Loan to buy poultry feeds, chicks & medicines
Peter
O. Rongai, Kenya
2% repaid
Entrepreneur
Name
Peter
Member since
April 2016
On-time repayments
42 installments • 71%
About Me
Thanks.
I am a young, energetic middle man in a serious self employed business. Throughout my young age, having been born and brought up, i was taken to school just like any other child. Having lived in a rural set up lifestyle. I am well conversant with all the challenges one faces in life. As a first born and the only child of my parents, I was taken to school where I went through primary and secondary school and later joined a university. I graduated with a degree in business management. Effort of seeking for a job in any organization was with little effort. I stayed home while helping my parents with domestic activities. My mother has been a civil servant staff though she has been very helpful to me. I started keeping a few chickens in our compound and this kept me busy. While doing the chicken activities, it dawned on me that it is indeed a full business I can engage myself in. A business that started as a killing time activities started generating money when I started selling chickens and eggs to the neighbors.My mother supported me to buy more chicks and there I am, it is a business that pays for my bills and meet all my expenses. Thank to my mother who supported me that time. This is how I came to start my own business and overcame the hardship of being jobless.
The unique thing about the place I live is that community embraces one another through helping the needy and keeping security. I would like my children to be well educated and get skills to be entrepreneurs and business people. My unique hobby is helping the needy and involving in a communal works or activities. I also love watching football.
My Business
Well, my business is poultry farming.I rear chicken for both eggs and meat.These poultry products are all year long on high demand.Besides being food,it is most preferred and used in many food ingredients.Eggs are used in various ingredient.They are used to cook cake,cookies and many other recipes.I choose this business because i am well conversant and know much about it.Am loving it as a business for the high profit i get.My main typical cost are cost of food this ranges from (Broiler, Starter & Finisher),medicines,full time electricity,labour & supplements.Usually,my profit goes towards reinvesting in my business,the remainder goes towards meeting me expenses and helping my mother.
I also do cages improvements and maintenance.
Thank you.
Loan Proposal
Well, once I get my next loan i will continue to buy various key product that account for the highest expense which is food that is commonly the most typical cost that is incurred every time and with a high demand for my poultry business.
I will buy Chick mash that is recommended for (0-8 Days old chicks) at a cost of $85.00
I will also buy Growers mash recommended for (8-18 Days old chicks) at a cost of $70.00
Also I will add Layers mash with calcium and phosphorus to promote good egg shell health at a cost of $55.00
I will also buy Medicines at a cost of $65.00.
On the other side, I would like to add some more chicks at a cost of $80.00.This will also call for expansion of my poultry cages at a cost of $15.00
All these items will again add a great value to my business thus supporting my whole expenses for a long period of three to four months.
I will again be able to repay your loan on time without delay and concentrated with a search for better market while having enough poultry food to sustain me while feeding my chickens.
I will able to secure a good market with humble time. I am projecting my next income or profit to be USD800.00 from the past USD500.00 per Month. I will give back to the society through donation for children homes and the old in the society through our church donations. My family will be able to have good health with basic needs, my children will be in school throughout and I will continue paying my bills as well as helping my parents back home with food and other needs.
This will be good news and great achievement in my business.
I will be Thankful to you Zidisha lenders
Thanks
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Loan Info
Project Type
Classic Loan
Disbursed amount
$375.00
Date disbursed
Nov 11, 2016
Repayment status
Late
Projected term
61 months
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