Raising chickens to finance my studies

Aloysius

Kiogoro, Kenya

100% repaid

Entrepreneur

Name

Aloysius

Member since

February 2014

On-time repayments

292 installments  •  4%

About Me

Am Aloysius Bota ,Live in kisii i come from a family of seven being the 1st born in the family,i work as an high school teacher Had finished my education last year from Egerton University ,i do a small scale business in part time which helps me bring up my family .most of my earnings from my business are for expanding the business and savings.i also pay rent and bills so as to continue with the business without interference from the revenue authority.i also manage to support my family with cash for example paying fees to my siblings thus receiving blessings from God and parents.

My Business

My business is a single business dealing with rearing hens,this is buy selling eggs and also selling chicken meat ,theres high demand in this business because i have ready market especially from neighbouring schools and hotels which need chicken meat.I make a large profit of 20,000 from the chicken thus helping me pay house rent,bringing up my self and family ,power bills and also my transport.The business faces a risk of chicken disease that is if you dont do vaccination in time however the profit is high.I also educate my customers on how to use their new products thus making them aware of what they are buying.by so doing i have so many customers both young and old especially sales persons .my charges are cheap compared to other members cause i understand business language.i would request to get a loan help me boost my business and help me in my contribution toward buying an incubator which will help me add on what i had saved.It will be of my great pleasure to also pay the loan as soon as i receive.Thanks

Loan Proposal

I have a small scale farming of chicken,i would request for a loan to help me buy a chicken hatcher,This is the machine that is used to lay eggs in large amount.I suggested to buy this because it will hatch many eggs at the end of the month and ill be able to get some enough amount of cash to boost up my educational studies.This machine is more efficient because it saves time and has a large production of eggs ,an example if i put 40 eggs on the machine all the eggs will be hatched like 40 chickens now and after two months they will be big hens each costing 400.Now it will be 400x 40 =16,000.And now is that how my business will be growing.Compared now to my business i rely on 15 hens of which take lots of days to hatch all this times at a goo,now if ill be getting the eggs from this ready hens that i have ill be able to push up my business by far.Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 12, 2014

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

Sarasota

Sarasota, Fl, United States

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