Entrepreneur
Name
Samuel
Member since
July 2015
On-time repayments
70 installments • 66%
About Me
My names are njoroge Samuel from limuru i went to mange primary school and manguo high school,i couldn't further my education because my parents lucked money to see me through my education.
At first i tarmacked not knowing what to do but after some months i settled for chick raring which i started after doing Lab our jobs in construction sites and managed to save 4500 Kenya shillings.
I began with one chick and 10 eggs which 7 hatched successfully.
the amount i used in construction of chick house which is next to my room and buying equipments and planting of kale's.
My hobbies is dancing singing and traveling my siblings would are in school,and i would like to get to a point i support their education and see them finish school.
i do chicken raring for a living which i began after high school.
My Business
MY business is raring of chicken for sale of eggs and meat,I sell two crates of eggs a day and 30 hens a week making a profit of 100 Kenya shilling per hen and 300kes per crate.In a week i make a profit of 6600 Kenya shilling which i put back to buying feeds for my chicks and savings deposit.i spend 3000ksh on different variety of feeds as i have small chicks which uses starter feeds and old ones which i feed with Kale's.
I use this profits wisely and carefully as my biggest challenge is to be in market always.
Loan Proposal
When i receive this loan of 235 us dollars i will buy a 60 egg incubator they have been an increase in demand for small chicks of two and three weeks old among new farmers and after i took a visit to a friends poultry farm i realized he makes lots of profit from selling chicks than eggs.
A two week old chick goes for 10 us dollars, a three weeks old chick goes for 15 us dollars and a month old chick goes for 20 us dollars.
If i manage to produce 60 chicks every two weeks at the end of the month i will be selling them at 10 us dollars making a profit of 600 us dollars a month.
With this incubator my lenders i will increase my profit buy 100 percent and make enough income to feed my chicks and expand my poultry farm.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$235.00
Date disbursed
Jul 4, 2016
Repayment status
Late
Projected term
5 months
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Lenders
United States
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