Purchase of incubator and electrical bulbs

Lilian

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Lilian

Member since

April 2014

On-time repayments

208 installments  •  100%

About Me

My name is Lillian Mueni Kithuka.I come from a family of 4siblings, 2 sisters and one brother. I currently live in Nakuru town, freehold estate. I graduated from Egerton university with a bachelors degree in business management. I have a full time job as an accountant at a private firm in Nakuru town which i earn $284 on a monthly basis. I have great passion for rearing chicken and my biggest dream is to become one of the best suppliers in Nakuru town and later extend to the whole country. My side job i keep indigenous chicken for the purpose of eggs and meat. I have 100 indigenous chickens. On a daily basis i collect 70 eggs, which i sell them locally to my neighbors and nearby shops.

My Business

My source of income comes from the monthly salary I get and also through the rearing of the indigenous chicken. Many people prefer the indigenous eggs since the nutrition value is high compared to the modern chicken. I have 100 indigenous chickens which give me 70eggs daily. I prefer the breed since they are not prone to diseases. On a monthly basis i collect 1960eggs.I sell one egg @ $0.12.My typical monthly revenue from selling eggs is $235.2.My expenses include the feeds which cost $34.05.My labor is cheap since i stay with my nephew who works online and since he is always at home he looks after them and i give him a token of $22.7 in a month. My net profit on a monthly basis is $178.45.My great desire is to have a large scale commercial business in supply of indigenous eggs and chicken meat with several permanent employees.

Loan Proposal

First i would like to appreciate and thank all lenders who contributed to my first loan.When i get funded i will improve my poultry farming project by purchasing an incubator with a capacity of 100 chicken eggs which will cost $100.The remaining $ 43 i will be able to install electrical bulbs in my chicken farm.The loan will benefit me since i will be able to hatch my own chicks without necessarily buying from other farmers which is now costly and also i will have control of how i increase the number of my stocks according to the egg production.By installing the bulbs it will assist me to keep my chicken warm especially right now in my country the weather is very cold and without proper warmth the eggs production might lower.

I would like to be supported since i cannot be able to raise that amount because of high cost of living standards in my country.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.00

Date disbursed

Jun 20, 2014

Repayment status

On Time

Projected term

15 months

Lenders

mauroandmichelle

Montreal, Canada

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

Leonardia

Waddinxveen, Netherlands

A

Akowal

United States

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