Purchase of small chicken egg incubator and handbags for resale
Betty
Nairobi, Kenya
39% repaid
Entrepreneur
Name
Betty
Member since
October 2013
On-time repayments
92 installments • 28%
About Me
My name is Betty Auma.I am the second born in a family of five.I am also a single mum to my seven year old son.I went to school in Moyyo Academy before moving to Eshikalame primary in Imanga village when my parents separated.Passing my primary education final exams(KCPE) ensured that i was called to a private national school.However,due to financial difficulties i enrolled to a nearby secondary school and still didn't disappoint.I attained a B- mean grade.Since i couldn't join university at the time,i went back to Nairobi city and got a job at a canteen.Later in 2007 i got another job as an office assistant at transport company.Due to my hard work and ability to learn fast i was promoted to accounts assistant.This is because i was able to learn how to use a computer and also quick books software without attending any class. During that time i learned a lot about accounting just by asking colleagues and learning through the internet.I left the company when i got a scholarship to do CPA at Foundation Institute of Africa in 2011.However,it was closed down weeks into the first semester and i looked for a new job,saved and started paying for my fees.I have currently done till section three.I started my poultry business when i saw a demand for indigenous chicken.Most people are trying to watch what they eat and they prefer organic foods.I sourced my chicken that is improved from Kenya Agricultural Research Institute (KARI) in August.
My Business
The reason there's demand for my indigenous improved chicken is because they lay more eggs in a year compared to the normal indigenous chicken.In addition some people prefer it because of it delicious taste.It took me three months after ordering from KARI to finally get my chicks.This shows how many people are interested in this type of chicken.I would like to be part of the people who fill in that gap.My flock of 38 is now 4.5 months old and they are almost laying.My plan is to buy an incubator and be able to hatch chicks that i will sell as day old.There is also market for eggs and meat for consumption.the only risk in my business is diseases which am avoiding by following the vaccination guidelines i was given.
Loan Proposal
Hello Lenders and the Zidisha team,once again i first must thank you for the support you have been giving my business.I will forever be grateful and may God continue blessing you all.My two businesses are poultry and handbags selling.Both have been doing well except recently when i lost some of my chicken.However,am not about to give up on my poultry business.Am planning to get more information that will ensure i never lose any more chicken.I also want to expand it by getting an incubator that costs approximately Kshs.23,500(266 dollars) for hatching chicks.Its the cheapest and hatches 48 eggs,i would like to start with that one.The advantage is it also uses solar.The rest of the amount i will use to get handbags that i resell.I am hoping and praying that soon i will be able to expand the handbags business too.Thanks again for helping us grow our businesses.It really means a lot to us.God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$496.00
Date disbursed
May 5, 2014
Repayment status
Late
Projected term
18 months
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