To add more laying kienyenji(indigenous)chickens

Frank Mutuma

Donholm Phase 8, Kenya

100% repaid

Entrepreneur

Name

Frank Mutuma

Member since

January 2014

On-time repayments

138 installments  •  72%

About Me

I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.

My Business

I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.

Loan Proposal

Fist of all is to thank you for giving me loan to expand my kienyenji(indigenous) poultry farming. all is well and i would love to acquire more loan i buy more laying kienyeji(indigenous) chicken because the demand for eggs is very high because people have know the health benefits of eating indigenous egg compared to modern eggs. currently am selling a crate at 6.8usd per day and those who need for incubating am selling at 10usd(optional). the orders i have currently i cant meet with the 48(40 females + 8males)chickens i have. with this loan i will by mature laying kienyeji(indigenous) at 4.5usd each thus in total i will have 80 kienyeji(indigenous) layers. i know with my good feeding en care i give them i will be getting 2 more crates from the one am currently getting per day hence my earnings per day will be 20usd per day. with is much they buy feed,med and some time labor when i go upcountry and hence at the every wk i will be able to also repay the loan comfortably.i got orders from a company in china to supply cow skins and also supply dried mad fish meet to a hotel in Pakistan. so am working towards saving to be able to raise 3000usd. to start supplying.
looking forward to here from you and thank you very much in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$370.74

Date disbursed

Jun 2, 2014

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Lender interest: $370.74 at 6.44% annual rate over 5 months = $11.02

Service fee: $6.11

Lenders

P

Philippe

Adliswil, Switzerland

L

lmuenchen

Munich, Germany

lorrymac

Killough, United Kingdom

P

ploeger

Perkasie, United States

Tavin

Ottawa, Canada

Taata

Multia, Finland

DT

Dru Tarr

Gloucester, United States

B

BillyJ

McKinney, United States

K

KennaMumford

Salt Lake City, United States

calvero

Bergen, Norway

N

nba1999

Beijing, China

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

O

ormung13

Christchurch, New Zealand

G

GreenMoney

Lahr, Germany

pvilliger

Zurich, Switzerland

N

nathaliekar

United States

larry

Sweden

A

ajayhk

San Jose, United States

A

Arkad

United States

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