Clare
Nairobi, Kenya
100% repaid
Name
Clare
Member since
February 2014
On-time repayments
115 installments • 97%
I have a diploma in business management and a trained secretary. Currently, I have begun a chicken farming business since I inherited a piece of land from my parents. My area of residence is Syokimau which is a big backyard. I started this business after being gifted 3 hens and 2 roosters. I have kept them for a whole year mainly for just eggs for home use. I recently started doing research on chicken farming and I found it to be very lucrative. I have so far expanded it and have a total of 2 roosters, 8 hens and 41 chicks.
So I plan to expand this business to sell eggs and chicken meat. Currently, I am getting 8 eggs every day which means it takes 4 days for a tray to fill up. So in a week, I have approximately 2 trays of eggs. I thereafter sell the eggs. Each tray fetches $6.50 so in a week I get $13. I spend $6 on feeds which last for two weeks. I also supplement the food with a garden I have in the backyard where they feed on greens. I already have the chicken coop which is spacious and laying points, sickbay in case of sickness. I also have feeders and drinkers. I am looking to get financial assistance to be able to buy more feeds especially for the chicks and also medication that is needed at times. My research showed that for this venture to be profitable, it needs the chicken to be more so that one can get more on eggs.
I have done research and found that I can get clothes from a neighboring country at a cheaper price and sell it locally. I would like to start with buying materials and ladies handbags which are very popular in the country. Since women always want to remain fashionable, this will be a good opportunity to give them unique items for different occasions. I am also looking into getting a physical address where I can display my goods. So I will not only get customers who shop online but also people who pass by and see something that interests them.
Positive
5
Neutral
1
Negative
1
Project Type
Classic Loan
Disbursed amount
$47.00
Date disbursed
Apr 9, 2015
Repayment status
On Time
Projected term
6 weeks
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