Rabbit raising to pay school tuition
Kennedy
Nairobi, Maringo Estate, Kenya
$0 to go
100% funded of $453 goal
0
days left
Entrepreneur
Name
Kennedy
Member since
October 2013
On-time repayments
113 installments • 7%
About Me
I am a Fifth year electrical engineering student from Technical University of Kenya. I com from a family of five, two boys and three girls. I live in Nairobi's Maringo Estate, which is just off Jogoo Road past Rikana Restaurant.
My house number is Door Number seven (7), Plot number Twenty One (21).
I rear rabbits for a living and also a part time academic writer.
I stated the rabbit rearing as business after having so much love for rabbits as I grew from a family where my parents loved keeping them for food at home. I choose to venture to business in the same direction since I understood well how to keep them.
When I am not taking care of my rabbits and not in school, I do part time academic writing mostly in the field of Engineering, especially Electrical Engineering which I very well understand since I have a background in it. This has proved to be very vital in that I have managed to understand a lot to do with the various disciplines in engineering.
My Business
I will use income from my rabbits business and academic writing to cater for the loan granted by Zidisha.
Rabbit keeping as a business here in Nairobi Kenya is a very lucrative business with a Kilo of rabbit meat going for Ksh. 500 on the lower side. I have a wide customer base and even at times its rather hard to satisfy the demanding market. I ensure that my rabbits are clean and healthy and hardly a day ends before I clean and ensure that they are in good condition. This has enabled me be a force to reckon with in the business as my rabbits always fetch a higher price than those of my competitors.
The business at times faces drawbacks when there are disease outbreaks when least unexpected for instance snuffles, internal and external parasites, overgrown incisors, uterine problems (infections or cancer), and sore hocks. That's why keen care should be given to them.
Typically within a month I make Ksh. 20,000 from the rabbit business and Ksh. 10,000 from academic writing giving a total income of Ksh. 30,000 on average which I use to cater for my expenses at home, school and for my business. This has also enabled me take care of part of my younger siblings education.
Loan Proposal
I will use the loan to build 3 new rabbit houses. One house is going to cost me Ksh. 12,500 which is approximately $ 146.850 each. This includes the budget for each house as follows:
Iron Sheets : Ksh. 3000
Wire Mesh: Ksh. 2500
Wood: Ksh. 3000
Ply wood: 2000
Nails, Metal L-brackets to support the cage: Ksh. 1000
Pressure-treated 4×4 four posts for the legs of the hutch: Ksh. 1000
I will make the hutches together with assistance of my brother and friend, hence subsidized labour.
The above budget is for one rabbit hutch, but I will build 3 since the one I currently have is actually full and my rabbits are really multiplying and as well there's increased demand for them too.
Also, relevant advice with regard to the same is highly welcome.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$453.00
Date disbursed
Mar 22, 2014
Repayment status
Late
Projected term
24 months
Other loans
Lenders
Brussels, Belgium
Fort Wayne, United States
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