Martin
Kaptembwo, Kenya
100% repaid
Name
Martin
Member since
July 2014
On-time repayments
18 installments • 33%
At martin njoroge for the last six years I have been involved in poultry farming. I have animal health diploma from Mount Kenya university. So after campus I decided to get into livestock rearing business, poultry keeping to be exact. I started with 100 layers 5 years ago and currently, I have 300 layers, 500 broilers and 200 roosters. I usually produce about ten crates of eggs per day which I usually sell to some local shops iun the neighborhood. Once my broilers have attained 1.2kg, I usually slaughter them and supply them to a local hotel in town after 8weeks. My business is located in my parent’s farm in Nakuru district. Personally I plan to start rearing dairy cattles in the near future. So I plan to use the loan to enlarge my business.
Poultry keeping/farming is my main source of income; this is divided to broiler rearing and egg production. My monthly income is around 30,000 kenya shillings, I have employed one person who takes home 6000, my monthly expenses include water bill which amount to KShs 1200 and the electricity bill which amount to KShs 3000. I also pay KSHs 3000 to the County government as license fee. After doing all the deducting at the expenses am left with KSHs 16800
am planning to use the loan to repair the worn out poultry house, i will use a portion of the loan replace the roof with the transparent one .the roof will cost me 1500 Kenya shillings and to cut down on the repair cost i will repair the poultry house myself. i will use 1200 Kenya shillings to buy new feeders
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Aug 4, 2014
Repayment status
On Time
Projected term
3 months
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