Loan to add stock to my poultry business

Evanson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Evanson

Member since

December 2016

On-time repayments

31 installments  •  97%

About Me

Dear lenders, Evanson Ndayala is my name.I am a kenyan, a native of western province in a village called Lumakanda. I grew up with my both parents until when I was in class 8 of primary level education, about 13 years old when my parents divorced. family wrangles made me drop out of school since my father refused to honour his obligations of taking me to secondary school. I had to help my neighbour with hone chores then he could pay me some coffers which I shared with my mother. out of the experience I gained from our neighbours farm I started my own poultry rearing 10 years ago. As at now I rare one hundred and twenth seven chicken. I have one male and one female children,my children want to be renown business man and doctor respectively.

My Business

I inject into the local market fresh chicken meat and eggs. My meat is in high demand since I live in a society that has many hotels hence I secured a contract for chicken meat supply to a local hotel and primary school. I also supply fresh eggs to a shop neighbouring . I chose this kind of business since I had acquired immense poultry rearing skills from my working with my neighbour. I also have a friend who works as a veterinary officer and he helps me so much with expert advice. mg typical costs is 50 US dollars per week for buying supplements and feeds. This gives me a revenue of about 150 US dollars per month from the sales of meat and eggs and even manure from my poultry house. I use the profits gained in buying feeds and also I save some money to cater for my children's future education.

Loan Proposal

Dear lenders, if I successfully raise this loan I will inject all the moneys raised towards purchase of Chicks from a hatchery which goes at 0.2 US dollars (20 shillings) this will in turn, after a period of about four months, raise me a revenue of about 5 US dollars(500 Kenyan shillings) per chicken. This will go down a long way into helping me raise my stock and even more moneys to save for my family. Dear lenders, help me realise my goals .Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Dec 20, 2016

Repayment status

On Time

Projected term

5 weeks

Lenders

David McLauchlan

Seattle, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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