Loan to buy 100 indigenous egg laying hens(poultry)
Peter
Moisbridge, Kenya
100% repaid
Entrepreneur
Name
Peter
Member since
March 2015
On-time repayments
266 installments • 20%
About Me
Hello Lender,
It is long-time seek a loan due to business being affected by flood but I thank God am back in my foot and repaid my loan.
Currently I keep poultry and I have a stock of 200 hen donated by self help group. The chickens are laying eggs that has facilitate payment of my loan. I intend to add more because I have master the art of business.
My Business
I rear chicken as agribusiness and I have reared 200 birds. I want to increase my stock to 400 to generate an income of $20 per after deduction of expenses.
Loan Proposal
I sincerely thank you for lending me $50 which help me buy 10 indigenous hens. I am borrowing $135 to top up to my saving so that I will be able me buy 100 indigenous egg laying hens that will give approximately 1000 eggs per months. I will put 264 eggs in my incubator, the remain ones I will sell to my village dwellers at $ 0.30 and some I will set a side for family to feed on as protein (food).
My profit will increase to $400 which will enable me repay the loan on time, reinvest back in business and pay school fees to my kid and young siblings.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$135.00
Date disbursed
May 11, 2015
Repayment status
On Time
Projected term
8 weeks
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