Entrepreneur
Name
Richard Mongare
Member since
February 2015
On-time repayments
110 installments • 27%
About Me
Mr. Richard Moseti Mongare is a graduate in Business and Management has expertise and knowledge farming that has helped raise school fees for my studies in campus. During long holidays i could manage the family farm as well teach in the nearby secondary school. Support is required to boost my small-scale project in the fields of agriculture (poultry keeping) on economic development. Currently i have constructed poultry house that can keep 100 chickens. After the construction of the house i got accident that made me spend all savings that i could have used to purchase the chicks.
My Business
My business is to raise Kienyeji chickens that are on high demand in the market. Maturity of the breed i intend raise is four months and would weigh up to two kilograms if well fed. The prevailing market price for one chick is Kes. 100 and a mature chicken goes for between Kes 650 to Kes 700. Hence making the venture more profitable. The profit i will get is to expand the business.
Loan Proposal
I will increase 50 kienyeji poultry chicks at $3, buy vaccines at $100 and feeds for three months at $270.This will enable me prepare for chrismas festivals to meet more demand on chickens when the demand is very high.
Feedback
Positive
5
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$543.00
Date disbursed
Nov 10, 2015
Repayment status
Late
Projected term
19 months
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