Entrepreneur
Name
Stephen
Member since
February 2014
On-time repayments
14 installments • 7%
About Me
I am single business minded young person of 37 years old.I have basically grown in Mombasa my whole life though i ave traveled different places in East Africa and the Middle East .Having worked in Qatar recently i decided to invest on the income i had made for the period 2011-2013 to good use.I started A fish farming project with young enthusiastic men and women.We have spent over 80,000ksh approximately 1000 dollars on the project and we are at the final stages.
Spiritually I was raised a Christian but I have also taught myself yo look beyond the perspective of understanding and pursue wisdom but above all peace and enlightement. I have a deep respect towards OTHER spirituality and enlightenment SOCIETIES.
My Business
I am involved in Quail business farming.I basicaly market eggs in Bamburi and through the internet channels.I joined Quail Farmers Association where farmers help each other in marketing,production and supply of the eggs.Currently we are busy promoting the same on radios and selling points and i am a representative of Bamburi farmers at the selling point.Sales have been great during november and december 2013 nad now picking up getting an income of at least 3000 to 6000ksh per week from the daily 35 eggs .Furthermore am involved in Fish Farming project at Majaoni Utange where as a youth group hope to kick start the project by next month.We have been making contributions and managed to get land on lease and bought Liner for the pond.We are at final stages of filling the pond with water and ordering fingerlings.
I also do editing and video graphics of events and occasions which i charge at 4000ksh per dvd produced
Loan Proposal
--Marketing
I have resolved to increase my sales my establishing more sales point as the one have gives me an average of 500ksh per day apart from the cost and expenses.
---Advertising
Get the word out in posters, magazines and local newspapers to increase my market
----Increasing Number of Poultry
Its my aim to supply to a wider range of consumers of both eggs and meat from the poultry.Its expedient to get more one day old chicks which go for 250ksh per chick.I already have 80 quails and get an an average of 35 eggs per day,by incubating 100 more will cost me 5000ksh for incubation per egg is 50ksh.
--Food shortage
In Kenya this year has been predicted by many organisations as a low yield in food produce.Its my aim to help in provision of basic commodity to better my community.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$141.00
Date disbursed
Mar 12, 2014
Repayment status
Late
Projected term
3 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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