Expand my poultry farming business

Elius

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Elius

Member since

January 2015

On-time repayments

35 installments  •  66%

About Me

my name is ELIUS MAINA born and brought up in a small village where we had stalemate of accessing education due to wrong distance we had to cover,we had to strive hard after school to assist in home jobs so that we could get school fees,through my struggle i had passion of starting a business where i could become independent and relieve my parents workload of taking care of me hence started rearing hens where i could sell eggs.in my village young men did not believe how one could get money without white collar jobs and had to prove myself and overcome it.i believe in entrepreneurship and self employed business.am a soccer fan and have great support for talents.

My Business

i have reared poultry with a small structure holding 100 hens and 50 cocks,basically the hens have the capability of laying 30 trays of eggs per week and the cocks after they mature i sell them for meat.the kind of business is cost effective and requires little inputs .the cost involved are basically feeds whereby i spend KS 5000 per week,maintenance of structures and expansion as growth occurs,am capable of getting a net revenue of KS 5000 per week,my revenue is used in reinvesting in the business because i want to be the biggest supplier in future to big markets.

Loan Proposal

I intend to increase the number of hens at a cost of 50 dollars ,feeds for the current and additional poultry will go for a cost of 20 dollars,structure expansion and building at a cost of 20 dollar project my income will rise by KS 200 per week making it KS 1200,the benefit that will accrue after attaining my objective in my business is that will be self reliable in my development agenda and create room for more expansion to other business sectors whereby i will be of big important to the society.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

7 months

Other loans

Lenders

Elinor

Maple Lake, MN, United States

Z

zidscott

United States

Ben Triola

St. Louis, United States

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