Buy incubator for expansion of poultry farm business
Ruth
Kitengela, Kenya
60% repaid
Entrepreneur
Name
Ruth
Member since
January 2015
On-time repayments
282 installments • 17%
About Me
Since I was young I loved farming. My parents are substance farmers and depend on the little income they get to educate me and my 2 siblings. I started developing an interest to rear poultry when I was in my second year in secondary school. I realized my parents were struggling to get me pocket money after paying my school fees. I bought an hen and would request my mum to sell the eggs and keep the cash safely to divide it among us during school openings as our pocket money. Immediately after finishing form four, I decided I needed to start a business venture that will help me earn income as well as ensure I am fully occupied as I await my parents to look for cash to fund my college education. I am planning to pursue a course on Agricultural economics. From four hens and one cock I now boast of 30+ hens, I am proud of my achievement, but would wish to expand it such that I can generate more income and help my parents in raising my college fees
My Business
In my first loan, i bought an incubator which i am currently using to hatch eggs. My current income is sale of eggs and chicks when they attain 1 month old. In a day I collect approximately 15-20 eggs. Each egg retails at Ksh 20 hence in a week I make Ksh 2100 ($26.25) from the eggs. I also sell 1 month old chicks at a rate of Ksh 250-300 (~$4) per chick. The hatch rate for my hen is 95% because I only use eggs which are less that a week old for breeding to ensure high fertility rate. I have been saving the profits for my college fees, but I have realized my business has a great potential for growth. I plan to increase the number of chicken I keep from current 30 to 100-150. This implies I will need additional funds to cater for the feed and other expenses such as medical expenses. Hence why I am seeking for assistance from you my lenders.
Loan Proposal
I used the first loan to buy an incubator. I will use this loan to build a bigger house for the chicken. I anticipate each month to be hatching over 100 chicks. My incubator has a capacity of 48 eggs and at any given time can have 5-6 hens sitting on their eggs. I will use the income I get from the sale of eggs and chicks to repay the loan. If the business picks as it has, I will soon employ a helper to help me manage the poultry farming business
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$132.00
Date disbursed
Apr 15, 2015
Repayment status
Late
Projected term
66 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Taiwan
Summary
Amount repaid
$82.67
Amount remaining
$56.11
Expected completion
Sep 27, 2020
Status
Repaying late
Installment amount
$0.56
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 26, 2015 | $3.78 | Apr 25, 2015 | $3.78 |
| May 3, 2015 | $0.00 | ||
| May 10, 2015 | $0.00 | ||
| May 17, 2015 | $3.33 | May 12, 2015 | $1.67 |
| May 31, 2015 | $1.67 | ||
| May 24, 2015 | $3.33 | May 31, 2015 | $3.33 |
| May 31, 2015 | $3.33 | May 31, 2015 | $1.67 |
| Jun 6, 2015 | $1.67 | ||
| Jun 7, 2015 | $3.33 | Jun 6, 2015 | $3.33 |
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $1.11 | Jul 5, 2015 | $1.11 |
| Jul 5, 2015 | $1.11 | Jul 5, 2015 | $1.11 |
| Jul 12, 2015 | $1.11 | Jul 5, 2015 | $1.11 |
| Jul 19, 2015 | $1.11 | Jul 18, 2015 | $1.11 |
| Jul 26, 2015 | $1.11 | Jul 18, 2015 | $1.11 |
| Aug 2, 2015 | $1.11 | Aug 2, 2015 | $1.11 |
| Aug 9, 2015 | $1.11 | Aug 2, 2015 | $1.11 |
| Aug 16, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Aug 23, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Aug 30, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Sep 6, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Sep 13, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Sep 20, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Sep 27, 2015 | $1.11 | Sep 9, 2015 | $1.11 |
| Oct 4, 2015 | $1.11 | Oct 29, 2015 | $1.11 |
| Oct 11, 2015 | $1.11 | Oct 29, 2015 | $1.11 |
| Oct 18, 2015 | $1.11 | Oct 29, 2015 | $1.11 |
| Oct 25, 2015 | $1.11 | Oct 29, 2015 | $1.11 |
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $1.11 | Dec 2, 2015 | $1.11 |
| Nov 29, 2015 | $1.11 | Dec 2, 2015 | $1.11 |
| Dec 6, 2015 | $1.11 | Dec 2, 2015 | $1.11 |
| Dec 13, 2015 | $1.11 | Dec 2, 2015 | $1.11 |
| Dec 20, 2015 | $1.11 | Jan 13, 2016 | $1.11 |
| Dec 27, 2015 | $1.11 | Jan 13, 2016 | $0.11 |
| Jan 27, 2016 | $1.00 | ||
| Jan 3, 2016 | $1.11 | Jan 27, 2016 | $0.11 |
| Feb 10, 2016 | $1.00 | ||
| Jan 10, 2016 | $1.11 | Feb 10, 2016 | $1.11 |
| Jan 17, 2016 | $1.11 | Feb 10, 2016 | $0.11 |
| Mar 7, 2016 | $1.00 | ||
| Jan 24, 2016 | $1.11 | Mar 7, 2016 | $1.11 |
| Jan 31, 2016 | $1.11 | Mar 7, 2016 | $1.11 |
| Feb 7, 2016 | $0.33 | Mar 7, 2016 | $0.33 |
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| Apr 10, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| Apr 17, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| Apr 24, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| May 1, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| May 8, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| May 15, 2016 | $1.11 | Mar 30, 2016 | $1.11 |
| May 22, 2016 | $0.78 | Mar 30, 2016 | $0.78 |
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $0.00 | ||
| Jul 24, 2016 | $0.00 | ||
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $1.11 | Aug 6, 2016 | $1.11 |
| Aug 14, 2016 | $1.11 | Aug 6, 2016 | $1.11 |
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $0.00 | ||
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $1.11 | Sep 21, 2016 | $1.11 |
| Oct 2, 2016 | $1.11 | Sep 21, 2016 | $1.11 |
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $0.00 | ||
| Oct 23, 2016 | $0.00 | ||
| Oct 30, 2016 | $0.00 | ||
| Nov 6, 2016 | $0.00 | ||
| Nov 13, 2016 | $0.00 | ||
| Nov 20, 2016 | $0.00 | ||
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $0.00 | ||
| Dec 11, 2016 | $0.00 | ||
| Dec 18, 2016 | $1.11 | Jan 31, 2017 | $1.11 |
| Dec 25, 2016 | $1.11 | Jan 31, 2017 | $1.11 |
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $0.00 | ||
| Feb 19, 2017 | $1.11 | Apr 17, 2017 | $1.11 |
| Feb 26, 2017 | $0.00 | ||
| Mar 5, 2017 | $0.00 | ||
| Mar 12, 2017 | $0.00 | ||
| Mar 19, 2017 | $0.00 | ||
| Mar 26, 2017 | $0.00 | ||
| Apr 2, 2017 | $0.00 | ||
| Apr 9, 2017 | $0.00 | ||
| Apr 16, 2017 | $0.00 | ||
| Apr 23, 2017 | $0.00 | ||
| Apr 30, 2017 | $0.00 | ||
| May 7, 2017 | $0.00 | ||
| May 14, 2017 | $1.11 | May 22, 2017 | $1.11 |
| May 21, 2017 | $0.00 | ||
| May 28, 2017 | $1.11 | Jul 26, 2017 | $1.11 |
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.00 | ||
| Jul 30, 2017 | $0.00 | ||
| Aug 6, 2017 | $0.00 | ||
| Aug 13, 2017 | $1.11 | Oct 29, 2017 | $1.11 |
| Aug 20, 2017 | $0.00 | ||
| Aug 27, 2017 | $0.00 | ||
| Sep 3, 2017 | $0.00 | ||
| Sep 10, 2017 | $0.00 | ||
| Sep 17, 2017 | $0.00 | ||
| Sep 24, 2017 | $0.00 | ||
| Oct 1, 2017 | $0.00 | ||
| Oct 8, 2017 | $0.00 | ||
| Oct 15, 2017 | $0.00 | ||
| Oct 22, 2017 | $0.00 | ||
| Oct 29, 2017 | $0.00 | ||
| Nov 5, 2017 | $0.00 | ||
| Nov 12, 2017 | $0.00 | ||
| Nov 19, 2017 | $0.00 | ||
| Nov 26, 2017 | $0.00 | ||
| Dec 3, 2017 | $0.00 | ||
| Dec 10, 2017 | $0.00 | ||
| Dec 17, 2017 | $0.00 | ||
| Dec 24, 2017 | $0.00 | ||
| Dec 31, 2017 | $0.00 | ||
| Jan 7, 2018 | $0.00 | ||
| Jan 14, 2018 | $0.00 | ||
| Jan 21, 2018 | $0.00 | ||
| Jan 28, 2018 | $1.11 | Oct 24, 2018 | $1.11 |
| Feb 4, 2018 | $1.11 | Nov 18, 2018 | $1.11 |
| Feb 11, 2018 | $1.11 | Nov 18, 2018 | $1.11 |
| Feb 18, 2018 | $0.00 | ||
| Feb 25, 2018 | $0.00 | ||
| Mar 4, 2018 | $0.00 | ||
| Mar 11, 2018 | $0.00 | ||
| Mar 18, 2018 | $0.00 | ||
| Mar 25, 2018 | $0.00 | ||
| Apr 1, 2018 | $0.00 | ||
| Apr 8, 2018 | $0.00 | ||
| Apr 15, 2018 | $0.00 | ||
| Apr 22, 2018 | $0.00 | ||
| Apr 29, 2018 | $0.00 | ||
| May 6, 2018 | $0.00 | ||
| May 13, 2018 | $0.00 | ||
| May 20, 2018 | $0.00 | ||
| May 27, 2018 | $0.00 | ||
| Jun 3, 2018 | $0.00 | ||
| Jun 10, 2018 | $0.00 | ||
| Jun 17, 2018 | $0.00 | ||
| Jun 24, 2018 | $0.00 | ||
| Jul 1, 2018 | $0.00 | ||
| Jul 8, 2018 | $0.00 | ||
| Jul 15, 2018 | $0.00 | ||
| Jul 22, 2018 | $0.00 | ||
| Jul 29, 2018 | $0.00 | ||
| Aug 5, 2018 | $0.00 | ||
| Aug 12, 2018 | $0.00 | ||
| Aug 19, 2018 | $0.00 | ||
| Aug 26, 2018 | $0.00 | ||
| Sep 2, 2018 | $0.00 | ||
| Sep 9, 2018 | $0.00 | ||
| Sep 16, 2018 | $0.00 | ||
| Sep 23, 2018 | $0.00 | ||
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $0.00 | ||
| Oct 21, 2018 | $0.00 | ||
| Oct 28, 2018 | $0.00 | ||
| Nov 4, 2018 | $0.00 | ||
| Nov 11, 2018 | $0.00 | ||
| Nov 18, 2018 | $0.00 | ||
| Nov 25, 2018 | $0.00 | ||
| Dec 2, 2018 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.56 | Dec 13, 2018 | $0.56 |
| Dec 23, 2018 | $0.56 | Dec 13, 2018 | $0.56 |
| Dec 30, 2018 | $0.56 | Jan 1, 2019 | $0.56 |
| Jan 6, 2019 | $0.56 | Jan 1, 2019 | $0.56 |
| Jan 13, 2019 | $0.56 | Mar 20, 2019 | $0.56 |
| Jan 20, 2019 | $0.56 | Mar 20, 2019 | $0.56 |
| Jan 27, 2019 | $0.00 | ||
| Feb 3, 2019 | $0.00 | ||
| Feb 10, 2019 | $0.00 | ||
| Feb 17, 2019 | $0.00 | ||
| Feb 24, 2019 | $0.00 | ||
| Mar 3, 2019 | $0.00 | ||
| Mar 10, 2019 | $0.00 | ||
| Mar 17, 2019 | $0.00 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $0.56 | Apr 18, 2019 | $0.56 |
| Apr 7, 2019 | $0.56 | Apr 18, 2019 | $0.56 |
| Apr 14, 2019 | $0.56 | May 22, 2019 | $0.56 |
| Apr 21, 2019 | $0.56 | May 22, 2019 | $0.56 |
| Apr 28, 2019 | $0.56 | May 22, 2019 | $0.56 |
| May 5, 2019 | $1.11 | Jun 14, 2019 | $1.11 |
| May 12, 2019 | $0.56 | Jun 14, 2019 | $0.56 |
| May 19, 2019 | $0.00 | ||
| May 26, 2019 | $0.00 | ||
| Jun 2, 2019 | $0.00 | ||
| Jun 9, 2019 | $0.00 | ||
| Jun 16, 2019 | $0.00 | ||
| Jun 23, 2019 | $0.56 | Jul 31, 2019 | $0.56 |
| Jun 30, 2019 | $0.56 | Jul 31, 2019 | $0.56 |
| Jul 7, 2019 | $0.00 | ||
| Jul 14, 2019 | $0.00 | ||
| Jul 21, 2019 | $0.00 | ||
| Jul 28, 2019 | $0.00 | ||
| Aug 4, 2019 | $0.00 | ||
| Aug 11, 2019 | $0.00 | ||
| Aug 18, 2019 | $0.00 | ||
| Aug 25, 2019 | $0.00 | ||
| Sep 1, 2019 | $0.00 | ||
| Sep 8, 2019 | $0.00 | ||
| Sep 15, 2019 | $0.00 | ||
| Sep 22, 2019 | $0.56 | Sep 22, 2019 | $0.56 |
| Sep 29, 2019 | $0.56 | Sep 22, 2019 | $0.56 |
| Oct 6, 2019 | $0.56 | ||
| Oct 13, 2019 | $0.56 | ||
| Oct 20, 2019 | $0.56 | ||
| Oct 27, 2019 | $1.11 | ||
| Nov 3, 2019 | $1.11 | ||
| Nov 10, 2019 | $1.11 | ||
| Nov 17, 2019 | $1.11 | ||
| Nov 24, 2019 | $1.11 | ||
| Dec 1, 2019 | $1.11 | ||
| Dec 8, 2019 | $1.11 | ||
| Dec 15, 2019 | $1.11 | ||
| Dec 22, 2019 | $1.11 | ||
| Dec 29, 2019 | $1.11 | ||
| Jan 5, 2020 | $1.11 | ||
| Jan 12, 2020 | $1.11 | ||
| Jan 19, 2020 | $1.11 | ||
| Jan 26, 2020 | $1.11 | ||
| Feb 2, 2020 | $1.11 | ||
| Feb 9, 2020 | $1.11 | ||
| Feb 16, 2020 | $1.11 | ||
| Feb 23, 2020 | $1.11 | ||
| Mar 1, 2020 | $1.11 | ||
| Mar 8, 2020 | $1.11 | ||
| Mar 15, 2020 | $1.11 | ||
| Mar 22, 2020 | $1.11 | ||
| Mar 29, 2020 | $1.11 | ||
| Apr 5, 2020 | $1.11 | ||
| Apr 12, 2020 | $1.11 | ||
| Apr 19, 2020 | $1.11 | ||
| Apr 26, 2020 | $1.11 | ||
| May 3, 2020 | $1.11 | ||
| May 10, 2020 | $1.11 | ||
| May 17, 2020 | $1.11 | ||
| May 24, 2020 | $1.11 | ||
| May 31, 2020 | $1.11 | ||
| Jun 7, 2020 | $1.11 | ||
| Jun 14, 2020 | $1.11 | ||
| Jun 21, 2020 | $1.11 | ||
| Jun 28, 2020 | $1.11 | ||
| Jul 5, 2020 | $1.11 | ||
| Jul 12, 2020 | $1.11 | ||
| Jul 19, 2020 | $1.11 | ||
| Jul 26, 2020 | $1.11 | ||
| Aug 2, 2020 | $1.11 | ||
| Aug 9, 2020 | $1.11 | ||
| Aug 16, 2020 | $1.11 | ||
| Aug 23, 2020 | $1.11 | ||
| Aug 30, 2020 | $1.11 | ||
| Sep 6, 2020 | $1.11 | ||
| Sep 13, 2020 | $1.11 | ||
| Sep 20, 2020 | $1.11 | ||
| Sep 27, 2020 | $1.11 | ||
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