Purchase of building materials and chicks for poultry business
Fredrick
Nairobi Embakasi, Kenya
100% repaid
Entrepreneur
Name
Fredrick
Member since
February 2015
On-time repayments
272 installments • 60%
About Me
I am Fredrick Najori Kevogo. Iwas born in 1983 and schooled at Evojo primary and Wangulu secondary schools respectively. I scored a c plus at the Kenya certificate Of Secondary Education Examinations. After secondary education i joined The Kenya poly technique where i studied a diploma in plant engineering but due to inadequate job opportunities, i joined chicken rearing to overcome my life's hardships. After a search for a good job without success, i invested the only amount that i had at that moment; ksh 15,000 in the construction of an iron sheets chicken house and stocked in three hundred chicks and some feeds. I stay in Embakasi area in the outskirts of Nairobi city which is a cosmopolitan area. There are no bigger lands but only plots. I wedded my lovely wife in July 2013 and currently we do not have kids. However, when God blesses us with them, we will teach them according to the word of God and allow them to select correct careers in their lives. My hobby is studying the bible and adventure and preaching to the nations of the earth through Internet the message of the cross and the blood of Jesus Christ in repentance and Holiness for the rapture of the church is near, and reading engineering books.
My Business
I rear and sell chicken, mostly broilers. These goods (chicken) are on high demand in this area because it neighbors the city. Many people do not keep chicken yet they are fond of eating chicken meat. This creates a good business climate full of clients. I chose this kind of business because of the little amount if money needed to start and because of the little duration it takes for one to start reaping the interests and profits. I consider the most typical costs to be those that i use to buy feeds and repairs on the chicken housing where as my profits and / or revenue comes from the selling of my mature birds. I mostly use the profit got from my business to re-invest in my business and home improvement.
Loan Proposal
If given the loan ,i will use it as follows extend the poultry house worth 3000 shillings of which the money will be used in buying iron sheets and nails and some saw dust for establishing the deep litter system.3000 for the purchasing of 30 chicks and 2000 for vaccination [parasite control]. 1000 shillings will be used purchase a source of energy for the emission of heat ( temperature stabilization ) for the chicks. i intend to sell the chicken as broilers at affordable prices that a common man can manage so as to make sure each and every body in my nation has good health in terms of balanced diet. I will calculate the ten percent of my profit to give out as tithe in the church, the remaining to re- invest and expand the project so that the entire community can get proud of. I will use the waste (droppings) on my banana farm as manure and sell some to the bio gas producers. I will still use some of the profit to improve my project as a seminar venue for people to be trained and be equipped with knowledge for survival . Thanks and may The God of Abraham bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 24, 2015
Repayment status
On Time
Projected term
6 months
Lenders
Newport, United States
Germany
United Kingdom
United States
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