Joseph's chicken project

Joseph Alum

Busia, Kenya

100% repaid

Entrepreneur

Name

Joseph Alum

Member since

August 2014

On-time repayments

120 installments  •  46%

About Me

I am a twentynine year old Kenyan man married with one child and currently a resident of Busia county. I sat for my Kenya Certificate of Secondary school Education (K.C.S.E) examinations in the year 2001(two thousand and one) and attained a mean grade of B-(minus) in Hono secondary school in Siaya county.

Having no fee to continue with my education I moved to Nairobi where I did odd jobs, saved some money and managed to pay for my CPA fees and attained CPA part 1 certificate. Armed with this certificate I managed to get employed as an accounting officer with duties involving posting debit and credit entries, preparing statements and reports. I have also worked in different business set-ups like industrial production, retail business and service industry which enabled me to gain experience in various fields.

My Business

My last job in Nairobi was as an accounting officer for an insurance company before I relocated to Busia to set up my own business as a dealer in children and women foot wear, which I have set up with my savings from the salary earned at the insurance company. My business has no fixed abode as I move from market to market on every market day selling my wares.

I took the decision to venture into business in Busia because of two major reasons, the first one being that my father had passed away leaving my mother alone after at our rural home and being their own male child I had to move closer to home to settle some land issues that had cropped up and the second being that Busia is a neighbouring county to Siaya that thrives on trade (as opposed to Nairobi which is far away and costly to move to and from Siaya).

I move to four markets a week and so far my rate of stock turnover is impressive, I therefore need to get some loan to increase my stock.

Loan Proposal

I will increase my stock by buying more chicks which are one-day old for a start with some of the money.
These chicks when fully grown will provide a steady supply of eggs from the farm to the local market. A percentage of the money will cater for vaccination and treatment whenever required and therefore a reserve will be necessary.
Some funds will be used to buy growers mash for the growing chicks and once they mature up we will begin to feed them with layers mash for maximum returns. Basically, feeds will constitute the largest proportion of my farm budget.
Some money will be allocated for providing lighting in the structure where the chicks are housed since they will need light throughout.
To add on top of the little amount I have as reserves and savings, a loan of KShs. 17,572.00 from you will be of great help.
Thank you in anticipation.

Show original English  

About Me

I am a thirty one (31) year old Kenyan man married with one (1) child am currently a resident of Busia county. I sat for my Kenya Certificate of Secondary school Education (K.C.S.E) examinations in the year 2001(two thousand and one) and attained a mean grade of B-(minus) in Hono secondary school in siaya county. Having no fee to further my education I moved to Nairobi where I did odd jobs saved some money and managed to pay for my CPA fees with this savings. I have thus attained CPA part 1 certificate Armed with this certificate I managed to get employment as an accounting officer with my duties involving posting debit and credit entries, preparing statements and reports.I have also worked in different business set-ups like industrial production, retail business and service industy hence I have gained experience in the various fields.

My Business

My last job in Nairobi was as an accounting officer in an insurance company before I relocated to Busia to set up my own business as a dealer in children and women foot wear this I have done with my savings from the salary I earned in the insurance industry . This business has no fixed abode as I move from market to market on every market day selling my wares , I took the decision to venture in to business in Busia because of two(2) major reasons one being that my father had passed away leaving my mother at our rural home alone being their own male child I had to move closer to home to settle some land issues that had cropped up and Busia being a neighbouring county to siaya (as opposed to Nairobi which is far away and costly to move to and fro siaya) that thrives on trade. In a week I move to four markets and so far my rate of stock turn-over is impressive I therefore need to get some loan to increase my stock.

Loan Proposal

I will increase my stock by buying more chicks which are one-day old for a start with some of the money.
These chicks when fully grown will provide a steady supply of eggs from the farm to the local market. A percentage of the money will cater for vaccination and treatment whenever required and therefore a reserve will be necessary.
Some funds will be used to buy growers mash for the growing chicks and once they mature up we will begin to feed them with layers mash for maximum returns. Basically, feeds will constitute the largest proportion of my farm budget.
Some money will be allocated for providing lighting in the structure where the chicks are housed since they will need light throughout.
To add on top of the little amount I have as reserves and savings, a loan of KShs. 17,572.00 from you will be of great help.
Thank you in anticipation.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$173.16

Date disbursed

Dec 9, 2017

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $7.29

Lenders

Brian

Midhurst, Canada

JA

Jared Anthony

CT, United States

Jeremy

Washington State, United States, United States

Elise E

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

A

Anonymous

United States

JB

Jane Bean

United States

AB

Ashira Blazer

United States

JT

Joanne Thompson

United Kingdom

G

Gemma

Australia

Peter Morse

Amesbury, MA, United States

Remo

Switzerland

SC

Samuel Clemente

Brooklyn, United States

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