Poultry house for my growing number of birds and chicken

Philiph

Brook Village, Kenya

100% repaid

Entrepreneur

Name

Philiph

Member since

November 2013

On-time repayments

372 installments  •  74%

About Me

I am a 4th year student at kisii university college. I joined campus in the year 2011 after completing my kcse certificate in Kabianga Boys High school where i scored a mean grade of B+. My family members live in Brook village in kericho county where tea is grown as a main cash crop. My parents are peasant farmers and they grow tea and other farming crops to sustain living. I am the second born son of the six family members. My elder sister is a law graduate from Moi University and know she is seeking for a job. As a student i am an entrepreneur too operating poultry project. I started this project three months ago and it has been growing and expanding. I tape this project when i realized there was high demand of eggs and chickens in our local area and nobody was there to supply the same. I decided to venture into this project and it has been so profitable

My Business

I am operating poultry farming activity which i started three months ago in a piece of land given by my parents. I got the starting capital from my parents, relatives and friends who generously contributed to my project. I started with a capital of ksh 20000 by buying 40 layers chickens worth ksh15000 and the remaining amount used to construct poultry house. The challenge i am facing is lack of funds to absorb demand pressure from local market and other customers. Every day i am collecting 32-35 eggs and i sell one egg at ksh 15 to my local customers. Every day i make a profit of ksh500 after deducting all other expenses. I am planning to expand and rear to about 1000 hens in the next one year. I am seeking for your financial suppport from willing lenders to see this project reach the next level.Thanks

Loan Proposal

Since I have managed to acquire the land from the last loan plus the little savings I had,I then need to expand the structures in the space so as to accommodate the growing number of poultry.I will be grateful for your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$337.00

Date disbursed

Oct 6, 2016

Repayment status

On Time

Projected term

20 months

Lenders

Paul Buchheit

Mountain View, United States

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