Loan to help me buy more hens and an Incubator to hatch eggs
Aloysius
Kiogoro, Kenya
20% repaid
Entrepreneur
Name
Aloysius
Member since
February 2014
On-time repayments
292 installments • 4%
About Me
Am Aloysius Bota ,Live in kisii i come from a family of seven being the 1st born in the family,i work as an high school teacher Had finished my education last year from Egerton University ,i do a small scale business in part time which helps me bring up my family .most of my earnings from my business are for expanding the business and savings.i also pay rent and bills so as to continue with the business without interference from the revenue authority.i also manage to support my family with cash for example paying fees to my siblings thus receiving blessings from God and parents.
My Business
My business is a single business dealing with rearing hens,this is buy selling eggs and also selling chicken meat ,theres high demand in this business because i have ready market especially from neighbouring schools and hotels which need chicken meat.I make a large profit of 20,000 from the chicken thus helping me pay house rent,bringing up my self and family ,power bills and also my transport.The business faces a risk of chicken disease that is if you dont do vaccination in time however the profit is high.I also educate my customers on how to use their new products thus making them aware of what they are buying.by so doing i have so many customers both young and old especially sales persons .my charges are cheap compared to other members cause i understand business language.i would request to get a loan help me boost my business and help me in my contribution toward buying an incubator which will help me add on what i had saved.It will be of my great pleasure to also pay the loan as soon as i receive.Thanks
Loan Proposal
I would like to Thank you for my first loan which helped me to expand my business .It enabled me to buy more chicken and feeds .I was able to buy 100 hens which gives me an income of ksh30,000 per month.This enabled me to repay the loan in time because i incurred no risks in this business .Kindly I request for the second Loan to enable me
-buy an incubator
-expand the chicken rooms @50Usd
-buy feeders @ 25Usd
-watterings @20Usd
-give the chicken annual treatments @ Usd 25 plus the chicken feeds @15Usd
.With your handful help Am sure ill get enough profits from this business which will enable me to repay the loan back in time.
Thanks in advance my sincere lenders.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$453.00
Date disbursed
May 6, 2014
Repayment status
Late
Projected term
68 months
Other loans
Lenders
Haarlemmermeer, Netherlands
Helena, United States
Lahr, Germany
Australia
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