Loan to increase stock of chickens for sale

Tobias

Kong'eche, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Tobias

Member since

February 2015

On-time repayments

87 installments • 39%

About Me

I was born and raised up in a very poor and rural village of Kadem in Western part of Kenya. I was the 5th born in a family of three boys and two girls.

I did my primary and secondary education ad passed well in final exams. I was employed as a Civil Servant in the Ministry of Health and got retrenched in October, 2000 after serving in the Government for 12 years. I was not given any send-off package! The life thereafter become unbearable and I later lost my wife through death! I am now a widower surviving with 5 children in which 3 are in secondary school.

My Business

Chicken is a commodity with high demand in Mbita community. Since the year 2011, I have been involved in selling of chicken to get income to meet family financial obligations. The business has been doing well though I cannot expand to reach break even pint due to lack of capital to enable me keep a stock of birds ( chicken) for re-selling after preparation.

Mbita area is a fishing community and in seasons of January - April there's very good fish catch, and in this times of the year, fishermen do like to eat chicken instead of fish. It's upon this reason that I am looking for loan to expand the business and get a good profit to help me meet my family needs i.e education for my children. In normal circumstances, I do buy chicken worth Ksh 3,000 and re-sell at a cost of Ksh 3,500 therefore making a profit of Ksh 500 per day during the good fish catch seasons. If I get a loan of Ksh 21,000, I will buy 30 chickens, I will be able to make a profit of about Ksh 1,500 per day, this will boost my income and help meet the business operational costs and repay the loan on time.

Loan Proposal

I need a loan of KES 21,068 to buy 30 chickens and 1 bag of chicken feed. With the 30 chickens I will be able to sell and get a profit of KES 1,500 per day. The increased income will be used to meet my family food needs, repay the loan and expand the business.

I want to sincerely thank ZIDISHA lenders for having trusted me and borrowed me KES 8,134 that I used to buy chickens and the profit I used to repay the loan on time. Thanks alot for your support. I look forward to working with you again in this 2nd loan.