Poultry farming

Wesly Mutai

Njoro, Kenya

100% repaid

Entrepreneur

Name

Wesly Mutai

Member since

November 2014

On-time repayments

104 installments  •  32%

About Me

My name is Wesly Mutai I am 22 years old married with one daughter. I finished my O levels in the year 2010. Since I could continue with college education due to lack of finances I decided to work in my nearby flower farm where I earn little money which can only cater for half of my basic needs. Thus I decided to start by rearing indigenous poultry which will not cost me alot of stress due to finances. I therefore started by buying 5 layers and a cockrel.

I am confident that if I rear a good number of these I will make a good earn out of it.

My Business

As indicated above I plan to rear indigenous poultry which will make good earnings. I assume that each day will earn me Ksh. 200 from the 10 eggs I will be collecting from the 10 layers. Thus in a month I know I will be getting Ksh. 6,000. This is only a start, also I will make sure that I multiply the same in about 3-5 months I should be having more than 30 chicks. I will also decide whether to sell the chicks when they will one months old at Ksh. 150 or I wait until they are mature where I can sell at Ksh. 500-Ksh. 700.
I am confident that this project will see me in a different platform of life. Everything will change drastically since my lifestyle will change from this project. I now plan to set up a structure from the loan I will get since my poultry structure is a small one which cannot contain 10 chicken.

Loan Proposal

I plan to set up a good poultry structure which will hold more than 20 chicken. The first thing will be to buy 10 poles @US 2.17= US 16.29, wiremesh @US 43.45, timber @ US @US 21.72, nails and labour at US 16.29.
Though the amount will be more than the requested, I have some savings which will do the rest.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.18

Date disbursed

Dec 22, 2014

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $100.18 at 4.50% annual rate over 7 months = $3.02

Service fee: $2.48

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