Poultry farming (and growing bananas)

Eutycus

Meru, Kenya

43% 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, buying more hens. 10 hens costing 50 dollars, eggs incubator 200 dollars. Chicken feeds costing 50 dollars. Pay veterinary services for vaccination 20 dollars. For the banana project pay for labour 20 dollars and 30dollars to buy organic manure. In my poultry business profits are expected to rise from 25 dollars per week to approximately 35 dollars a week once the incubator is working I will be able to sell chicks to other farmers. 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.