Thank you lenders for your continued support! i will use the loan for financing the mpesa and upgrading my poultry farmi...

Entrepreneur

About Me

Am Archsel Ghelomba Mwanake, a male aged 26yrs. I’m a Kenyan by citizen, Single and I live in pipeline, Nairobi. Am employed as accounts assistant.
Am pursuing accounts and am in CPA 2.apart from my employment i am ensuring that my business runs smoothly as at home apart my mum who is a business lady i also do have my sister who ensures to be keeping me daily reports before i go over the weekend to see how my business is doing.
I decided to venture into a business because I need extra income to finance my education.
I use the earnings from my business to purchase more chickens because I do poultry keeping.

My Business

My business is poultry keeping and its located in Taita, Coast province. I supply both eggs and chicken’s meat to hotels. There’s a very high demand because hotels are many and few people do the business. My customers do prefer my business because I deliver the goods to their premises, sometimes my customers may be fixed and they don’t have money to pay for the goods delivered, I give them on credit and pay for the goods after selling. My business is profitable because it’s a kind of monopoly and so I determine the price. Challenges are like; transporting the goods, some customers delay to pay for goods supplied whenever given on credit, maintenance cost.
Monthly cost are; buying feeds, labour cost, transportation cost.
I get sales revenue of approximately Kshs. 60,000.00 in a month and after deducting all expenses I get a profit of kshs. 30,000.00
I’m employed and my job can help me to repay the loan

Loan Proposal

Thank you lenders for your continued support! I will use the loan for financing the Mpesa and upgrading my poultry farming.80% of the loan will be used to add float to the Mpesa which will attract more customers,later allowing me to earn more commissions.
I will also use part of the loan 20% to increase my poultry welfare by buying the them layers marsh and broiler booster.
i really appreciate your continued support and God bless you.

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