Increase egg production for market demand

Mdoe

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mdoe

Member since

July 2014

On-time repayments

290 installments  •  44%

About Me

Am a young man aged 31 years old.am a third born of six members of our family.our family is made up of seven menbers,six children and the mother.My father passed away in 2002.
I live in kenya at nakuru town.
I am a teacher by profession working at mission in action school.
i went through my primary school at githima primary in kuresoi.in 2001 i joined rift valley adventist secondary school untill 2004.
I later progressed to kamagambo teachers college in 2007 and graduated in 2009.
Am currently a4th year student at Kentatta university.
i like travelling,listening to music and watching movies.
am soo poor in choosing a meal to cook for dinner.

My Business

POULTRY FARM
I have 630 layers.
I collect a minimum of 18700 eggs per month converting to 623 crates each selling at $3.In total it earns me a total of $1870
The eggs produced are of good quality and therefore prefered by my customers.Apart from this eggs are in high demand in my town of residence.
The project expenses per month is as follows:
Food 2000kg $880
Medication $100
Electricity bill $10
Caretacker $50
Transport $50
Others $50
TOTAL $50
Profit $1190
Challenges.
The breaking of eggs during packing and transportation.
incase of a disease a hen is lost

Apart from the poultry farm i conduct private coaching where i attend to an average of 30 students in a month.Every student pays a fee of $5 monthly adding up to $150.The tution runs from 5.30pm-8.00pm every Monday-Friday.This is after am done with the employed work.

Loan Proposal

When I get the loan I'll buy forty day old chicks at us$1.1 each.within six months I'll have to spend us$1064 monthly for feeds.I will raise this with the profit am making from the layers i already have.

Once they start laying I'll have an additional 40 eggs pert day which will earn me $150 monthly.The total monthly expenses is $100 it of leading to a net profit of $50 monthly.

this and the usual profit from the established layers will contribute to my savings towards the purchase of a dairy cow.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Sep 11, 2014

Repayment status

On Time

Projected term

3 months

Lenders

ShaneHeneghan

Galway, Ireland, Belgium

L

lamar

lamar colorado, United States

D

dk1234

Netherlands

Matthias Schulz

Berlin, Germany, Germany

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Summary

Amount repaid

$52.60

Amount remaining

$0.00

Date repaid

Jan 3, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 20, 2014 $3.29 Sep 20, 2014 $3.29
Sep 27, 2014 $3.29 Sep 27, 2014 $3.29
Oct 4, 2014 $3.29 Oct 4, 2014 $3.29
Oct 11, 2014 $3.29 Oct 11, 2014 $3.29
Oct 18, 2014 $3.29 Oct 18, 2014 $3.29
Oct 25, 2014 $3.29 Oct 25, 2014 $3.29
Nov 1, 2014 $3.29 Nov 2, 2014 $3.29
Nov 8, 2014 $3.29 Nov 8, 2014 $3.29
Nov 15, 2014 $3.29 Nov 15, 2014 $3.29
Nov 22, 2014 $3.29 Nov 22, 2014 $3.29
Nov 29, 2014 $3.29 Nov 29, 2014 $3.25
Dec 6, 2014 $0.03
Dec 6, 2014 $3.29 Dec 6, 2014 $3.25
Dec 13, 2014 $0.03
Dec 13, 2014 $3.29 Dec 13, 2014 $3.25
Dec 20, 2014 $0.03
Dec 20, 2014 $3.29 Dec 20, 2014 $3.25
Dec 27, 2014 $0.03
Dec 27, 2014 $3.29 Dec 27, 2014 $3.24
Jan 3, 2015 $0.05
Jan 3, 2015 $3.29 Jan 3, 2015 $3.24

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