Increase stock of rabbits and construct modern rabbit hutch

Samson

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Samson

Member since

April 2014

On-time repayments

222 installments • 9%

About Me

I started a business in 2011.With the earnings i get from my business i try to improve my living standards by buying household items as am almost starting to settle.I support my family members to some extent .I also use the earnings to increase stock of my business. Hobbies: I play soccer,interacting with electrical systems ,rabbit farming,watching engineering documentaries .

My Business

I rear about 20 New Zealand white rabbits as clearly shown in my profile picture. I would want to increase the stock since the number of entrepreneurs wishing to venture into the business keep rising by the day.I also want to construct a modern rabbit hutch as this will reduce the risk of infections to the rabbits.At the moment i ave not been able to seek medical attention for the rabbits so this loan can help me source for a vet. to attend to them. The prices i offer are fair compared to my competitors.The business is profitable for these reasons.Overall operational cost is quite low.This is mainly because of the cheap cost of food. Rabbits only feed on greens of which are readily available at an affordable price.I run this business by buying rabbits rearing them for some time then selling them. Risk of losing customers in case they don't establish their loyalty in time.
Total Monthly cost =$180 Sales Revenue =$300 Profits =$120
If i don't use the loan to invest in the business, i will use earning from the business to repay the loan.

Loan Proposal

I want to increase the number of rabbits .At the moment i have twenty five of them and i would want to add another ten.This will require around $50.This will help in improve the confidence of my customers and hence their loyalty towards my business since the products will be available.
I want to construct a modern rabbit hutch .The structure am keeping them is so outdated and very difficult to clean.This can easily lead to infections since the waste food and excreta accumulates inside.Luckily this has not happened.This may require around $45.
Finally i want to use the loan to seek for medical attendance .I want to look for a vet. to come and inspect the rabbits .Just in case they need any medication i would use the loan to facilitate the same.Roughly this will require around @10.