Stephen Njuguna
Subuku Village Njoro District Kihingo Location, Kenya
100% repaid
Entrepreneur
Name
Stephen Njuguna
Member since
April 2013
On-time repayments
10 installments • 100%
About Me
I was born in Narok district today i live Nakuru county, my parents later relocated to Njoro division where they bought land. I attended Subuku primary school which neighbors our home, after completing my Kenya Certificate of Primary school, I joined Friends Academy Egerton University, I later transferred to a public school called Gichobo Secondary School. During school holidays I used to buy second hand clothes and do hawking business in the neighbourhood, Am a born again I attend Blessing Assurance Fellowship located 500 meters from our residence. 2013 i acquired a small plot of land where am living today. I operate a boutique in kihingo centre, where I sell second hand clothes and new clothes, I chose to do business it has been my dream career since when a small boy. I have a strong passion to do business and become one of the greatest businessmen in the county of Nakuru. last year i diversified my business and established a poultry keeping type of business
My Business
I am operating a poultry business where I have 140 layers that have reached the rearing stage. These layers are of exotic breeds and the eggs have a high demand since the market is too wide in Nakuru town. Most of the poultry keepers stopped rearing layers because of high prices of chicken feeds and others shifted to the quail business. I took this one as a big business opportunity. I bought a grinding machine and a mixer this has enabled me to make my own feeds at a very cheap cost. This has enabled me to produce eggs at a very low cost and a very high profit margin. Am intending to buy 200more layers once I get funded and this will enable me supply more eggs and meet the needs of my customers. I also get additional revenue from the sale of surplus chick feeds. In a week I sell approximately 1000 eggs minus broken eggs and sell at wholesale price of kes 11 this translates to Kes 11,000 and incur a weekly cost of Kes 4,000 and get approximately Kes 7,000 as profit per week.
Loan Proposal
Than you so much to zidisha team, my lenders and my mentor in Nakuru Mr. Sammy Njuguna. I will use the loan as additional capitals to expand my business by renting a bigger house (KES 4000), which will make it possible for me, display my products well. Remaining part of the loan KES 4000. I will hire worker. This will give me a chance to sell my products in the neighboring markets during market days
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 15, 2013
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Dunkirk, United States
Ask Stephen Njuguna a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...