Expansion of poultry house and store
Kelvin
Kasarani Santon, Kenya
100% repaid
Entrepreneur
Name
Kelvin
Member since
August 2014
On-time repayments
200 installments • 20%
About Me
I am Kenyan who is 35 years old, i went through primary and secondary educations between 1986 and 1997, thereafter i went to college where i pursued a diploma in computer engineering, after that i got employed in a Vegetable, Fruit and Flower exporting company. I am also a farmer, where i keep Broiler chicken for commercial purposes. This business has assisted me in my own life and also in payment of school fees for siblings and some relatives. It has also created employment for some of my relatives.
My Business
I am currently in poultry farming business whereby i keep broiler chicken for meat purposes. This business entails buying of a day old broiler chicks, rearing them for between 5 and 6 weeks and thereafter selling them for around 4 dollars each. I usually buy an average of
300 chicks for around 194 dollars. The cost of food and medication is around 570 dollars and after around 5 to 6 weeks i am able to make a sale of around 1200 dollars, which translate to a profit of around 400 dollars. My costumers range from hotels, butcheries and individuals. The major challenge in this business is poultry diseases but this can be avoided by proper medication. I plan to use the money i will borrow to build a bigger poultry house and a food store so that i can be able to bring a bigger poultry stock
Loan Proposal
I intend to buy building material with the money so that i can be able to expand the poultry house and build a bigger store for the feeds. The cost of building will be approximately 37 dollars for the building material and about 11 dollars for the cost of labor. Once i manage to build a bigger house for my chicken and store i will be able to bring in a bigger stock of chicken which will translate in a greater profit margin. I will appreciate every help i can get in the growth of my business
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Sep 10, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Republic of Korea
Duisburg, Germany
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