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
Thanks once again to my lenders. I am applying for this loan to increase my chicken stock. This time I want to buy 72 chicken 2 months old for better and quicker profit. Each chicken will cost me 50 dollars.The plan is to sell them at maturity which is after 2 months which means they will be 4 months old. The selling price will 100 dollar each. That way I will be able to double my profit. I trust my lenders will support and help me in this project. Thank you so much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$361.00
Date disbursed
Feb 23, 2016
Repayment status
Late
Projected term
32 months
Other loans
Lenders
Oslo, Norway
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