Entrepreneur
Name
Mdoe
Member since
July 2014
On-time repayments
290 installments • 44%
About Me
Am a young man aged 31 years old.am a third born of six members of our family.our family is made up of seven menbers,six children and the mother.My father passed away in 2002.
I live in kenya at nakuru town.
I am a teacher by profession working at mission in action school.
i went through my primary school at githima primary in kuresoi.in 2001 i joined rift valley adventist secondary school untill 2004.
I later progressed to kamagambo teachers college in 2007 and graduated in 2009.
Am currently a4th year student at Kentatta university.
i like travelling,listening to music and watching movies.
am soo poor in choosing a meal to cook for dinner.
My Business
POULTRY FARM
I have 630 layers.
I collect a minimum of 18700 eggs per month converting to 623 crates each selling at $3.In total it earns me a total of $1870
The eggs produced are of good quality and therefore prefered by my customers.Apart from this eggs are in high demand in my town of residence.
The project expenses per month is as follows:
Food 2000kg $880
Medication $100
Electricity bill $10
Caretacker $50
Transport $50
Others $50
TOTAL $50
Profit $1190
Challenges.
The breaking of eggs during packing and transportation.
incase of a disease a hen is lost
Apart from the poultry farm i conduct private coaching where i attend to an average of 30 students in a month.Every student pays a fee of $5 monthly adding up to $150.The tution runs from 5.30pm-8.00pm every Monday-Friday.This is after am done with the employed work.
Loan Proposal
This loan will help me in the construction of laying nests for the birds.Once i get the loan I will buy the following materials to assist in the construction.
110piece of wood@$0.6 adding to$66
4kg nails@$1.7 adding to$6.8
Transport $3
Labor $8.9
In total the construction cost is$84.7
The remaining amount of$11.9 i plan to use it in purchasing 10 crates for storing and transporting eggs.Each crate goes for$1.1The total amounts to $11.
Construction of these nests and purchasing of the crates will prevent the eggs from breaking which in turn increases my profits.
The average number of eggs that break in a day is six.This is a loss of $0.7 per day and $20 a month.By constructing laying nests and buying crates this will turn to profits.
The new crates will save at least $2 daily as transport expense as the eggs will be transported once.
I look forward to your assistance.Thanks
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Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jan 7, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Republic of Korea
United Kingdom
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