Purchase of incubator

Entrepreneur

About Me

I am Naomi Amase Muruga a resident of Kakoli sub location Okuleu Location, Teso North District, Busia County. I attended Moding primary School and did My O level in St Marys Amukura High School in Western Kenya. Am Married and blessed with five Children of which all of them at the moment have completed their o level Education. I have been practicing poultry farming for the past three years and it has really helped me meets my daily needs. I am someone who is persistent and will always do anything to meet my objective, I am planning to expand my business by adding another house to add more birds so as to meet the rising demand of my products. My products are of high quality and very much affordable and probably that what makes me different from my competitors.

My Business

Before I even start writing anything about my business, I would really like to thank the entire Zidisha community for helping a thousand of small scale entrepreneurs across the globe to meets their needs through small scale business and may the almighty God bless you abundantly. I started this poultry business three years ago when my husband retired from the Civil Service. Having a smaller piece of land, my good friend advised me to start poultry business from that available space, after a serious thought I decided to venture into that business (poultry Business). I started with only five hens and 2 cocks. With time, patience and Persistence I managed to break even in few weeks and currently am reaping the fruits of my labor. I have one closet/poultry house where I keep my birds and I would like to buy another chain wire to expand my business to meet the rising demand of my products. My business is strategically located and is adjacent to various government offices and two private schools, and its next to the local market that is managed by the local authority, with these I have an advantage against my competitors and I really pray that our economy improves so that I realize my dreams. I normally get an average gross profit of Ksh 40,000 and my total cost per month on average is Ksh 15,000 and my average is Ksh 25,000. Apart from that I have a stable source of income of Ksh 5,000 from other businesses.

Loan Proposal

My poultry business is doing well and I will always be proud of you and what you are doing to us. This is my third loan am applying and I thank God because I have managed to repay back my loan. This time round am back again, the demand for my products keeps on growing each and every day and am trying my level best to cope up with the challenge, am now planning to buy an incubator , this will enable me to produce more chicks at an affordable rates, I will sale half of one day old chicks to my clients and I will keep the remaining chicks till they grow and sale them at a higher price, this will enable me meet the ever escalating demand of my products. I will increase my profits after three months by almost 30%, in addition my clientele base will grow tremendously, I will easily ward off competition easily. With what I have saved for the past four months with what am going to get from you as a loan, I will comfortable acquire my incubator and still repay back my loan. I know we have worked together in the past and we will still work together and I believe in myself and what we are going to achieve as Zidisha family. Thank you and may almighty God bless all of you.

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