Name
Richard
Member since
February 2015
On-time repayments
110 installments • 27%
Mr. Richard Moseti Mongare is a graduate in Business and Management has expertise and knowledge farming that has helped raise school fees for my studies in campus. During long holidays i could manage the family farm as well teach in the nearby secondary school. Support is required to boost my small-scale project in the fields of agriculture (poultry keeping) on economic development. Currently i have constructed poultry house that can keep 100 chickens. After the construction of the house i got accident that made me spend all savings that i could have used to purchase the chicks.
My business is to raise Kienyeji chickens that are on high demand in the market. Maturity of the breed i intend raise is four months and would weigh up to two kilograms if well fed. The prevailing market price for one chick is Kes. 100 and a mature chicken goes for between Kes 650 to Kes 700. Hence making the venture more profitable. The profit i will get is to expand the business.
My first loan is to purchase 30 chicks at $1.2. As this will start of my project. The deficit of $ 35 will given by my brother who is in support of the project. This will help raising money for feeds and vaccines.
Positive
5
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
6 weeks
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