Livestock&poultry business

Barnabas

Mwingi , Kenya

100% repaid

Entrepreneur

Name

Barnabas

Member since

December 2016

On-time repayments

21 installments  •  24%

About Me

My name is Barnabas Kimotok from kenya,am 33 years old and I work for the government of Kenya as a civil servant.Besides being an employee,I also engage in livestock farming whereby I keep goats for both domestic and commercial purposes.
I normally buy 5 goats per week at a lower price and resell them at a profit.
The profit I make is used to purchase household goods.

My Business

My main source of income is a monthly salary from my employer who pays me a monthly salary of kshs 30,000.I also get additional income from sale of livestock,specifically goats.

I normally buy 5 goats per week at a lower price and resell them at a profit.
The profit I make is used to purchase household goods.

Loan Proposal

When i get the Kshs 749,i will purchase two hens at Kshs 350 each.
The remaining balance of Kshs 49 will be used to purchase 5 eggs at Kshs 10 each after adding Kshs 1 to make it Kshs 50.
Thereafter i will resell the two hens for Kshs 400 each ,yielding a profit of Ksh 100.The 5 eggs will be boiled and sold at Kshs 20 each hence getting a profit of Kshs 50.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Sep 10, 2017

Repayment status

On Time

Projected term

8 weeks

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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