Increase the number of hens i will buy for sale at a profit

Moses

Malava, Kenya

100% repaid

Entrepreneur

Name

Moses

Member since

May 2017

On-time repayments

28 installments  •  43%

About Me

My name is Moses Indumuli, famously known as pastor in my village(muchanja). I have 8 children, 4 already have completed form 4. I manage to reach form two during our time. I decide to do chicken business becose in our community people like to eat hens(ingoko). Also, my wife also help me in rearing this hens when i bring home. Despite hardship we have in our area, i have been very hopeful and determined in my work that made me to pay school fees for my four children till secondary level, this becose i want them to live a better life than mine.

My Business

In aday i can buy five ingokos, one costing @$4, and sell @$5, making a profit of @$0.5. As well in a bad day i will have my $2. Why did i choose chicken business because luhiyas like eating chicken meat and therefore demand is high. Also, in our community chicken is a cultural pet and you wont miss to see in any homestead.

Loan Proposal

I buy and sell chicken, i buy one at ksh 450, and sell at ksh 500. With the loan i will be able to buy 3 hens, of which i will make a profit of ksh 150 per 3 hens. This will greatly increase my earning, and be able to repay back the loan in time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$13.00

Date disbursed

May 31, 2017

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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