Loan to buy 100 indigenous egg laying hens(poultry)

Peter

Moisbridge, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

March 2015

On-time repayments

266 installments • 20%

About Me

Hello Lender,
It is long-time seek a loan due to business being affected by flood but I thank God am back in my foot and repaid my loan.
Currently I keep poultry and I have a stock of 200 hen donated by self help group. The chickens are laying eggs that has facilitate payment of my loan. I intend to add more because I have master the art of business.

My Business

I rear chicken as agribusiness and I have reared 200 birds. I want to increase my stock to 400 to generate an income of $20 per after deduction of expenses.

Loan Proposal

I sincerely thank you for lending me $50 which help me buy 10 indigenous hens. I am borrowing $135 to top up to my saving so that I will be able me buy 100 indigenous egg laying hens that will give approximately 1000 eggs per months. I will put 264 eggs in my incubator, the remain ones I will sell to my village dwellers at $ 0.30 and some I will set a side for family to feed on as protein (food).
My profit will increase to $400 which will enable me repay the loan on time, reinvest back in business and pay school fees to my kid and young siblings.