Entrepreneur
Name
Vincent
Member since
April 2015
On-time repayments
67 installments • 18%
About Me
My name is Vincent kirima.I was born on 29th April 1994.I was 4 years old when i started my primary school at uruku day primary school where i completed my primary education in 2007 . I joined Meru school for my secondary education which i completed in 2011.My main hardship in life was when i completed my high school was raising a capital to start mu agribusiness which was about 50000ksh, including cost of putting up farm structures and acquiring chicken for rearing. The idea came to me when i needed money to look after my grandmother who needed medical help which would have been possible if i had an income generating project. i started keeping chicken since as a young boy my mother used to rear them and i could see the potential in the business. My home has a pleasant climate for chicken rearing since i can acquire left over foodstuffs from a neighboring school. Its not the ideal feed but since i was starting the business it had to do. in my free time i like reading books in agribusiness and also entrepreneurship articles. I also visit marimba farm which is a few meters from my home to get more education on chicken farming
My Business
About three months ago i decided to commercialize the project so as to generate substance and savings for my future family and i can say the project has picked well till i lost my fifty chicken from a bird disease that hit our market. The resources i had were channeled to make better chicken hatches this has brought a major setback as the clients that i had were still knocking at my door but i cant maintain the demand. I spend around 3000ksh on chicken feeds which in turn generates an income of about 6500ksh from sales of meat and eggs all the money generated from the chicken apart from adding on stocks and saving in three year fixed account which i plan to build a house.
Loan Proposal
i wish to acquire a brooder to enable me hatch my chicks without necessarily having a hen.this will help me greatly since it will enable me increase my flock tremendously increasing my monthly revenue from 6500kshs to around 11500kshs a month. it will roughly cost me around 6 dollars to acquire the brooder but it will be completely worth it. with the brooder i will begin hatching around 20 eggs to chicks which i will also start selling to boost my revenue. this increase will also enable me teach some of my local area friends on how to use a brooder in case they wish to venture in the same business.since i have been trained from marimba farm on how to use a brooder i wouldn't incur any extra cost in getting training .i will highly appreciate it if i was to get the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 13, 2015
Repayment status
Late
Projected term
16 months
Lenders
New York, United States
[email protected], Belgium
Geneva, Switzerland
United States
United States
Germany
United States
United Kingdom
United Kingdom
New York, United States
United Kingdom
United States
United States
Germany
United States
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