Name
Richard
Member since
February 2015
On-time repayments
110 installments • 27%
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 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.
The loan will enable me increase the number of chickens to 75 in number at $2 , buy feeds 6 bags of feeds at $ 25 per bag, vaccines and add feeding equipment at $50. the first , second l and third loans have opened way for bright business future which was a challenge to start due to lack of capital. However with Zidisha team help i can now smile for a bright future.
Positive
5
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$373.00
Date disbursed
Jul 25, 2015
Repayment status
On Time
Projected term
3 months
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