Poultry farming

Eutycus Kinyua

Meru, Kenya

100% repaid

Entrepreneur

Name

Eutycus Kinyua

Location

Meru, Kenya

On-time repayments

195 weekly installments  •  72%

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 improve my chicken rearing business by buying more hens and feed for my chicken. feeds will cost 10 dollars and 5 hens will cost 25 dollars. buying more hens will increase my eggs production. This will increase by profit. I will reinvest part of the profit and the other part will cater for my living expense together with my parents. The loan will enable rise my profit from 2.7 dollars per week from sales of eggs to 5.3 dollars per week.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.23

Date disbursed

Aug 4, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $1.22

Lenders

JH

Joseph Hwang

Houston, United States

CN

Craig Newmark

United States

J

JB

Germany

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