Kindly assist me buy an egg incubator

Francis Agoro

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Francis Agoro

Member since

December 2014

On-time repayments

67 installments  •  64%

About Me

I am a dad living with my family. I come from western Kenya and have a passion for commercial chicken rearing. I would like to partner with Zidisha to grow a business empire and improve my livelihood and that of my family. It is quite challenging here in Kenya to secure a good livelihood. The cost of living has increased while employers are not increasing their pay hence the need to think outside the box.
I want to secure a good education for my children and can not do that with my current income.
I gained interest in chicken from an early age and enjoy rearing them alot.
I intend to move to the next level apart from just rearing I want to start a hatchery.

My Business

Currently I have over fifty chicken but aim to have two hundred by the end of the year. Chicken meat is highly nutritious and their eggs sales assist in buying them some commercial feeds apart from the left overs i feed them with.
Chicken is a delicacy in my area so on high demand
The profits will be used for re investment and ultimately will expand to goat rearing.
I will repay the loan from sales of the grown birds which will happen fortnightly as they are of different ages.

Loan Proposal

Given the loan, I will sum it up with my savings and chicken sales to acquire an incubator worth 196 dollars which hatches 48 eggs.
Once I have the incubator in place it will mean that I can increase my income in the next one month after acquiring it.
I expect to be making over one hundred dollars extra every month after the business stabilizes.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$105.13

Date disbursed

May 6, 2015

Repayment status

On Time

Projected term

11 months

Cost to entrepreneur

Service fee: $3.93

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E

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Marin county, United States

mepster

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I

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