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 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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$27.00
Date disbursed
Aug 4, 2017
Repayment status
On Time
Projected term
6 months
Lenders
Houston, United States
United States
Ask Eutycus a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.