To expand my rabbit rearing business
Wamugunda
Nakuru, Kenya
60% repaid
Entrepreneur
Name
Wamugunda
Member since
August 2013
On-time repayments
321 installments • 65%
About Me
Am Wamugunda Gakuo aged 26years.I live in Nakuru county in Shabab Estate in particular.Am a computer engineer by profession.I hold a higher diploma in computer engineering.I graduated 3years ago at Egerton university.I started an electrical and computer appliances business because that is where my passion lies.Being in such a venture i practice my profession and therefore dealing with my customers isn't a problem since my key to success is customer care which i value so much.Some of the earnings that come from my business are reinvested back and the rest is used wisely to cater for my family and other logistics.However my three years old business has been experiencing some challenges here and there especially competition and contraband products.But this as result has not affected my business greatly since i do enjoy a good customer base that has sustained my business because of the trust they have in my products and services. In addition to that,i co-own a rabbit keeping business with my sister back in my home county Laikipia.
My Business
My business is that of Electrical and Computer appliances, and rabbit keeping.I started an electrical and computer appliances business because that is where my passion lies.Being in such a venture is something i like doing and therefore dealing with my customers isn't a problem since my key to success is customer care.Some of the earnings that come from my business are reinvested back and the rest is used wisely to cater for my family and other logistics.However my three years old business has been experiencing some challenges here and there especially competition and contraband products.But this as result has not affected my business greatly since i do enjoy a good customer base that has sustained my business because of the trust they have in my products and services.MY being located in a strategic location has enabled its growth immensely.On a monthly scale am able to pocket KSH15,000-28,000 per month from my computer business.I started my Rabbits enterprise in the year 2011.Much has been said about healthy eating and economic sustainability of a healthy diet. The rabbit rearing business can achieve both results without much hustle. Research done shows that rabbit meat has far more protein and less fat than other meat. The space required to raise rabbits is small, their feed requirement and supervision is minimal and people have started embracing rabbit meat as a healthy alternative to other forms of meat. The rabbits multiply and mature very fast, and are ready for slaughter at three months. My intention of starting this business is also to inspire the young people in rural Kenya that they can become economically independent without necessarily going to look for work in urban areas. I am sure that with your help I can practically show these young men and women that it can be done. Having been in this kind of venture has inculcated some unique passion of earning a living which to many a people have continued to ignore the enterprise. From this business am able to provide for my Family and sustain the running and management of my enterprise. However having such an establishment will greatly help in repayment of the loan. Though few challenges are there, they don’t affect the practice since i have come up with a concrete ways to minimize risks by maximizing the profits.Also the demand for the Rabbits products is high because of their high nutritional value. I get a monthly profit of $200-350 from my rabbit rearing business.Therefore being in this business will enable the repayment of the zidisha loans without hustles.Am optimistic that this loan to greater level will help me to grow my business.
Loan Proposal
Dear lenders,
Thanks for your kind help through my previous Zidisha loans. I will use my fourth loan to build an additional rabbit house since i have bought a new breed of rabbit that has the capacity to mature fast and gain weight. This will cost me 350 dollars.The loan will also be of great help because i will be in a position to secure check up services(40 dollars) of at least once a month from a highly qualified veterinary specialist in the rabbits management.I will also use a portion of the loan (130dollars) to advance my rabbits diets that is buying the prescribed feeds that will stimulates their weight and improve the general health.This will reduce the risks of infections that causes deaths to my Rabbits and increase the profits earned from my business since i will be able to meet the requirement of my clients in terms of quality and quantity.My great expectations is that given the zidisha chance i will be able to maximize the potential in this industry.Am optimistic that this opportunity will enhance my progress.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$520.00
Date disbursed
Oct 6, 2014
Repayment status
Late
Projected term
69 months
Other loans
Lenders
Mountain Home, United States
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