Name
Millicent
Member since
March 2014
On-time repayments
151 installments • 30%
My Name is Millicent Njue. I am married with three children and live in Nairobi. I hope to be an established chicken farmer and as soon as that happens retire to my farm in the country .I have an online business to supplement my family income alongside farming in the country. I hope to retire to the countryside in a few years thus need to set up a sustainable business venture before then. I have a passion for farming and have settled on chicken farming since it is the most profitable in my area. I lost quite a number of chicken from an outbreak of disease in my area thus I need to add onto the remaining ones to build my stock.
My area is not very good with crops due to inadequate rainfall. It is for this reason that I came up with the idea of keeping chicken for an income since not much water is required for it. I have found out that there is ready market in the nearby towns therefore guaranteed of market for my chicken. Unfortunately I lost quite a number of chicken to a recent outbreak thus need to add on to the remaining stock. I aspire to be a leading meat supplier in the coming years and also have eggs for sale. If I can grow my stock I will then be able to supply my products to the town that is near me and will have achieved my goal of being a successful farmer and even offer some people jobs on the farm to be able to take care of the chicken. That is why I need a loan.
I have a chicken brood that I need to expand so as to optimize my returns from it. I need to buy several more chickens as well as expand the pen that I currently have. A bigger number of chicken will give me better returns and thus ensure that I can expand my business further when I am able to meet the market needs in my area. The demand is there and I wish to tap into this to uplift my family in the long run.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 29, 2014
Repayment status
On Time
Projected term
3 months
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