Allan |
Huevos Tres en Uno, Our First Bam Project, is officially in business. Allan has made a few adjustments in his business plan, which I fully supported, thereby reducing his start up cost and the amount of the loan he had originally requested. So, I am pleased to announce that this first project IS FULLY FUNDED. We actually have a small balance left to help fund our next project, which we are working on. Until that time, no more funds are needed and we would prefer that those of you who may still be considering lending to BAM hold off until we have another project ready to go. It is an awesome feeling to be able to say, "Stop! No more giving!" Many, many blessings on each of you for your generosity to others.
We had dinner with Allan and Nicole a few nights ago. It was a beautiful evening. We wandered around the yard looking at "the girls".Yep, you heard right, we were checking out the chicks and Barbe and Nicole were right there with us!
I was once again impressed with Allan's resourcefulness. He has already bought a beautiful Rhode Island Red rooster and a few hens. Last week he and Nicole went with me to San Pedro Sula to purchase a 40 egg incubator. Allan has several months before his biggest buyer is ready to begin purchasing eggs, so he thought it would be more cost effective to incubate and hatch the chickens he needs. Instead of buying the 150 hens he has planned for, Allan will spend the next several months raising his own. There is still considerable cost involved. Your loans will be used to finance; the incubator, eggs and once the chicks have hatched, medicine and a lot of feed. All this before they even begin laying and paying their own way.
The Incubator
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Well, I just wanted to give all of you an update on the project. Thanks also to those of you who have encouraged us and shown interest in the project through emails. A good friend of mine who has his own little chicken farm has sent Allan useful information and advice from his own experience ...thanks for that as well. Still hoping you're gonna' come down and show us how it's done Ted.
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