Funds to buy more rabbits

Catherine

Elldoret, Kenya

Funds disbursed

$0 to go

100% funded of $15 goal

0

days left

Entrepreneur

Name

Catherine

Member since

March 2017

On-time repayments

8 installments  •  0%

About Me

my name is Catherine, Chepchumba a resident of eldoret town, i went to Mary Hill primary school up to class eight, did well and joined the Moi Girls secondary school in Eldoret town, after finishing secondary school and managing to pass well, i joined the Eldoret Polytechnic to take a course in Agriculture.
Many people in Eldoret are engaged in food crop, cash crop and dairy farming, being a student of Agriculture i wanted to engage myself into a different kind of farming exercise that was kind of unique, i chose to do rabbit farming.
I had some money and chose to buy five female rabbits, the rabbits has multiplied very fast and at the money i have 50 rabbits. That is basically how i started the kind of farming.

My Business

i do rabbit farming and therefore the services that i offer is sale of rabbit meat and also the rabbit urine that has a lot of medicinal value, i manage to harvest the rabbit meet from the house that i have constructed for them and then sale the same to people who need it as medicine.
this goods that i offer is very useful because rabbit meat is so sweet and preferred to many than the red and white meat i therefore win a lot of customers, it is also useful because research has recently shown that rabbit urine has medicinal values.
i give much of the profits that i make back to the business because i want to make is a very big business in town that can be giving me a lot of money, i thus invest 90% of my income back into the business

Loan Proposal

i will add more female rabbits using this loan, with 14 us dollars, i will add 86 us dollars sum up the money to 100 us dollars and buy 20 more rabbits each at a cost of 5 us dollars
I will benefit so much from the additional stock of rabbits because with 70 rabbits, i can be harvesting 5 liters of rabbit urine each day and selling a litre at 20 us dollars. This will be a profit to me. Thank you so much looking forward to working with you guys

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

Mar 15, 2017

Repayment status

Late

Projected term

8 weeks

Lenders

Humble Bundle Community

San Francisco, United States

Ask Catherine a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$0.00

Amount remaining

$14.63

Expected completion

May 4, 2017

Status

Repaying late

Installment amount

$1.99

Repayment History

Expected Payments Actual Payments
Mar 16, 2017 $1.99
Mar 23, 2017 $1.99
Mar 30, 2017 $1.99
Apr 6, 2017 $1.99
Apr 13, 2017 $1.99
Apr 20, 2017 $1.99
Apr 27, 2017 $1.99
May 4, 2017 $0.70

Loading...