Poultry keeping project

Richard

Limuru, Kenya

100% repaid

Entrepreneur

Name

Richard

Member since

February 2015

On-time repayments

110 installments  •  27%

About Me

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

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.

Loan Proposal

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.

Feedback

5

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 23, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

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Summary

Amount repaid

$50.52

Amount remaining

$0.00

Date repaid

Apr 3, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 8, 2015 $8.41 Mar 8, 2015 $8.41
Mar 15, 2015 $8.41 Mar 14, 2015 $8.41
Mar 22, 2015 $8.41 Mar 14, 2015 $8.41
Mar 29, 2015 $8.41 Mar 25, 2015 $8.41
Apr 5, 2015 $8.41 Mar 25, 2015 $8.41
Apr 12, 2015 $8.47 Apr 3, 2015 $8.47

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