Name
Philip
Member since
March 2016
On-time repayments
42 installments • 76%
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.
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.
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.
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 31, 2016
Repayment status
On Time
Projected term
36 months
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