Increase my chicken stock

Entrepreneur

About Me

Thank you for the opportunity again.
I come from a family of 4 and i am the first born. Being a first born in a family some times is a challenge since you are the pace setter to your siblings. I completed my secondary school education in the year 2007 but unfortunately i did not proceed to further my education. I got employed in a company where i worked as a casual worker for 3 years. I managed to raise small capital which i used to venture into a poultry business. My country is an agricultural country were agriculture is the main source of income to many citizens. I am a father of a baby boy who is turning one year old. i would like my child never to lack anything in life and give him the best education which i was not able to get

My Business

My business is a poultry in nature. I buy and sell chickens to hoteliers in Nairobi. I also sell to people for domestic consumption. I realized that this was untapped opportunity in my area since suppliers were very few. Also farmers used to struggle when it came to selling of their mature chickens.
I became a bridge between the farmers and the consumers since most farmers are from the rural area and were unable to access the market in the city.
Averagely i buy and sell 50 chicks in a week. This usually cost me averagely 30000. The revenues are between 40000-45000. I was the profits realized to increase my stock. Sometimes i keep my stock therefore i am supposed to buy some feeds as i wait for the market.I also use this profits to pay for my bills and take care of my family needs. i will use the profits to expand my business to a higher level

Loan Proposal

I will buy more chickens. This amount will enable me purchase extra 10 chicks which costs average kes 4. This will increase my profits since my average profit per chick sold is 2 dollars. Farmers in the rural area will benefit since i will purchase more of their stock.
my profit will increase by at least 20%.

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