Iron sheets to expand poultry house

Philip

Migosi, Kenya

100% repaid

Entrepreneur

Name

Philip

Member since

March 2016

On-time repayments

42 installments  •  76%

About Me

I am an agrbusiness management graduate from Egerton University ,and went to Musingu high school for high education and Mukumu primary school for primary education. I am born number 2 among 7 siblings.
My biggest challenge was getting a job after graduating and I had to tarmac for a year, I was not lucky enough however and that is why I started my own poultry farming so as to get some money for basics but it turned out to a well paying venture.
I have three children,Elizabeth,mark and Philip Junior. They all want to be farmers like me and I encourage them to work harder in school.
I love social work and spend free time with my youth group,visiting the sick, cleaning hospitals and streets as well as visiting the orphans.

My Business

I am an upcoming poultry farmers and I keep indigenous poultry in my farm ,I keep these type of poultry because of quality meet and high demand since they are more delicious.
Poultry provide white meet and since most people are avoiding red meat poultry is the best alternative.
I choose these kind of business due to quick return on investments and good profit margins.
My typical costs per month is $300 and my monthly typical revenues is$500 on average.
Due to profitability and high demand,I have focused on business expansion and use 60% of my revenues on business expansion.

Loan Proposal

Given the loan I would use the money to buy iron sheets to expand my poultry house to host at least 1000 birds . I have some money in savings for timber and labour and would spend the loan on Iron sheets. these expansion will help me keep more birds ,increase production and also profitability in long run.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Aug 31, 2016

Repayment status

On Time

Projected term

36 months

Lenders

dlpringle

Denver, United States

Paul Buchheit

Mountain View, United States

RW

Ron Wilde

Alaska, United States

PG

Paul Graham

United States

DM

Dimitri Malarme

Brussels, Belgium, Belgium

BS

Brandon S

United States

KK

karl kerksiek

United States

J

James

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

DW

Dan Winetsky

United States

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