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.
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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
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