Purchase of an egg incubator

Eric

Karatina, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Eric

Member since

April 2017

On-time repayments

90 installments • 79%

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.