Loan to increase stocks

Dorcas

Kitengela, Kenya

100% repaid

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Entrepreneur

Name

Dorcas

Member since

December 2014

On-time repayments

146 installments  •  69%

About Me

I am married with four children.

I was born and brought up in Kirinyaga County, while my spouse grew up the neighbouring Embu County.

Two of my children are in secondary school, while the eldest is preparing to join college.

My husband and I have raised and educated them through small businesses.

Currently I am involved in buying and reselling chicken.

My Business

I have for the last seven months been involved in buying and reselling live chicken.

I discovered the opportunity a year ago, after I relocated residence from Wangige, Kiambu County, to my current location on realizing that the same chicken which sell at $ 4 in Wangige, retails at $ 5 in Kitengela, earning me $ 1 per one.

I currently trade in 20 chicken per trip, which leave me approx. $ 15, after factoring in transportation costs.

I wish to double my stocks to take advantage of increased demand, as well as earn a higher profit margin, since transportation cost will remain relatively the same.

Loan Proposal

I have for the last seven months been involved in buying and reselling live chicken.

I discovered the opportunity a year ago, after I relocated residence from Wangige, Kiambu County, to my current location on realizing that the same chicken which sell at $ 4 in Wangige, retails at $ 5 in Kitengela, earning me $ 1 per one.

I currently trade in 20 chicken per trip, which leave me approx. $ 15, after factoring in transportation costs.

I wish to double my stocks to take advantage of increased demand, as well as earn a higher profit margin, since transportation cost will remain relatively the same.

I am therefore requesting for this a loan of approx. $ 100.

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 9, 2014

Repayment status

On Time

Projected term

4 months

Other loans

Apr 2015:  $209

Nov 2015:  $389

Lenders

Franmiguel

Perth, Australia

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  • James    Apr 2, 2018

    Dorcas has promised to get back to paying her loan. I have promised her that I will help her adjust her repayment installments for easy repayment. Thank you.

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  • Dorcas    Jul 18, 2017

    All my chickens died , ihad to start afresh.

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  • Dorcas    Jul 18, 2017

    All my chickens died , ihad to start afresh.

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  • Franmiguel    Dec 5, 2016

    Hi Dorcas,
    Happy Holiday Season to you.
    I am sorry that you have lost your chickens, I hope your business picks up in 2017.
    Regards
    Michael

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  • Dorcas    Nov 9, 2016

    My business went down ,all my chicken died.

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  • Dorcas    Mar 2, 2016

    I got a tight school financial requirement. I will readjust in two weeks time. Thank you.

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  • Dorcas    Feb 23, 2016

    I would like to pay faster to reduce the duration. Thanks you.

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  • Franmiguel    Dec 17, 2015

    Hi Dorcas,
    Happy Holiday Season to you.
    I hope you and your business have a great 2016.
    Regards
    Michael

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    • Dorcas    Dec 18, 2015

      Thanks Michael, happy holiday season to you too and thank you for being there for me and my family.
      Am out for great 2016 in my business.

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  • Dorcas    Dec 15, 2015

    I realize that after festivities , my children will be going back to school. After that I will adjust my repayment amount upwards.Thank you.

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    • Franmiguel    Dec 17, 2015

      Hi Dorcas,
      Thanks for keeping me informed.
      I hope your children enjoy their school!
      All the best
      Michael

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  • Dorcas    Nov 19, 2015

    Michael,thanks a lot, you have been a real motivator to me and my family.Again I say no enough words to say my thanks.

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    • Franmiguel    Nov 19, 2015

      Hi Dorcas,
      I appreciate your kind words.
      Knowing that the loan is helpful to you is thanks enough.
      Regards
      Michael

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  • Dorcas    Nov 19, 2015

    Thank you so much my lenders for helping me to persue my life dream. Thank you for bellieving in me.

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  • Dorcas    Nov 19, 2015

    Thanks to Zidisha and my lender.
    With my past loan have been able to build a chicken coop which can accomodate up to 30 matured chicken and it helped me to buy chicken feeds for some time.It eased a lot of things in my family because the money that would have gone to chicken feeds was channelled into the school fees of my children. I have been waiting for this opportunity to raise another loan to increase the number of chicken I have.
    Thank you so much.

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    • Franmiguel    Nov 19, 2015

      Hi Dorcas,
      Thanks for being such a great borrower.
      I am happy to hear that the loan has benefited both you and your family.
      All the best in the future
      Michael

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  • Dorcas    Nov 17, 2015

    I would like to clear the remaining loan balance so that I can apply for a fresh one. The reason being that in this season I predict it is a good business season due to christmas seasons. Thank you.

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  • Dorcas    Jun 6, 2015

    Am reducing my repayment amount because I need to add some more chicken. The budget is kind of tricky so am forced to do so. Soonest am through I will adjust my repayments instalments upwards. Thanks to my Lender.

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  • Dorcas    May 5, 2015

    To Michael, I have no enough words to thank you. Just know that am really thankful.

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  • Dorcas    May 5, 2015

    Thanks to all my lenders.I really appreciate the zidisha team too . With is this loan, I intend to build a coop for my chicken.I will purchase materials I.e timber and iron sheets and hire a good constructor to do the work.
    I post the pictures to show progress.
    Thanks so much.

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  • Dorcas    May 1, 2015

    Thanks to Michael for the encouraging and positive feedback . Am looking forward to a even better performance in my business.
    Thanks.

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  • Dorcas    Apr 27, 2015

    I am very grateful to Zidisha and my funder for the loan and patience with me throughout the repayment period.

    Three of my chicken hatched recently and I need to build a coop to accommodate the new chicks.

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  • Dorcas    Apr 26, 2015

    I am very grateful to Zidisha and my funder for the loan and patience with me throughout the repayment period.

    I am glad to report that business has been good, most of my chicken laying without skipping days, most of the weeks.

    Three of them hatched recently and I need to build a coop to accommodate the new chicks.

    I will therefore shortly after this apply for my next loans.

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    • Franmiguel    Apr 28, 2015

      Hi Dorcas,
      Thanks for being such a great borrower.
      I hope that the loan has benefited both you and your business.
      All the best in the future
      Michael

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  • Dorcas    Feb 14, 2015

    I would like to shorten the period of repayment.

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    • Franmiguel    Apr 2, 2015

      Hi Dorcas,
      That is fine.
      I am glad that the improvement in your business is allowing you to make larger repayments.
      All the best.
      Michael

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