Purchase popular clothes to resell at higher price

Clare

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Clare

Member since

February 2014

On-time repayments

115 installments  •  97%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$47.00

Date disbursed

Apr 9, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Scotts5320

New York, United States

dlpringle

Denver, United States

SK

Stefan Kruell

Muenster, Germany

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