected term

65 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

D

Divergent

Bethesda, United States

L

leniwiec

Poznan, Poland

S

Scodeb123

Huntsville, United States

E

edgreig

Brixton, United Kingdom

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

L

Leonora

TÄBY, Sweden

DocHolliday

Legend, United States

W

wiwillia

Milbrae, United States

mepster

San Francisco, Ca, United States

S

shappysfunland

United States

SuperMario28

Cudahy, United States

PG

Paul Graham

United States

John Minges

United States

P

Peter

Bratislava, Slovakia

Nick

Manchester, United Kingdom

S

Silvano

Switzerland

roark22

Geneva, Switzerland

I

ibaer

Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

SA

Syed Anwar

United Arab Emirates

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Edwin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$13.90

Amount remaining

$564.65

Expected completion

Oct 16, 2016

Status

Repaying late

Installment amount

$42.31

Repayment History

Expected Payments Actual Payments
Apr 10, 2016 $1.81 Apr 12, 2016 $1.81
Apr 17, 2016 $2.01 Apr 20, 2016 $2.01
Apr 24, 2016 $0.00
May 1, 2016 $0.00
May 8, 2016 $0.00
May 15, 2016 $1.01 May 20, 2016 $1.01
May 22, 2016 $1.01 May 20, 2016 $1.01
May 29, 2016 $1.01 May 20, 2016 $1.01
Jun 5, 2016 $1.01 Jun 6, 2016 $1.01
Jun 12, 2016 $1.01 Jun 6, 2016 $1.01
Jun 19, 2016 $1.01 Jul 15, 2016 $1.01
Jun 26, 2016 $1.01 Jul 15, 2016 $1.01
Jul 3, 2016 $1.01 Jul 15, 2016 $1.01
Jul 10, 2016 $1.01 Jul 15, 2016 $1.01
Jul 17, 2016 $42.31 Jul 15, 2016 $1.01
Jul 24, 2016 $42.31
Jul 31, 2016 $42.31
Aug 7, 2016 $42.31
Aug 14, 2016 $42.31
Aug 21, 2016 $42.31
Aug 28, 2016 $42.31
Sep 4, 2016 $42.31
Sep 11, 2016 $42.31
Sep 18, 2016 $42.31
Sep 25, 2016 $42.31
Oct 2, 2016 $42.31
Oct 9, 2016 $42.31
Oct 16, 2016 $15.66

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