Poultry and banana farming

Eutycus

Meru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Eutycus

Member since

June 2017

On-time repayments

200 installments • 73%

About Me

I was brought up in a small village in Meru from a poor background.i was very determined in my studies that made me receive sponsership of my education up to the university level.Am still studying but i have a drive of rearing chicken as passion and as income generating venture. I have faced several challanges in life but determination, hardwork and persistence makes me overcome them.

My Business

My business is rearing the traditional chicken. In my culture people value chicken meat and eggs so this provides market for my product. Since childhood i had passion in rearing chicken that is the main motive towards this business. The cost that my business faces is provision of feeds for the chicken,buying chicks and expanding structures for my chicken. The source of revenue is from sales of eggs and cocks. The small profit i make i use for my university upkeep and support my parents

Loan Proposal

I will use the loan to expand by poultry businesses by ,constructing more structures for the chicken. 10 iron sheets costing 50 dollars, wood costing 30 dollars ,nails , padlocks and feeding trays costing 20 dollars. Chicken feeds costing 50 dollars. Pay veterinary services for vaccination 50 dollars. For the banana project pay for irrigation water 60 dollars, labour 20 dollars ,buy horse pipe to use for distribution water into the farm 20 dollars.
In my poultry business profits are expected to rise from 20 dollars per week to approximately 25 dollars a week. For bananas after maturity period where they start to produce ,profits are expected to be more than 200 dollars. I will use increased profit to support my family, cater living expenses,pay primary school fees for my nephew and repay my zidisha loan.