Electronic and electrical shop

Fredrick

Nairobi Embakasi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Fredrick

Member since

February 2015

On-time repayments

272 installments • 60%

About Me

I am Fredrick Najori Kevogo. Iwas born in 1983 and schooled at Evojo primary and Wangulu secondary schools respectively. I scored a c plus at the Kenya certificate Of Secondary Education Examinations. After secondary education i joined The Kenya poly technique where i studied a diploma in plant engineering but due to inadequate job opportunities, i joined chicken rearing to overcome my life's hardships. After a search for a good job without success, i invested the only amount that i had at that moment; ksh 15,000 in the construction of an iron sheets chicken house and stocked in three hundred chicks and some feeds. I stay in Embakasi area in the outskirts of Nairobi city which is a cosmopolitan area. There are no bigger lands but only plots. I wedded my lovely wife in July 2013 and currently we do not have kids. However, when God blesses us with them, we will teach them according to the word of God and allow them to select correct careers in their lives. My hobby is studying the bible and adventure and preaching to the nations of the earth through Internet the message of the cross and the blood of Jesus Christ in repentance and Holiness for the rapture of the church is near, and reading engineering books.

My Business

I rear and sell chicken, mostly broilers. These goods (chicken) are on high demand in this area because it neighbors the city. Many people do not keep chicken yet they are fond of eating chicken meat. This creates a good business climate full of clients. I chose this kind of business because of the little amount if money needed to start and because of the little duration it takes for one to start reaping the interests and profits. I consider the most typical costs to be those that i use to buy feeds and repairs on the chicken housing where as my profits and / or revenue comes from the selling of my mature birds. I mostly use the profit got from my business to re-invest in my business and home improvement.

Loan Proposal

i am fredrick kevogo of whom through the first loan you gave me i did much in the development of my village through offering learning ground for agriculture pupils in the neighboring primary schools of which on the other hand issued me an opportunity to earn an extra income apart from the income gained through the sales of chicken meat. the poultry has grown lager for i have more customers. the project gave me opportunity to participate in the District agricultural competition of which i emerged the best and became proud of it. Due to that i decided to expand my project and involve my wife to continue with the poultry project as i start the electronic and electrical shop. I want to make sure that through the second loan that my lenders want to fund towards my electronic and electricals is going to bring a big improvement in my village. In my country there is now electrification of homes going every where in homes due to the use of geothermal power from Naivasha .causing high demand of electrical supplies and electronics in my village . in my village that is populated by more than 50 thousand people have only ten houses equipped with power. this shop in the next 3 months is said to have employed at least 2 youth from my village.The shop needs 70,000 of which i already have 50,000 i got from the profit during the sales of the poultry products.if given the requested loan then my village will go to the next level in development.