Funds to buy feeds and complete a structure for my chicken

Festus Baya

Mariakani, Kenya

100% repaid

Entrepreneur

Name

Festus Baya

Member since

January 2015

On-time repayments

288 installments  •  92%

About Me

I am Festus Baya, 30years of age. I am married to one wife and blessed with one daughter; 14 months old now. Am the 6th born in a family of 8. Grew up in a rural set up hence adhered to the hard times and tough conditions but I thank God I made it through. Attended college in the region's capital hence started having a keen interest in owning up my own business in future. Secured a job after college hence saved and took a loan to buy a piece of land and built a house later on. This was my dream and being independent is still my driving force. My hobby is watching football and visiting the needy in orphanages and hospitals whenever am free.

My Business

I started my business after struggling for long to make ends meet. A meagre pay motivated me whereby I could work for long hours a day under much pressure only to get a pittance end of the month. My major business is poultry farming. I soon managed buying a small incubator through a loan and now selling chicks from day old to month old. I chose this kind of business since I take it as my hobby and you can also get results/production within a short time compared to other lumpsum investments though am a major risk-taker in life. I also take advantage of the rapidly growing population who need to be fed. I use the business in empowering the community where I urge the youth to do anything to make themselves independent. I have a Vision that I will be able to create jobs in future through this business. I take it as my retirement benefit and a financial security to my young family. The business doesn't only benefit me Financially but also in terms of Health since I get eggs and meat for the family meal. The chicken manure also helps me in planting vegetables in my kitchen garden hence easily get vitamins. I use the little profit I get in paying for my sister's school fees hence promote Education and Empowering the Future Generations in return which satisfies me being a staunch advocate for The Girl Child.

Loan Proposal

I am intending to complete a halfway constructed structure for my chicken so as to create more space since I am expecting young chicks soon from the incubator. Increase in my poultry stock also calls for availability of more feeds. I will therefore use the balance cash to restock feeds for my young and old chicken. This will be a security and guarantee to realizing the vision I have for my poultry farming.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 26, 2015

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $100.16 at 4.55% annual rate over 1 month = $0.69

Service fee: $0.56

Lenders

E

expatri

United States

C

CraigInCo

United States

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

T

timnj

United States

J

JonAlec

United States

D

Desteli

United States

R

reganbrian

United States

M

Marielle

United States

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

RJ

Ryan J Cotton

United States

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