Purchase of an egg incubator

Eric Nyuguto

Karatina, Kenya

100% repaid

Entrepreneur

Name

Eric Nyuguto

Member since

April 2017

On-time repayments

68 installments  •  87%

About Me

Am a gentleman aged 42yrs.am a graduate.my childhood was difficult as my parents divorced when I was 5yrs.I struggled throughout my education life but hard determination has enabled me to make ends meet,marry,raise a family and am educating my 2, sons.the going has not been easy but hard work pays.last month we welcomed our 3rd born.he is a girl.we are soo happy n have doubled our effort in order to cater for th family needs

My Business

I am a farmer:main crop is bananas,I rear daily cows and chickens for milk and eggs for sale.I sell milk and eggs in Karatina town,bananas are collected at the farm my traders.the farming has enabled me meet my daily needs plus educate my 2 sons.I make ksh25000 to sh30,000 a month.am looking for ways to expand my farming business in order to increase profit.I have decided to start banana ripening at the farm in order to diversify and maximise profit.

Loan Proposal

I am seeking for fund to buy an egg incubator that costs kshs 30000.I will top up the balance from my savings of ksh 8400 as am applying for ksh 21646.the incubator will be used to hatch eggs(about 200 chicks) in 21 days.I will be raising the chicks for 1 week and sell them at ksh 100 per chick.this way I be making a profit of ksh 10000 per month.

Feedback

1

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  • Jane    Jul 14, 2017

    Great job Eric! Fully repaid and early !

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.31

Date disbursed

Mar 27, 2018

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $8.99

Credit risk payment: $17.97

Lenders

C

chrisherron

Chicago, United States

R

rholden

glen iris, Australia

JonB

London, United Kingdom

W

Wade

United States

MR

Michiel Rauws

San Francisco, Netherlands

Der Dooley

Dublin, Ireland

Thomas

Sweden, Sweden

RC

Rudi Chen

United States

M

Magnus

Switzerland

J

Jo

United States

C

Carlene

United States

Majella

Dublin, Ireland, Canada

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SA

Shar Alamdari

Los Angeles, United States

M

Marama

Australia

SH

Stephanie He

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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