Improve stock level, expand poultry house and add layers

Jane

Rabai-mombasa City, Kenya

48% repaid

Entrepreneur

Name

Jane

Member since

December 2014

On-time repayments

31 installments  •  39%

About Me

I am born in the family of five children where am the second born in the family. The first born is a boy and I a girl. As in the African culture girls are not given equal treatment to boys, so I had to some difficulties as a girl child of which during my schooling every time after school I had to my mother in her household chores as the culture dictated. The boys had all opportunities to plan and concentrate on studies.
In such conditions I did not perform well to join high school. Therefore opted to join to start a small business of green grocery so that to earn myself a living. The land where I am living is flat with some seasonal rivers, there are a lot of coconut trees and many people use it as a source of income. They sell the tree for coconuts, timber, makuti for thatching, etc.
I have one child and she really admire to be a business woman like her mother once she grow up. My unique hobby when passing time that is that I have to travel to several places to know more about business for I am so much interested in it.

My Business

In my business I am dealing with household supplies.
The goods I provide are house hold like fruits & vegetables (kitchen stuffs). The goods are in demand because each and every person must eat and where I live there many people living around and the people who are in this business are not many.
The reason why I choose this business is because I am near to the main market where the supply of this goods are plenty.
The typical cost of this business for one is paying the municipal council just only twenty shillings per day and so I see the returns are good. The profit I get from this small business I use it in school fees for my kid, buy food, clothing and the rest put it back into business to increase my stock.

Loan Proposal

With the loan I am applying for I am intending to improve my stock of cabbage, onions, tomatoes, sukuma wiki(kales) bananas and I will put the other amount into my newly started project of poultry. Up to now i have some local breed chicken and i want to add some layers because I want to start supplying eggs to my market because I have noticed that supply is low and demand is good. I introduced a project of rearing a local breed poultry when I noted I have space and my profit increase favored me and since hens are good in the family, you can use them as food and sell them to get money when the stock is plenty. So far I have constructed a small house for the chicken and I am intending expand it as soon I brought in layers. I will use 50% of the loan to expand the poultry project and furnish the house, 40% to add to the vegetable business and the remaining for domestic basic use in the home.
Thanks zidisha, I know that i owe you respect and honor.
may God bless

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Apr 4, 2015

Repayment status

Late

Projected term

4 months

Other loans

Lenders

Franmiguel

Perth, Australia

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