Josephine Nyang'au

Nairobi- Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

Josephine Nyang'au

Location

On-time repayments

19 monthly installments  •  74%

About Me

Am a university graduate, married with three children, i live in Rongai, do Rabbit farming as business, i want to be unique in rearing the rabbits i found this project to be more viable when white meat became scarce and was very expensive to buy thus causing me to start rabbit project for export market,and also local, hence using my earnings to increase my business( buy more rabbits). in my community rabbit was kept by young boys as pets

My Business

I started this business because,its white meat,has the highest percentage of protein,its lean fat content is low,highly digestible, low cholesterol,good source of vitamin B12,few people are in rabbit farming business,hence low competition,and demand is very high,when diseases strike.Medicine,food (Hay) and pellets costs ksh 25,000
sales one rabbit ksh 500
profit for 100 rabbits is 5000

Loan Proposal

The funds will be used to construct a larger rabbit house, purchase feeds, and medication including better and more productive rabbit breeds. In addition the funds will aide in offsetting miscellaneous expenses such as labour, electricity and water.the fund will be used to strictly do the house as earlier said that i will want to be the role model around this place .I live in town but the small portion of land will be used to do the project. i want to thank you for the first monies that you gave it was a boost really in may business i will always appreciate our organization.thanking you in advance.God bless you as i look forward to this project.always welcome to visit.my project
Below are the estimates

Funding Rabbit Project estimates
Building the structure - 70000
Feeds - 20000
Purchase of rabbit breed - 5000
Labour - 5000

Feedback

5

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,219.93

Date disbursed

May 21, 2013

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $1,219.93 at 2.87% annual rate over 12 months = $37.44

Service fee: $65.24

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