Funds to purchase more chicks

Yuvenalis

Kisii, Kenya

95% repaid

Entrepreneur

Name

Yuvenalis

Member since

March 2017

On-time repayments

61 installments  •  49%

About Me

I am Yuvenalis Mogire. I went to school at Sengera; although I had struggles with life working in our shamba and grazing livestock, I managed to finish O levels. Later I did a certificate in business administration in St. Ann College in Kisii town. After school, I secured a job with the municipal council, from which I managed to save money to start my business. I have three kids whom I am schooling and supporting fully.

My Business

After saving, I bought three-week chicks that I personally reared and I liked the idea. After my first sales, I started to rear indigenous chickens (Kienyeji chickens) which I sell to nearby hotels. I opted to raise Kienyeji chickens because of the harsh cold weather here; the indigenous chickens adapt well to the weather. I also sell eggs. I make a profit of USD $1,200 per month, which I use to feed my family and pay school fees for the children.

Loan Proposal

I request for funds to purchase more extra chicks of three weeks at 350KES each. I intend to buy the new kroiler chicks that are currently doing well in the market. With this I intend to increase my stock thus more sales and more profits. After this I intend to employ an assistant once I get more chicken. With improved profits I will be able to pay my bills and pay school fees for my children.
Thank you

Show original English  

About Me

I am Yuvenalis Mogire, I went to school at Sengera though with struggles with life working in our shamba and grazing livestock I managed to finish O levels.
Later I did a certificate in business administration in St Ann college in Kisii town. After school I secured a job with municipal council where I managed to save money to start my business. Am still an employee of the council to date and with my salary l support my family and in case my business is not doing well I can plough in more capital to service my loan.
I have three kids whom am schooling and supporting fully.

My Business

After savings I bought three week chicks that I personally reared and I liked the idea. After my first sales I started to rear indigenous chicken (kienyeji chicken) which I sale to nearby hotels I opted to to kienyeji chicken because of the harsh cold weather here and the indegineous chicken adapt well with the weather. I also sell eggs
I make profits of USD 1200 per month
I use them to feed my family and pay school fees for the children

Loan Proposal

I request for funds to purchase more extra chicks of three weeks at 350KES each. I intend to buy the new kroiler chicks that are currently doing well in the market. With this I intend to increase my stock thus more sales and more profits. After this I intend to employ an assistant once I get more chicken. With improved profits I will be able to pay my bills and pay school fees for my children.
Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

May 6, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Malibu River

Tokyo, Japan

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