Jane Kagachu

Bahati, Kenya

50% repaid

Entrepreneur

Name

Jane Kagachu

Location

Bahati, Kenya

On-time repayments

36 monthly installments  •  56%

About Me

Am a member of P.C.E.A Church, married with three children two school undergoing one in class 2 the other nursery the older one is in college. I trade in poultry keeping(broilers) with currently 200 birds planning to increase the number if found favor at your firm. The business does help me to assist my husband with home chores

My Business

The business has now run for almost 10 years and am used to the challenges and which has seen me now able to to face any challenge/need that may arise regarding the business. The cost of one chick goes for 75 currently, a bag of one bag of broiler starter costs 3000 a bag of 50kgs while in consumption 200 chicks feeds on 3 bags of 50 kgs attracting a cost 9000 on a week. Medical attention of 500 on a week, warmth of a charcoal which i buy at a cost of 3000 as it is used only during when they are young 3 weeks of age .
the transportation costs 500,labor an employee of 150 a day, broiler finisher feeds on 2 bags a day meeting a cost of 6000.On the sixth week when they are ready for market the 200 broilers birds attracts a total of 62300.on chicks 15000-200 birds, medical for 1500-3 weeks, charcoal 3000-3 weeks,labor-6300-6 weeks, broiler starter-9000-3weeks,broiler finisher 27000-3weeks,transport 500 while bringing .on buying they comes for them. Am intending to increase the number as many hotels are coming up in our Nakuru town.

Loan Proposal

I am glad for the past loan which has enabled me to increase the number of birds and doing well in this competitive industry. with this new request of 113000 i am planning to invest 80000 in birds 30000 in feeds while the rest 3000 i will use in medication in combination with the earnings am currently earning to the layers already laying.The market is doing well to those who are still in this business as quite a number of them have pulled out due to increase of the layers mash and the feeds of the young ones.Am positive with your support i will manage to be in this business competing with others to see the intention i had first met.
Thanks so much for your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,345.25

Date disbursed

Nov 24, 2013

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Lender interest: $1,345.25 at 8.72% annual rate over 24 months = $235.59

Service fee: $1,345.25 at 5% annual rate over 24 months = $135.10

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