Loan to purchase more chicken for my farm

Job Omondi

Nyamira, Kenya

100% repaid

Entrepreneur

Name

Job Omondi

Member since

January 2015

On-time repayments

78 installments  •  86%

About Me

I was born in 1992,in a small town in Nyamira county in the republic of kenya.i successfully went to Nyangoso primary and finished from there 2006.I then joined Nyambaria school where I finished from with my o level certificate in the year 2009.the year 2010 I went to senator Kebaso and started from form 3 then I finished from there 2011.Due to lack of money I opted to do activities such as rearing of hens so as to get my daily bread. Have also ventured in farming especially beans and bananas whereby I harvest beans twice annually and for bananas at least twice to three times a year. This has been able to give me sustainable income to venture into photography whereby am making reasonable a mount per week of up to 15 dolars.T hat way am able to support my family and access better health care. I am planning also to further my education so as to achieve my childhood dream of being a literature teacher. Apart from my busy business routine, am a good footballer and volleyball, I also like singing having been brought up in a christian setting. Hope my story gives hope to someone.

My Business

Following my good experience in poultry Farming since childhood, I have resorted to apply this knowledge to earn cash. I begun with a single hen and currently I have reared up to 30 chicken. There being a good market with a high demand for chicken products, I have been highly motivated to this chore. I sell both eggs and chicken in my locality and would wish to supply my products in a larger scale to the neighboring towns in future. Nevertheless like any other beautiful woman there is a spot in this business. I face various challenges including but not limited to competition from peers with more capital to run the operations like ferrying the eggs or chicken and tropical diseases that have claimed up to 10 of my hens. Even so I am determined to be the best in this. On average I make 15 dollars a week. Any financial assistance will go a long way in increasing the number of hens and expanding my poultry business. In future I will venture into a variety of poultry and their products.

Loan Proposal

I plan to use my loan to purchase at least 20 more croiler chicken to my firm. With this latest hybrid chicken from my neighboring country, I will be more advantaged. I will also expand my structures to accommodate more chicken and there chicks. with this I will also acquire some feed to last me for two months. 20 croilers will cost me $4 each leading to a total of $80. I will then spend $15 for expansion and a further 15 dollars for feed that will be mixed with the home feeds. this is a total of $114. I shall appreciate a great deal any assistance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.38

Date disbursed

Feb 9, 2015

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $100.38 at 3.13% annual rate over 10 months = $2.89

Service fee: $3.45

Lenders

T

Tec69200

Jacksonville, United States

R

rcmssr

Woodbury, United States

TOTEMonline

Muscat, Oman

M

markj

Camberwell, Australia

A

aliasadsj

Queens, NY, United States

R

ryano

New Westminster, Canada

BJ

Brandon Joz

North Carolina, United States

Aggul

London, United Kingdom

Jeff and Marcie

Portland, OR, United States

M

mrhanky1

melbourne, Australia

J

JayJay

Cleveland, United States

D

danny

Karlsruhe, Germany

V

valeriesolanas

Stamford, United States

R

RCHeying

Marietta, United States

M

Mullagh

United Kingdom

Paul Buchheit

Mountain View, United States

S

sbower33

United States

Jon

Sweden

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