83 installments • 14%
My name is Mary Kihara .I am a married lady and a former Secretary of Maombi Girls secondary school where I retired to concentrate on my business. I live at Bahati near Nakuru town
I deal with Chickens (Broilers). I brood groups of 200 birds at a time. Each Chick costs Ksh 64.50 totaling to Ksh 12,900 per group of 200 birds. I brood them using charcoal and use a Kerosene lamp for lighting their house. Each sack of charcoal costs Ksh 800. I spend Ksh 1600 for the two bags of charcoal that I require per group. The kerosene cost Ksh 65 per litre and so I require Ksh 650 for the ten litres required. For them to be healthy, I have to give them Vaccine against diseases every week up to the fourth week. Costing Ksh 1200. They need to be fed well to gain the required weight at the right time of six weeks. I use Ksh 42,000 to feed them and other expenses such as to by the dressings to keep their house dry and comfortable. I sell them at Ksh 350.00 per chick making a profit of about Ksh10, 000.
I would like to expand my business so that it can be able to cater for our family needs and create employment for my many siblings who depend on me and also my old parents are peasant farmers.
i do chiken business that is chicken for meat,currently iam keeping 200-400 which ihave to waite for them to muture completly before bring in some more that means i have to waite long to get my profit.if i get the loan i will be able to bring some more batches in between which will enable me earn profit quickly this will enable me to pay loan comfortably and also create some employement.i hope i would receive the loan during this festive season so that i can take the advantage of selling the chickens because people consume alot of chickens during the public holidays.this will earn me some profit.
Nov 18, 2010
Cost to entrepreneur
Lender interest: $778.95 at 2.83% annual rate over 12 months = $22.04
Service fee: $25.55