Poultry upgrading so i can supply more eggs and chicken

Enock

Ririk, Kenya

100% repaid

Entrepreneur

Name

Enock

Member since

December 2014

On-time repayments

58 installments  •  40%

About Me

MY CHILDHOOD AND EDUCATION
i was born in Transmara in narok county before we moved to bomet town. i went to Bomet primary school and Tenwek high school before joining Kenyatta university for degree in Agricultural Resource management.
HOW I OVERCAME CHALLENGES
While growing up i have always been a hardworking person who never relents. i believe in achieving every thing through hard work and patients.
HOW I STARTED MY BUSINESS
the idea of starting my own business came to me as i was in my final year in the university. using the little money i had saved in the campus, i borrowed some amount from my father and i started my business.
UNIQUENESS OF OUR LAND
Bomet is a place of many people. it has grown from time to time and it has attracted many people from all over the country. we are nice to all people and we have produced many athletes and even rugby players. our land is a home of talents also. we have many music artists who have marketed our region.
DREAMS OF OUR CHILDREN
Like me when i was young, children from our land have many dreams of achieving high in life. many have seen their dreams come to pass and many are working for it.
MY HOBBY
I love watching movies, documentaries and listening to music.

My Business

GOODS AND SERVICE I PROVIDE
i have a poultry project in which i normally supply restaurants with eggs and chicken meat. i began with five chicken and am currently having seventeen and some which i have ordered at the hatchery.
WHY MY SERVICES ARE USEFUL
when i began, it was hard as i had to look for market to supply my products. however i have had to struggle to satisfy many clients who need chicken and eggs. many restaurants are sprouting and each in need of supply like twice a week. i currently supply two restaurants.
WHY I CHOSE THIS BUSINESS
After missing out in securing county jobs in our area, i saw the need to start a business that is related to my area of profession. and i ended up starting this project as i continue hopping to get a good job which will help me support my project to a higher level.
TYPICAL COSTS AND REVENUE
my revenues comes from selling eggs daily and selling matured chicken to the two restaurants. however i got to spent a lot of money also in maintaining my business. i have to buy food for chicken ensure they get treated and health attention as often as possible. all these cost me almost half my earnings as i also have to buy young chicks weekly.
HOW I SPENT MY PROFIT
i use my profit in improvement of my business. it is a project which is yet to grow to its full length and so i got to use every available resources to support it.

Loan Proposal

i am planning to buy at least five chicken which i will keep for less than two weeks before selling them for a profit. each will cost up to 3 dollars. this will come to a total of 15 dollars in total. the rest will be used to buy medicine and chick mash for the chicken which normally go for up to 20 dollars.
i will be to benefit personally from this project improvement and also others who are with me will benefit a great deal.
i expect to get a profit of up to 50 % from this project in less than a month or two.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 24, 2015

Repayment status

On Time

Projected term

12 months

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