Entrepreneur
Name
Lawrence
Member since
May 2014
On-time repayments
151 installments • 28%
About Me
Am the first born male from a family of four siblings,am single and i came from a nuclear family.we are Christians.
we live in the upcountry in the coast of kenya a village called bondora.
i just finished my university education know am waiting for my graduation.
i am an entrepreneur dealing with rearing of chickens.
i started this business with the aim of been my own boss and be able to support my family and self to.
i studied for my o-levels in nairobi after which i was admitted to pwani university in kilifi.
from my earnings i purchase tools for expansion and pay bills which i receive from the work.also am able to solve my financial problems.
among my hobbies i love traveling and reading motivational books.
i love socializing with my friends when am free to be able to expand my knowledge about life.
one thing l came to know about life is that with patience and perseverance one is able to be successful.
My Business
My business is a small scale business,am a poultry farmer who keeps broilers.i started this business because i realized there is a gap(niche) from the society.
My potential customers are from the factory near by called (athi river mining).
my customers prefer my products because i maintain cleanliness and my chickens are kept in a clean place and the services i offer them are in a favorable price.
i got high demand since there are small hotels which are coming up and they need chicken for their customers and also with the huge population from the company,i have to expand the business so as to satisfy the growing market.
the business is very profitable in that the sale of one chicken gives you a double return compared with how you bought that chicken while it was a chick.
the risk my business faces are from diseases which the chickens get and the ever hiking food cost from the market.
my monthly cost adds up to 30,000 from buying food and treating the chicks,2000 for paying my workers,2000 monthly water and electricity bills.
sales revenue adds up to 44000 hence a profit of 10,000.
Loan Proposal
With the loan which i would be given,I will be able to expand my business,
By expanding I mean that l will buy new firm products e.g the chicken feeders (5) which each cost US dollars 8.97=US dollars 44.85.With the buying of more chichen feeders cans I will be able to reduce congestion among the chicks while they feed.
With the rest of the cash i will buy more chicks,i came to this conclusion because my market is increasing hence i need more stocks.This will approximately be US dollars 56.10.,
the remaining amount i will be able cover other miscellious expenses like buying the chicks thier feeds and be able to pay my workers.
I would request the lenders to support my purchases because this are the major handles i have been facing in my quest for expanding my small business to something big.
the benefits which the loan would later bring are very numerous since with the growing popul;ation in the county and the upcoming enterprises i will have a wide market base and i will be able to satisfy the demands.
your assistance will be highly appreciated.
thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$139.00
Date disbursed
Jul 2, 2014
Repayment status
On Time
Projected term
6 months
Other loans
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