Entrepreneur
Name
Maina
Member since
October 2013
On-time repayments
121 installments • 31%
About Me
I am a 27 year old humble and hardworking man, born and raised in Githurai area of Nairobi Kenya.I came from a very humble background of 5 where i am the second born.I hold a B.Sc in Information Technology from Kimathi university in Nyeri.
I was brought up in a family where none of the parents had formal jobs which forced me to learn how to survive the hard way.I help my fathers friend in his welding business to raise my school fees from primary school and saved up the same for secondary school, due to good performance in secondary school i got a place in the Joint Admission Board where i received part sponsorship from the government of Kenya for my university where i graduated in May 2014 after which i started farming chicken and farm produce (tomatoes and onions).
My chicken business attracted many clients until now i am unable to meet the demand, which calls for me to put in some more capital to buy an incubator.My clients time and again ask for supply of day old chicks which i can only fulfill with an incubator.
I like socializing and networking while playing basketball and on social media.
In business i do not leave anything to chance and i keep strict records and i always take care of money because i believe in the saying that " take care of money and money will take care of you".
My Business
I have a small poultry farm where i keep local chicken for meat and eggs.I also venture into farming for onions and tomatoes on leased land.The poultry market in Kenya is very big and the demand is always high although it comes with vigorous marketing, at the same time eggs are always scares and day old chicks have even a higher demand.
The farm produce ie onions and tomatoes are always in demand mostly when grown off season which i do but due to a capital limit some times it is not so promising.I have established that with a green house i can do off season production.
For the poultry farm the costs are purchasing the chicks, the feed, medication,labor and the incubator for hatching and selling day old chicks , cost which i did with my previous loan.The revenue is sale of the mature chickens, day old chicks and the eggs.
For the farm produce the costs are rent for the land, seeds, water bills,herbicide, and labor costs and construction of the green house.
I use my profits to reinvest for business growth for upkeep and to further my education.
Loan Proposal
The loan will help me improve on my chicken rearing project in the following ways; I will be able to increase the number of chicks that I am now rearing from 200 to 230 chicks each chick going for 1$, then I will also be able to buy more medicine which will cost at about 10$ and chick mash for the first month which is about 34$.
Despite there being a deficit of 60$ for improved feeds which are required for the chicks to be mature for sale which I will supplement from the other incomes I get from the other produce, the loan will be able to help me boost my business and I will be able to see the following returns; Improved chicken quality and more chicks reaching to maturity thus increasing the returns. The returns will help me eventually expand my business and be able to rare more chicken as I am intending to put up an incubator so I can be able to hatch my own chicks and cut the cost of buying the chicks by half. I will also be able to employ a worker who will be assisting with the chicken feeding and cleaning of the pens .
I request to be supported because I cannot afford to single-handedly handle all the of the financial requirements of the project due to increased cost of farm inputs like the feeds and also paying of my workers which is attributed to the high cost of living in my country.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 23, 2014
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Nashville, United States
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