Hatchery project for my chicks

Peter

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Peter

Member since

March 2020

On-time repayments

13 installments  •  8%

About Me

My names are Njobvu Peter, am a Zambian citizen aged 27yrs, am a self motivated person who has a big desire of entrepreneurship, I have been doing business of incubating different types of poultry eggs and selling chicks to subsistence farmers, I started this business in 2019 and I thought of growing it be lending some finances.

My Business

I sell chicks of different types of birds to local farmers, I have a small incubator that I use to incubate the eggs and sell the chicks at different stages of their growth at a small scale due to low or small capital, am only able to hatch 100 chicks per week but my target is to the number 500 per week and increase the number to 1000 per week after 6 months, the funds will be used to buy more eggs and a big incubator at later stage

Loan Proposal

To purchase 4 trays for quails eggs so that I can set up a breeding stock

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Mar 24, 2020

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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  • Peter    Nov 24, 2021

    The reason for change in installments is due to business failure

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  • Za    Sep 15, 2020

    Peter is no longer in Isolation now and so he is back to business and so he is resuming payments of his loan.

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  • Peter    Aug 11, 2020

    I failed to pay my loan in time, because i was in isolation due to that i had some contact with corona virus infected people

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  • Za    Jul 28, 2020

    Peter will soon pay his remainder of the loan he just a short fall in his business.

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  • Peter    Jun 18, 2020

    With this loan you have given me am going to buy village chicken eggs from local suppliers for incubation.

    The money will help me get more eggs as to what I could afford by my self.

    I would like to say thank you for your help, may it not just end on me but continue helping others too

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  • bert    Jun 17, 2020

    tell me how you did it. Success

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