Increasing the number of chicks to expand my chicken rearing business
Eida
Kitengela, Kenya
100% repaid
Entrepreneur
Name
Eida
Member since
April 2015
On-time repayments
174 installments • 36%
About Me
My name is Eida kioko. Am 33 years old and married. I have 4 children, three girls and one boy.I was brought up by my parents and am the third born in our family. I finished my secondary school in the year 2000. I have my 3 children in primary school. The little one 2 years old. We live in Kitengela town which is one of the fastest growing towns in Kenya hence good for business ventures.I began raring chicken in 2007 which is doing well and helping me bring up my family. Thank you.
My Business
My chicken rearing business has proved to be a good and promising one because I do it at home.My husband has been supporting me by inputting finances to buy one day old chicks. The chicks mature in 4 months time when I take them to the market and sell them.I normally buy a hundred chicks @ a cost of 1 dollar each and in maturity I sell each @11 dollars. After deducting my expenses I get a profit of between 3 to 4 dollars per chicken.The aim of my applying for 100 dollars from is to add the number of chicks from 100 to 200 chicks. The profit I get helps me in the betterment of my children education. After zidisha gives the the loan, I have a proper arrangement with my husband who is on salary to help me pay back the loan.I will appreciate so much if you consider helping me better my business. Thank you.
Loan Proposal
As i have talked about my business,I propose to borrow the mentioned amount of money to buy a100 one day old chicks.That will cost me around 60 dollars and the remaining and the remaining 40 dollars I intend to use it for buying the chicken foods which will be very much needed. T his loan will be very useful because am adding more chicken to already what I have. This will increase my profit by half.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 28, 2015
Repayment status
On Time
Projected term
4 months
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