To increase stock of broiler chickens at my farm

Ambrose

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ambrose

Member since

March 2014

On-time repayments

85 installments • 18%

About Me

Am a 30 years old. Married with one son. Am ICT educated by profession. Currently am employe with a firm know as Teledata Technologies limited. It is Based both in Nairobi and Mombasa. Am Currently a Sales Accounts Manager at the firm. Am a born Catholic at St. Joseph Catholic Church Tudor, Mombasa. Bron if a family of 6 children (four brothers and two sister). Interaction and communication are my best of me. Am a hardworking and God fearing person. Someone who has high expectations for my results. I am confident in my ability to produce, and while I prepare for the worst, I do the work necessary to tilt the odds so that the best will happen.

My Business

I currently own and run a poultry farm for broilers chicken. I do stock 450 rotational. The business is located in the coastal region is well developing thus need to establish myself in that business. My clients are in demand of the product thus sometimes am normally unable to deliver to them. Assistance in getting a loan will aid me alot in expanding the business. Poultry (broiler) business in the coast region is a well known business which not only assist in business doing but also in daily interaction with people of different races.

Loan Proposal

Purchase of broiler chicks to increase my stock. Per chick cost is about 0.76382 $. Increasing the stock will boast my business a lot as demand everyday is growing in the coast city of Mombasa.
When the chicken is ready I do normally sale them at 4.70041 $ per piece in the coast region. Which generates a lot of income compared to the stock placed at the start of business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 27, 2014

Repayment status

On Time

Projected term

5 weeks

Other loans

May 2014: $149

Lenders

Rking

Eugene, United States

OrientExpress

Tokyo, Japan

gardeningartist23

United States

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Ndungu Oct 6, 2015

Dear lenders, I spoke to Ambrose today regarding his arrears. He promised to make some payment on Tuesday next week. Thank you for your patience.

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Ndungu Aug 1, 2015

Dear lenders, I spoke to Ambrose today and he told me he has been away from his workstation and that affected his cash flow. He is now back and he will resume repaying his loan on Monday next week.

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Ambrose May 12, 2015

Dear Zidisha.
Am unable to pay the full amount on time due to some personal constraints. Current have restarted the business again and would like to start paying my first instalment today. Kindly bear with me for the misunderstanding.
Warm regards. Baraka

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Ndungu Mar 3, 2015

Dear lenders, I spoke to Ambrose yesterday and he promised to make some payments immediately. He promised to resume his weekly payments soon. Thank you for your patience.

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Ndungu Jan 14, 2015

Dear lenders, I spoke to Ambrose today and he explained to me that he has been experiencing financial difficulties. He said he will send some money tomorrow.

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Ndungu Dec 4, 2014

Dear lenders, Ambrose called me today and confirmed that he has sent KES 500 for his loan repayment. He is unwell but he is still committed to clearing his loan. Thank you for your patience.

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- calvero Dec 5, 2014
  
  Thanks for the update, David. I can see the repayment made it to the account today. I hope Ambrose is feeling better soon!
  
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Ndungu Dec 2, 2014

Dear lenders, Ambrose is not reachable on phone for the last couple of weeks. He phone is either switched off or he does not answer when the call goes through. I will try to reach him through his contacts in case this continues. I ask for your patience please.

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Ambrose Sep 29, 2014

Dear Lenders/Mentor, Kindly note i have not been doing business properly with due to depression of stock performance thus caused closure of some of the stock. Kindly reschedule my amount to fit my performance with payment to be done on time and to have a good performance/relationship with my dearest lenders.. regards and hope to here from you soon, Ambrose

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Ambrose Sep 29, 2014

Dear lenders, am so sorry for the delay in payment. Am looking for ways in raising the amount to repay back on time. Kindly bear with me.

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- Ndungu Oct 3, 2014
  
  Thanks for communicating with us. I hope your business will improve soon.
  
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  - Ambrose Oct 4, 2014
    
    Thanks alot Mr. David and dear lenders.
    
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Ndungu Sep 17, 2014

Dear lenders, I spoke to Mr. Ambrose today and he promised to clear his arrears on Friday. Thank you for your patience.

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Ndungu Aug 20, 2014

Mr. Ambrose has just confirmed to me that he sent KES 1400.00 which is sufficient to clear his arrears. I have reminded him to be sending his weekly payments on time to avoid getting into arrears.

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Ndungu Aug 13, 2014

Dear lenders, I spoke to Mr. Ambrose yesterday and he said he will clear his arrears this week. Thank you for your patience.

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Ndungu Jul 27, 2014

Dear lenders,
I spoke to Mr. Ambrose today and he confirmed that he has resumed his loan payments.

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Ambrose Jul 21, 2014

Greetings Zidisha family. My apology for the late response concerning my payment for my loan. The main reason behind this is due to poor performance for the growth of the chicken. Am due to slaughter on 31st of this month. Have also reduced the number of stock which am keeping at the moment. as soon as the first payment is made from the sale i will pay my due payments in time to reduce any inconvinces caused. Kindly bear with me. Warm Regards, Ambrose

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Ndungu Jul 11, 2014

Dear Lenders, I spoke to Mr. Ambrose today and he told me that he will clear his unpaid installments on Monday. Thank you for your patience.

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Ambrose Jun 5, 2014

Due to climate change in the coast region it has become expensive to produce stock for sale as some of the stock do die along the way of growth. kindly accept my review of the the loan so as to earn trust to the lenders. Please and thanks in advance.
The normal production is normally a good sale point for buyer in the coast region. My last stock i was forced to sale while stock was not ready thus sold at a lower pricing.

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Ambrose May 10, 2014

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gardeningartist23 May 5, 2014

So glad that all turned out well for you, Mr. Baraka. Congratulations!!!

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- Ambrose May 6, 2014
  
  Thanks alot for the support. my business has developed well. will send pictures as how the progress of the business is doing.
  
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gardeningartist23 Mar 25, 2014

Wishing you success.

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- Ambrose Mar 26, 2014
  
  Thanks a lot
  
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