Entrepreneur
Name
Francis
Member since
February 2016
On-time repayments
41 installments • 71%
About Me
I am the 1st born among 5 children .I went to Sega primary school and then Ukwala secondary school where I sat for my KCSE and obtained a B+ ,I then joined university to and took Bsc Agribusiness management.
The hardship that made me start the business was lack of fees,that made me defer my studies at the collage ,I borrowed $300 from a friend that I used to set up my poultry house and buy 100 chicks. The birds are now 400 and I am looking forward to expand the farm to host 100 birds.
I am a good dance and spend free time with my dance group crew dancing. We sometimes dance in weddings and competitions .
My Business
I am a poultry farmer and I keep layers for eggs which I sell to my college mates.The demand is high for eggs since its a popular meal among students as it is easy to prepare and its a cheap source of proteins.
I choose to keep layers because the demand for eggs is very high and the prices are good hence good returns for investment.
my typical cost per month is $250 for feeds ,electricity ,water and labor,my total revenues per month are $500 per month.
I use the money to pay for my university tuition and save for farm expansion.
Loan Proposal
I successfully expanded my poultry house and I wish to request for my fourth loan to help me increase the number of birds by 300 .I would buy a day old chick at $1 each . I expect to sale the birds at 3 months to hotels at $8 . kindly help me achieve my dream of being a reliable and best supplier of chicken in my county.cheers and blessed weekend
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Loan Info
Project Type
Classic Loan
Disbursed amount
$384.00
Date disbursed
Sep 18, 2016
Repayment status
Late
Projected term
61 months
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