To expand my poultry farming

Nicholas

Meru, Kenya

23% repaid

Entrepreneur

Name

Nicholas

Member since

January 2015

On-time repayments

37 installments  •  11%

About Me

I AM NICHOLAS MUTEMBEI KINYAMU FIRST BORN IN A FAMILY OF THREE,AM 27 YEARS OLD D.O.B 24TH JULY 1987.ABOUT MY EDUCATION I BEGUN MY EDUCATION AT KIANTHUMBI PRY SCH IN THE YEAR 1991 TO 2001 AND LATER JOINED NANYUKI BOYS HIGH SCHOOL IN THE YEAR 2002 TO 2005.I LATER JOINED KCA UNIVERSITY BY THEN KNOWN AS KENYA COLLEGE OF ACCOUNTANCY WHERE I UNDERTOOK A COURSE IN ACCOUNTING.I BELONG TO MERIAN TRIBE {IMENTI SUB TRIBE} WHERE BY WE DO PRACTICE MIXED FARMING.I PERSONALLY LOVE FARMING WHERE BY I AM PRACTICING POULTRY KEEPING.AM A REAL MERU MORAN HAVING UNDER GONE ALL THE NECESSARY INITIATION PROCESS[ MWANAUME MWENYEWE IN SWAHILI LANGUAGE].I DO ALSO LOVE CRACKING JOKES AND WATCHING THE LEAGUE MATCHES.

My Business

I DO PRACTICE POULTRY KEEPING WHERE BY AM IN OWNERSHIP OF 70 CHICKENS.CHICKEN EGGS AND MEAT ARE IN DEMAND EACH AND EVERY DAY OF LIFE SINCE THEY SUPPORT LIFE AS FOOD.I CHOSE THESE KIND OF BUSINESS BECAUSE CHICKEN PRODUCTS ARE FAST MOVING PRODUCT DUE TO DAILY DEMAND.I DO INCUR TOTAL A TOTAL COSTS OF KSH 250 PER DAY ON FEEDS AND EARN KSHS 860-1100 PER DAY [45-58 EGSS/DAY @KSHS 20.THE AMOUNT I DO EARN AS PROFIT I DO REINVEST 30% INCOME FOR THE WHOLE MONTH,PERSONAL USE 40%, AND THEN SAVE THE REMAINING 30% ON DAILY BASIS FOR UNFORESEEN OUTCOMES.

Loan Proposal

I intend to expand my pourtly firm by purchasing more chick's which will cost $22 and also intend to use $20 in extention of poultry structures and finally the remaining amount to purcase feeds.after purchasing the chick i expect my profits to increase by at least $25,this will also help my family by paying school fees for my sister who is pursuing her secondary education.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 2, 2015

Repayment status

Late

Projected term

8 months

Lenders

Rocketdrive

Eugene, Oregon, United States

Zidisha

Sterling, United States

ads68

Melbourne, Australia

Ben Triola

St. Louis, United States

Cathy

Melbourne, Australia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Nicholas a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...