Raising rabbits and layer chickens

James

Thika, Kenya

100% repaid

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How it Works

Entrepreneur

Name

James

Member since

August 2013

On-time repayments

76 installments • 75%

About Me

I am a 26 year old Kenyan Citizen from Thika, Central Province. I am the first born in a family of three. I am a trained Chemical analyst with a diploma in Analytical Chemistry from Thika Technical Training Institute.
I rear rabbits. I choose to start the business after clearing my high school education in 2007. This was after acquiring the skills from our Agriculture club in school. (Chania High School).
I purchase rabbit feed and hay with my monthly earnings from the lucrative business in Kenya.
A kilogram of rabbit meat costs a minimum of Ksh. 500.
This is a very booming business in Kenya and I hope majority of the youth would engage in it for us to be able to satisfy the very demanding market.

My Business

My business is based on rabbits for meat. I keep rabbits at our home on a rabbit house. I currently have 10 adult rabbits. 3 male and 7 female. I have just sold the small rabbits each at a cost of Ksh. 1000 as they are high breed.
There is demand for white meat especially rabbit meat in Kenya because of its nutritional value. In Thika alone, there are not much people keeping or rearing rabbits. This makes us, that is me and other few people have pressure to satisfy the growing and demanding market.
The risks involved include diseases and fluctuating weather which affects the rabbits.
Apart from the rabbit business, I will use my monthly salary also to cater for the loan. I work at Kenyatta University - Kitui Campus hence repaying the loan will be at ease with me.

Loan Proposal

Thanks lenders for this another golden opportunity you have given to post another loan. In this loan i will use 70% to buy new grade rabbits from kakuzi limited. And i also want to be rearing layers chicken so that i can be selling this eggs to a nearby bakery shop which was opened by my aunt and also other shops. 30% of the loan i will use it meet other expenses and also pay services for vet. Am 100% sure that i will be in good position to repay in time as i have obtainned a permanent job. Thanks alot as you fund my project.