Hens, ducks, and turkey-keeping business
Oliver
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Oliver
Member since
July 2015
On-time repayments
37 installments • 14%
About Me
am oliver mutai raised in a hunble family .be the second born in a family of five children it has not be easy.our parent take care of us with the little they get i went through primary and secondary by the grace of God and i did well despite the challenges i had because of school fees .it has not been easy life but i thank all because after every challenge their is a victory coming a head.through the challenges i have think outside the box and therefore i came up with the idea of starting a business of rearing chicks .the uniqueness of culture from where i am is that people have all intermary and no longer one culture that dominate.by now am not married but one day i trust God will give me some and i will them to be great enrtrepreneurs.may hobby rearing chicks and the best one came when we visted kari to learn more.
My Business
The goods that i offer is chicken production ranging from meat to manure.the goods are useful because of healty most people prefer white meat than red meat this is because it is free from diseases.also chicken waste is friendly to enviroment and it has more nutreints.been may hobby it wasn't a problem and also their is less competion .the cost that i incure is what i spend in chicken food and medicines,the revenue is what is sell ranging from meat eggs and chick waste.the profit iget i use to improve the business
Loan Proposal
i intends to increase the number of ducks to twenty in numbers .To increase additional income from the chicken.i am planning to use 40 dollars.
i have a strategy to acquire medical tools such as syringes then add the antibiotic to fight common chicks illness to avoid death or pre-mature mortality of the chicks .
i have some little saving around 100 dollars which i will add the loan to meet the costs occurred,pay the overhead costs such as lighting and water bills.
i am collecting 100 eggs per day and i sell each at 0.1 dollar each thus i makes 10 dollars revenue from the hen. the ducks eggs are much expensive costing 0.15 dollars thus i will increase the revenue by 50% margin increase.
with this i will be able to increase and build more infrastructure to expand my business to create more employment, as i intend to employ three more employees to take care of my business by doing the accounting,record keeping,complying with the local government and local agencies rules
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Loan Info
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Apr 7, 2016
Repayment status
On Time
Projected term
2 months
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