Inventory of chicks for poultry business

Entrepreneur

About Me

I spent my childhood in our countryside home where I also went to school.
after completing my high school,I couldn't manage to proceed because of financial problems.
I moved to stay with an uncle in Nairobi.
while at my uncles place,I contacted neighbors who had a busy schedule to let me run their errands like queuing up to pay bills on their behalf,delivery,picking there children from school and many more.they gave me money in return and I was able to build a small house for chicken with the help of my uncle.
He has a large farm near the city so I saw an opportunity to utilize the readily available market.
I want to grow this business to a level that can sustain me and perhaps pay my college fees as I intend to further my education.

My Business

I have started poultry farming.
I buy five day old chicks and raise them for 7-8 weeks before I sell them to hotels and institutions around my locality.
I chose this kind of business because I attended a seminar where I was thought how to raise chicks and best practices to ensure i get the most from my money and partly because It was what I did most from my childhood.
3-5 days chicks cost $1.5
cost of keeping one chick for 7-8 weeks is $3
after 7-8 weeks,one chick can be sold at $6-$7 hence a profit of$ 2.5-$3.5 per chick.
presently I have 50 chicks.that could be a return of $125-$135.
I intend to use my revenue to expand my poultry business.I have a target of reaching 500 chicks in the next one year.

Loan Proposal

Am planning to expand to my poultry farming business.
Already I have a house and 25 chicks.
I want to add another 25 chicks and keep the 50 chicks for a period of 7-8 weeks before I release them to the market.
the cost of buying 25 chicks =$25.
raising 25 chicks for 7-8 weeks=$38.
house repair to accommodate all the chicks =$25.
I f I get the loan,my profits will increase by $50-$75
after 7-8 weeks,I will sell all the chicken and add to the business.am intending to raise 100 chicks the second time.

Eventually my savings will add up to pay my college fee.

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