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.
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 1, 2018
Repayment status
Late
Projected term
2 months
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