Increase of chicken stock

Kelvin

Kasarani Santon, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Kelvin

Member since

August 2014

On-time repayments

200 installments • 20%

About Me

I am Kenyan who is 35 years old, i went through primary and secondary educations between 1986 and 1997, thereafter i went to college where i pursued a diploma in computer engineering, after that i got employed in a Vegetable, Fruit and Flower exporting company. I am also a farmer, where i keep Broiler chicken for commercial purposes. This business has assisted me in my own life and also in payment of school fees for siblings and some relatives. It has also created employment for some of my relatives.

My Business

I am currently in poultry farming business whereby i keep broiler chicken for meat purposes. This business entails buying of a day old broiler chicks, rearing them for between 5 and 6 weeks and thereafter selling them for around 4 dollars each. I usually buy an average of
300 chicks for around 194 dollars. The cost of food and medication is around 570 dollars and after around 5 to 6 weeks i am able to make a sale of around 1200 dollars, which translate to a profit of around 400 dollars. My costumers range from hotels, butcheries and individuals. The major challenge in this business is poultry diseases but this can be avoided by proper medication. I plan to use the money i will borrow to build a bigger poultry house and a food store so that i can be able to bring a bigger poultry stock

Loan Proposal

I begin by thanking all lenders who were very helpful by giving me money in my first loan application. Thank you for believing in me. I would like to make another application for around 97 dollars, i plan to use this money to increase my current stock of broiler chicken from the current 300 to about 350. I have managed to build a bigger store for the food for the chicken and i have also slightly increased the size of my poultry house. now i believe i am in a position to increase the stock of chicken. This increment of stock will in turn boost my profits and improve my life and the life of other people that depend on the business. I once again thank all my lenders in advance.