Loan purpose: to purchase rabbit feeds, feeding tins and iron sheets to replace leaking roof for the rabbit house
Kennedy
Nairobi, Maringo Estate, Kenya
100% repaid
Entrepreneur
Name
Kennedy
Member since
October 2013
On-time repayments
113 installments • 7%
About Me
I am a Fifth year electrical engineering student from Technical University of Kenya. I com from a family of five, two boys and three girls. I live in Nairobi's Maringo Estate, which is just off Jogoo Road past Rikana Restaurant.
My house number is Door Number seven (7), Plot number Twenty One (21).
I rear rabbits for a living and also a part time academic writer.
I stated the rabbit rearing as business after having so much love for rabbits as I grew from a family where my parents loved keeping them for food at home. I choose to venture to business in the same direction since I understood well how to keep them.
When I am not taking care of my rabbits and not in school, I do part time academic writing mostly in the field of Engineering, especially Electrical Engineering which I very well understand since I have a background in it. This has proved to be very vital in that I have managed to understand a lot to do with the various disciplines in engineering.
My Business
I will use income from my rabbits business and academic writing to cater for the loan granted by Zidisha.
Rabbit keeping as a business here in Nairobi Kenya is a very lucrative business with a Kilo of rabbit meat going for Ksh. 500 on the lower side. I have a wide customer base and even at times its rather hard to satisfy the demanding market. I ensure that my rabbits are clean and healthy and hardly a day ends before I clean and ensure that they are in good condition. This has enabled me be a force to reckon with in the business as my rabbits always fetch a higher price than those of my competitors.
The business at times faces drawbacks when there are disease outbreaks when least unexpected for instance snuffles, internal and external parasites, overgrown incisors, uterine problems (infections or cancer), and sore hocks. That's why keen care should be given to them.
Typically within a month I make Ksh. 20,000 from the rabbit business and Ksh. 10,000 from academic writing giving a total income of Ksh. 30,000 on average which I use to cater for my expenses at home, school and for my business. This has also enabled me take care of part of my younger siblings education.
Loan Proposal
My second loan usage will be as follows:
$108 which is approximately Ksh. 9000 I will use to purchase rabbit feeds. I added more rabbits, hence I require more feed.
$20 (approx. Ksh1680, I'll use to purchase feeding tins where the rabbits will be eating and drinking water from.
$35 (approx. Ksh. 3000) I will be use to purchase iron sheets to repair the leaking roof.
Help me grow my rabbit business further so as to support my education and family.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$151.00
Date disbursed
Feb 6, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Fort Wayne, United States
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