105 installments • 66%
My name is eunice nyabwengi, am single with two children, Shelmith pendo and Darlene sifa aged 8 and 1respectively. the older one is in primary school and the younger one still at home in nakuru kenya. i'm aquail farmer and still have a small land that i have planted vegetables for sale. i have been in the business of seling vegetables for thre years and the quail business for six months. I ventured into business after the place i was working was closed down and could not get employed elsewhere. with the business am able to meet some of my daily needs and those of my children like paying school fees, house rent water and electricity bills. I also buy more feeds for my birds and seeds for planting.
My business involves taking the vegetables to the market and selling at wholesale price then going back and selling the eggs to my customers who have booked already. I make up to ksh 1000 in a day thus making a good profit. Feeds for the birds cost ksh 500 per 10kg bag which lasts up to 6 days.In a month, i buy feeds worth ksh 2000 then am left with 12000 as my profit from the vegetables and the birds after paying all my bills. I will use the loan to buy an incubator which i will use for hatching more birds for sell and it will improve my income in a great way.
It will help me improve my business in the following way: i will buy the animals feeds with 150dollars that will last for two and a half months, 20dollars i will buy some eggs tray that i can use for putting eggs. 40dollars i will use for the animals medication.The remaining 70dollars i will use to buy eggs for hatching since the demand for chicks is high than the supply. it will also help me grow in the market.
Jan 16, 2015
Cost to entrepreneur
Lender interest: $286.44 at 4.45% annual rate over 14 months = $15.76
Service fee: $13.09