Name
Collins
Member since
January 2015
On-time repayments
73 installments • 15%
Iam a married man 35 years old,the soul bread winner of my family .I began a course in electronics and left half way because of lack of school fees .And because of that I decided to venture into business of selling clothes which did not go well with me because of challenges the expenses were higher than the profit so the business did not go well .I have lived in Eldoret town for almost 25 years although I come from Nyanza parts of Kenya my home town is called Siaya.
I have been raring chicken for the past 6 moths the my wife in the poultry farm. We supply live chicken to the neighbors and also eggs .Due to consistency since we started we have a stable customer base. The business is profitable because there is high demand for white meat and especially the local chicken which is what we are keeping and also the eggs which are preferred by most people. The main challenges are diseases and feed which are very expensive especially when the birds are few in number.
My typical monthly cost of running the business is US$ 200while gross profit or income before these expenses is usually approximately US$330.
I believe that the funding will come because if I get it now I will be able to buy many birds in readiness for the market.
The following is how I normally use profits from the business :-
10% I give tithe to the church
70% Up keep i.e food and rent
5% Savings
15% I support my in laws
I thank lenders for giving me these opportunity to get credit from you .I funded I will use the fund as follows 60 Us dollars I will buy additional stock on indigenous chicken while 40 Us Dollar for feeds.I look forward to your support God bless you.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 21, 2015
Repayment status
Late
Projected term
17 months
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