Loan to replace the feeding troughs and buy young chicks

Yuvenalis

Kisii, Kenya

1% repaid

Entrepreneur

Name

Yuvenalis

Member since

March 2017

On-time repayments

61 installments  •  49%

About Me

I am Yuvenalis Mogire. I went to school at Sengera; although I had struggles with life working in our shamba and grazing livestock, I managed to finish O levels. Later I did a certificate in business administration in St. Ann College in Kisii town. After school, I secured a job with the municipal council, from which I managed to save money to start my business. I have three kids whom I am schooling and supporting fully.

My Business

After saving, I bought three-week chicks that I personally reared and I liked the idea. After my first sales, I started to rear indigenous chickens (Kienyeji chickens) which I sell to nearby hotels. I opted to raise Kienyeji chickens because of the harsh cold weather here; the indigenous chickens adapt well to the weather. I also sell eggs. I make a profit of USD $1,200 per month, which I use to feed my family and pay school fees for the children.

Loan Proposal

After disposing off the chicken I had I am requesting for funds to get young hatched chicks of 3 weeks to start the project again.
With the proceeds that remained from my sales I will boost the funds to add more feedings troughs and replace the old ones, new feeding troughs help to prevent infections.
The 3week chicks will cost me USD 2.5 and I will buy around 100. Total cost being USD 250.
The new feeding troughs will cost me a total of USD 50 including chicken feeds and some drugs for immunising the chicks.
I expect this project to mature after another 6 to 8 weeks for I to get returns and clear the loan and take care of my family.
Thank you so much as I look forward to your support.

Show original English  

About Me

I am Yuvenalis Mogire, I went to school at Sengera though with struggles with life working in our shamba and grazing livestock I managed to finish O levels.
Later I did a certificate in business administration in St Ann college in Kisii town. After school I secured a job with municipal council where I managed to save money to start my business. Am still an employee of the council to date and with my salary l support my family and in case my business is not doing well I can plough in more capital to service my loan.
I have three kids whom am schooling and supporting fully.

My Business

After savings I bought three week chicks that I personally reared and I liked the idea. After my first sales I started to rear indigenous chicken (kienyeji chicken) which I sale to nearby hotels I opted to to kienyeji chicken because of the harsh cold weather here and the indegineous chicken adapt well with the weather. I also sell eggs
I make profits of USD 1200 per month
I use them to feed my family and pay school fees for the children

Loan Proposal

After disposing off the chicken I had I am requesting for funds to get young hatched chicks of 3 weeks to start the project again.
With the proceeds that remained from my sales I will boost the funds to add more feedings troughs and replace the old ones, new feeding troughs help to prevent infections.
The 3week chicks will cost me USD 2.5 and I will buy around 100. Total cost being USD 250.
The new feeding troughs will cost me a total of USD 50 including chicken feeds and some drugs for immunising the chicks.
I expect this project to mature after another 6 to 8 weeks for I to get returns and clear the loan and take care of my family.
Thank you so much as I look forward to your support.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 1, 2018

Repayment status

Late

Projected term

2 months

Lenders

John Minges

United States

N

Nick

United Kingdom

Ask Yuvenalis a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...