Entrepreneur
Name
Clare
Member since
February 2014
On-time repayments
115 installments • 97%
About Me
I have a diploma in business management and a trained secretary. Currently, I have begun a chicken farming business since I inherited a piece of land from my parents. My area of residence is Syokimau which is a big backyard. I started this business after being gifted 3 hens and 2 roosters. I have kept them for a whole year mainly for just eggs for home use. I recently started doing research on chicken farming and I found it to be very lucrative. I have so far expanded it and have a total of 2 roosters, 8 hens and 41 chicks.
My Business
So I plan to expand this business to sell eggs and chicken meat. Currently, I am getting 8 eggs every day which means it takes 4 days for a tray to fill up. So in a week, I have approximately 2 trays of eggs. I thereafter sell the eggs. Each tray fetches $6.50 so in a week I get $13. I spend $6 on feeds which last for two weeks. I also supplement the food with a garden I have in the backyard where they feed on greens. I already have the chicken coop which is spacious and laying points, sickbay in case of sickness. I also have feeders and drinkers. I am looking to get financial assistance to be able to buy more feeds especially for the chicks and also medication that is needed at times. My research showed that for this venture to be profitable, it needs the chicken to be more so that one can get more on eggs.
Loan Proposal
As I have found out in the course of running my business, variety always works. Having tested out selling ladies clothes and handbags, children's clothes, household rummages and cosmetics, I would like to apply a loan to help me buy all these items at once. This is because a person buying a particular item might see another item that they had not thought of buying and actual buy it.
I would also like to employ another person to help me with delivery of goods. This is because customers are located in different parts of the city. If I can have one person doing deliveries on one side of the town while I deliver in other parts of the city, I will be able to meet the customers' needs in a timely manner and also the goods can move faster and it will be less tiring. I will start out by contracting the person to deliver goods twice a week. In future I would also like to do deliveries all over the country.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jan 8, 2016
Repayment status
On Time
Projected term
3 months
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