Poultry business

Charles

Naivasha, Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

October 2013

On-time repayments

70 installments  •  27%

About Me

my name is Charles Njenga Muchai,and am happy to say I recently was blessed with a new born baby,am college graduate and am a business man

My Business

currently I ran 2 businesses,I sell eggs and I bought a van which I use to ferry goods for customers and also my own

Loan Proposal

my business is called njega Enterprise which deals with buying and selling of eggs.i usually source my eggs from farmers and resell them to hotels and shops in naivasha town and its environs.i also have retail customers from time to time,try to look for new markets every now and then.my main challenges include shortage of eggs and fluctuation of prices after a period of time.i have two casual employees.i spend most of my tme in the business since I believe in serving my customers.my net income ranges between 10000-12000 per month after expenses which include rent,transport and wages.with this loan I want to increase my stocks so that I can maximize my revenues and profits.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 11, 2014

Repayment status

On Time

Projected term

16 months

Other loans

Lenders

TheWhiteCat

Surrey, United Kingdom

Sarasota

Sarasota, Fl, United States

dlpringle

Denver, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

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  • Charles    Jun 15, 2015

    Business has been doing gud,,i can't complain,but for tha past two weeks been away my second in charge was running and over seeing the day to day running of both business and giving me a report..was researching the posibility and worthiness of a new business venture am thinking of getting into,,field work to see if its viable or just a big waste of time..am hoping to be back at naivasha by nest week,run a full audit and start clearing all business debts and expenses and resume normal procedure

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  • Charles    Apr 17, 2015

    Business has been doing gud,,i can't complain,but for tha past two weeks been away my second in charge was running and over seeing the day to day running of both business and giving me a report..was researching the posibility and worthiness of a new business venture am thinking of getting into,,field work to see if its viable or just a big waste of time..am hoping to be back at naivasha by nest week,run a full audit and start clearing all business debts and expenses and resume normal procedure

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  • Charles    Mar 16, 2015

    Wew are pleased to say that business has been doing well,,soo much that infact we added another branch in nakuru town which brought tha total of our branches to three outlets,,,despite the shortage and loses we incured during november and december to a point of closure,things have really changed for the better and we are pleased,,we fully stocked the shop and this is its third day in operation and we are hoping for tha best and in two or three weeks we expect results and gud profits

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  • Charles    Jan 31, 2015

    We recently re opened our branch that we had closed last year due to tha low customer rate so instead of looses we closed shop,,but we re opened it in january,,,stocked it to tha fullest stock that it had before closed up,,one hundred trays of eggs but this time tha eggs were a little hard to find so we ventured a little further inland to find the eggs and we had to get some from nakuru so that the main shop would get stock and so would the second branch,,so our capitol was all spent in getting tha eggs but business is picking up great and we hope for good business from our reliable customers and also from new new one's

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  • Charles    Dec 22, 2014

    business
    has gone down,we closed down one branch about three weeks ago and and
    the current branch we have is not that profitable,,but the season aint
    helping either,,most of our clients hve closed down shop for tha
    holidays and most hotels hve also registered a decrease in customers as
    two of the factories that we actually sell to have had their clients
    break for the holoidays but we believe come january most of our business
    will b back up and we will have back our cleints and customers and all
    will be well

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  • Charles    Nov 10, 2014

    Our
    new branch has been getting slowly but atleast last month it actually
    did manage to pay all its bills,,salaries,rent,electricty and some few
    over due debts.but since the weather change and we got to the cold and
    rainny season,,it has been costing us alot to find stock and when we do
    we have to go for long distances to find eggs and we realized it hasn't
    been breaking even. For now our stock is low and we operating on the
    basis of supplying regular customers so as to maintain them,,but as soon
    as the supply goes back to normal business will ressume

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  • Charles    Sep 29, 2014

    The business has been growing and very recently we even expanded a new branch,,that meant we had to pull in alot of capitol to the new shop,stock,,of eggs took a toll for we wanted it to act like an indepedent self sufficient shop.we bought over one thousand five hundred new empty trays and stock up atleast seven hundred treays wit eggs.so the capitol we had ended up at the shop but we belive in a week or two it shall have picked and resumed the normal payment of the loan as planned,,thank you in advance

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  • Charles    Jul 28, 2014

    the
    market currently is moving slow,,the supply and stock are there but the
    demand has decreased.the economy is low thus potential customers demand
    has decreased,but hopefully by next month it will have picked and back
    to its normal or even better state for business. for the last 3 months the business has had some trial,we had a problem with supply,our farmer who supplies almost 70 percent of the eggs we sell had his livestock infect with a poultry disease but we manged to find another source,,

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  • Charles    May 19, 2014

    my job has been not doing well.my stock of eggs got stolen about 2 weeks ago,the business was doing well thanks to the loan you gave me,,i added extra trays so as to be able to increase the amount of stock of eggs.i am very sorry for the delay in payment but will make a payment of 500 Kenya shillings by Wednesday so as to reduce the balance. i hope this does not change my relationship with zidisha,,thank u

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