Name
Beatrice
Member since
May 2013
On-time repayments
10 installments • 10%
My names are Beatrice Wathanu,mother and a wife of Mr James Mwangi.I live in Nakuru Rift valley province in kenya.After I finished college I stayed at home and raised a home and my father to give me some money which I used to chicken farming.I started with 30 chicks which takes 6-7 weeks to mature.I started a business because I wanted to become a chicken farmer and stand alone since I had skills about keeping them.The profit that I managed to get after selling them I bought feeding tins for the chickens and the rest kept in my account.
My business primarily entails keeping of chicks and selling them after they have matured.This chicks takes 6-7 weeks to mature, after they have matured, they lay eggs and sale them to hotel, supermarkets among others.The business is expensive start and their not few people manage to keep that is advantage to me since I manage.The business is profitable since I have been doing it the last ten years The following are risks that encounter,outbreak of disease,Expensive to keep,Delicate to handle those chicks and lack of enough space for those chicks.Monthly cost is 36,000 and profit is 20,000.
Thank you very much for loan activation. This money will help me in adding the feeding equipments so that my chicks can be comfortable enough. Also the heat facilities which are more important especially this period of coldness. I believe they will increase the production hence making more profit that will also enable me to pay my loan in time.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 18, 2013
Repayment status
Late
Projected term
10 months
Ask Beatrice a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.