Need a cow and a goat to expand my local butchery business
Edwin
Kokotoni, Kenya
2% repaid
Entrepreneur
Name
Edwin
Member since
April 2015
On-time repayments
64 installments • 64%
About Me
I'm a single 22 years old, third born in a family of four from Sirisia village in Bungoma county western Kenya. I have been blessed by both parents who supported me with çare and also education where I started my primary education up to secondary education, but I didnt proceed due to lack of finance. One year after my education, I joined my older brother who was working in a slaughter in kasameni kwale county coast Kenya, and I work with him for one year. Due to work challenges like overworking and working during the night, I decided to start my own small butchery with small amount of money which I have invested and also a support from my brother. I like watching movies and listening to music during my free time.
My Business
I sell cow and sheep meat which is highly demanded, as big percentage of human beings use it as their best favorite food and also does not have a high competition, because it requires large amount of capital to start, so many people cannot afford it. I chose and like my business because it is non seasonal, it moves faster and has high profit. I spent my profit to support my parents ,to overcome my needs and to upgrade my business.
Loan Proposal
My dear lenders, if I get the loan I will add my meat stock. I started my business with 50 kg of cow meat and 20 kg of goat meat, and after my first loan when I got a cutting machine, my stock was increased. Then on my third loan, I bought a freezer and managed to add 30% of my stock . My plan with this loan is to buy my own cow and goat to slaughter myself. The project will cost me $700 to which I will add from my savings. Also here on the coast many people like fish, so I am still planing to start with a small stock which will cost $98.51. I hope for now the stock is enough for my business and will help me to serve many of my customers at a time without rushing, so saving my time and money. Also my profit will increase in a certain %.
About Me
Am single 22 years old third born in a family of four from sirisia village from Bungoma county western kenya.İ have been blessed by both parents who supported me with çare and also education where İ started my primary education up to secondary education but İ didnt proceed due to lack of finance.öne year after my education,İ joinedmy older brother who was working in a slaughter in kasameni kwale county coast kenya and work with him for öne year.due to work challenges in work like overworking and working during night İ decided to start my own small butchery with small amount of money which İ have invested and also a support from my brother I like wathing movies and listening music during my free time
My Business
İ sell cow and sheep meat which iş highly demanded as big percentage of human being use it as the best fovourite food and also does not high competition because it requires large amount of capital to start so many people cannot afford.I choose and like my bussiness because it is non seasonal,it moves faster and has high profit.I spent my profit to support my parents ,to overcome my needs and to upgrade my business
Loan Proposal
my dear lenders,if i get the loan i will add my meat stock.i started my business with 50 kg of cow meat and 20 kg of goat meat and after my first loan when i get a cutting machine my stock was increased then my third loan i bought a freezer and managed to add 30% of my stock .my plan with this loan is to buy my own cows and goat and i slaughter my self.the project will cost me $700 which i will add from my savings.also i here in coast many people like fish meat so am still planing to start with small stock which will cost $98.51.i hope for now the stock is enough for my business and will help me to serve many of my customers at a time without
rushing so saving my time and money.it will increase my profit up to 80%
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$551.00
Date disbursed
Mar 29, 2016
Repayment status
Late
Projected term
65 months
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Summary
Amount repaid
$13.90
Amount remaining
$564.65
Expected completion
Oct 16, 2016
Status
Repaying late
Installment amount
$42.31
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 10, 2016 | $1.81 | Apr 12, 2016 | $1.81 |
| Apr 17, 2016 | $2.01 | Apr 20, 2016 | $2.01 |
| Apr 24, 2016 | $0.00 | ||
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $1.01 | May 20, 2016 | $1.01 |
| May 22, 2016 | $1.01 | May 20, 2016 | $1.01 |
| May 29, 2016 | $1.01 | May 20, 2016 | $1.01 |
| Jun 5, 2016 | $1.01 | Jun 6, 2016 | $1.01 |
| Jun 12, 2016 | $1.01 | Jun 6, 2016 | $1.01 |
| Jun 19, 2016 | $1.01 | Jul 15, 2016 | $1.01 |
| Jun 26, 2016 | $1.01 | Jul 15, 2016 | $1.01 |
| Jul 3, 2016 | $1.01 | Jul 15, 2016 | $1.01 |
| Jul 10, 2016 | $1.01 | Jul 15, 2016 | $1.01 |
| Jul 17, 2016 | $42.31 | Jul 15, 2016 | $1.01 |
| Jul 24, 2016 | $42.31 | ||
| Jul 31, 2016 | $42.31 | ||
| Aug 7, 2016 | $42.31 | ||
| Aug 14, 2016 | $42.31 | ||
| Aug 21, 2016 | $42.31 | ||
| Aug 28, 2016 | $42.31 | ||
| Sep 4, 2016 | $42.31 | ||
| Sep 11, 2016 | $42.31 | ||
| Sep 18, 2016 | $42.31 | ||
| Sep 25, 2016 | $42.31 | ||
| Oct 2, 2016 | $42.31 | ||
| Oct 9, 2016 | $42.31 | ||
| Oct 16, 2016 | $15.66 | ||
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