Philiph

Brook Village, Kenya

100% repaid

Entrepreneur

Name

Philiph

Member since

November 2013

On-time repayments

372 installments  •  74%

About Me

I am a 4th year student at kisii university college. I joined campus in the year 2011 after completing my kcse certificate in Kabianga Boys High school where i scored a mean grade of B+. My family members live in Brook village in kericho county where tea is grown as a main cash crop. My parents are peasant farmers and they grow tea and other farming crops to sustain living. I am the second born son of the six family members. My elder sister is a law graduate from Moi University and know she is seeking for a job. As a student i am an entrepreneur too operating poultry project. I started this project three months ago and it has been growing and expanding. I tape this project when i realized there was high demand of eggs and chickens in our local area and nobody was there to supply the same. I decided to venture into this project and it has been so profitable

My Business

I am operating poultry farming activity which i started three months ago in a piece of land given by my parents. I got the starting capital from my parents, relatives and friends who generously contributed to my project. I started with a capital of ksh 20000 by buying 40 layers chickens worth ksh15000 and the remaining amount used to construct poultry house. The challenge i am facing is lack of funds to absorb demand pressure from local market and other customers. Every day i am collecting 32-35 eggs and i sell one egg at ksh 15 to my local customers. Every day i make a profit of ksh500 after deducting all other expenses. I am planning to expand and rear to about 1000 hens in the next one year. I am seeking for your financial suppport from willing lenders to see this project reach the next level.Thanks

Loan Proposal

I am so gratefull you have activated my loan profile and have accepted to be part of your membership. I will be using the loan to increase my farming business by buying more hens. I will buy chickens worth ksh 7000 and the rest use to buy feeds. I will be updating you on the progress of the project and i promise to repay back the loan in full and in time without failing. I welcome all the lenders to finance my project and together will achieve our dream.Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 13, 2013

Repayment status

On Time

Projected term

23 months

Lenders

AWOL

USA, United States

Silver

Steiermark, Austria

captainhappy

Gladstone, Australia

Sarasota

Sarasota, Fl, United States

90803

Long Beach, United States

M

MHarrison

Bristol, United Kingdom

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