Name
James
Member since
August 2013
On-time repayments
76 installments • 75%
I am a 26 year old Kenyan Citizen from Thika, Central Province. I am the first born in a family of three. I am a trained Chemical analyst with a diploma in Analytical Chemistry from Thika Technical Training Institute.
I rear rabbits. I choose to start the business after clearing my high school education in 2007. This was after acquiring the skills from our Agriculture club in school. (Chania High School).
I purchase rabbit feed and hay with my monthly earnings from the lucrative business in Kenya.
A kilogram of rabbit meat costs a minimum of Ksh. 500.
This is a very booming business in Kenya and I hope majority of the youth would engage in it for us to be able to satisfy the very demanding market.
My business is based on rabbits for meat. I keep rabbits at our home on a rabbit house. I currently have 10 adult rabbits. 3 male and 7 female. I have just sold the small rabbits each at a cost of Ksh. 1000 as they are high breed.
There is demand for white meat especially rabbit meat in Kenya because of its nutritional value. In Thika alone, there are not much people keeping or rearing rabbits. This makes us, that is me and other few people have pressure to satisfy the growing and demanding market.
The risks involved include diseases and fluctuating weather which affects the rabbits.
Apart from the rabbit business, I will use my monthly salary also to cater for the loan. I work at Kenyatta University - Kitui Campus hence repaying the loan will be at ease with me.
I will use my loan to purchase rabbit feed. This is a budget of Ksh. 3000. The remaining Ksh. 4500, I will use it to purchase a wire mesh to be able to repair the rabbit house which needs some maintenance prior more small rabbits are born.
I will also use Ksh. 500 to register for the young rabbits farmers association, a group formed by rabbit farmers in Thika.
Please fund my initiative.
Thank you.
Positive
5
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 12, 2013
Repayment status
On Time
Projected term
10 months
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