Mugendi
Kinoo - Kikuyu, Kenya
100% repaid
Name
Mugendi
Member since
February 2015
On-time repayments
210 installments • 42%
As a young boy in the early seventies, I was raised at the eastern slopes of Mt Kenya where survival and adventure went hand in hand. Though schooling was not interesting for most of my peers, I somehow got fascinated with learning which led me to stay on to complete both elementary and high school. This drew a clear line between my destiny and that of most of my age mates' setting us on two different paths in life.
After completing high school, I secured a place in one of the leading mid-level colleges in the city of Nairobi where I was enrolled for a diploma course. On completing my course, I set out to seek for a job. After six months is when I got one with a freight forwarding and logistics company. Considering the challenges I faced while seeking for the job, I endeavored to one day start my own business where I can also be an employer.
It was rather unfortunate that after working for the company close to ten years, it started declining as a result of mismanagement and funds misappropriation by the directors. By the time I decided to quit, I had worked for ten months without a salary. All this time I survived on my savings which were also draining out considering that I already had a family. After another search for a job for three months without success, I made an interestingly radical decision; to volunteer my time and services to an orphanage (children’s’ home). By this time, paying house rent and my children’s’ school fees was a big challenge. This is when I knew true value of friends in life because a number of them came to my rescue on many occasions.
In the midst of all this, I realized there was a sufficient space just beside my house. Thinking of how to utilize it, an idea of poultry keeping popped up and it was like a new dawn to me. I had to squeeze out of the little allowance I get from the orphanage to construct a chicken coop. I also managed to buy five mature indigenous chickens. This brought a lot of excitement to my wife, daughter and our three sons. Actually one of my boys was so inspired by the whole issue till he now desires to be a vet doctor. This small venture has to some good extent relieved our financial challenges.
My first born daughter is currently in 9th grade desires to become a medical engineer. The eldest son in the 5th grade wish to become a pilot and his immediate brother in the 4th grade would wish to be a vet doctor. The last born son desires to be a computer engineer. They all have challenged me to work harder to facilitate them achieve their dreams.
Most of my refreshing moments are when am with my family at home, church and out visiting. Other precious moments are with the orphanage kids especially hiking up the hills and running around the home.
Am currently rearing chicken next to my rented house. This provides both meat and eggs both for sale and family consumption. Later on, am considering adding other types of birds like gees, turkey, ducks, pigeons and other kinds of domestic birds. I supply to individual consumers and several retail outlets.
The community around where I operate mostly buys both chicken meat and eggs from the butcheries and the stores respectively. This has given me an advantage because my products are both fresh and lower in prize in comparison with the butcheries and the stores thus attracting customers.
My choice of poultry keeping was initially as a result of the space available and the convenience of being next to my house. After further survey, I noted the demand for the products was high particularly because it’s a residential area and most the residents find it easier to buy from me. My other consideration was that it did not require a lot of capital to start. Am also glad that chicken rearing has given my family an easy access to sufficient and affordable protein diet.
Much of the costs are for buying chicken feed and lighting the chicken coop. This takes close to 30% of the total sales. Other expenses include medicines, packaging, and deliveries though they are short distances. At times I spend on repairs for the chicken coop.
The incomes from chicken rearing have helped me pay for my children’s school fees. I have four kids, of whom one is in high school and three in elementary school. All these have been in private schools which are quite expensive but offer more quality education than the public schools. I have also been using some of the proceeds to feed the family and also add a few more birds when the financial burdens are not very heavy on me.
With this loan, I will be able to expand my chicken coop and add to my livestock an extra 20 chicken. The chicken coop expansion will cost approximately 65 US dollars while mature hens that are almost to start laying or which have just started laying eggs costs 6 US dollars.
20 extra hens will add to my eggs production daily. This will lead to more supplies to my current customers and even leading to additional customers.
With 20 more eggs each day, I expect an extra weekly income of around 28 US dollars. I intend to focus more on loan repayments. With a weekly repayment of around 21 US dollars, I shall have an extra 7 US dollars for feeds and medication.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$201.00
Date disbursed
May 21, 2015
Repayment status
On Time
Projected term
8 months
Other loans
Amount repaid
$211.32
Amount remaining
$0.00
Date repaid
Sep 18, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 31, 2015 | $14.08 | Jun 2, 2015 | $14.08 |
Jun 7, 2015 | $5.56 | Jun 6, 2015 | $5.56 |
Jun 14, 2015 | $5.56 | Jun 16, 2015 | $5.56 |
Jun 21, 2015 | $5.56 | Jun 21, 2015 | $5.56 |
Jun 28, 2015 | $5.56 | Jul 1, 2015 | $5.56 |
Jul 5, 2015 | $5.56 | Jul 11, 2015 | $5.56 |
Jul 12, 2015 | $5.56 | Jul 12, 2015 | $5.56 |
Jul 19, 2015 | $5.56 | Jul 19, 2015 | $5.56 |
Jul 26, 2015 | $5.56 | Jul 25, 2015 | $5.56 |
Aug 2, 2015 | $5.56 | Aug 2, 2015 | $5.56 |
Aug 9, 2015 | $5.56 | Aug 15, 2015 | $5.56 |
Aug 16, 2015 | $5.56 | Aug 22, 2015 | $5.56 |
Aug 23, 2015 | $5.56 | Aug 30, 2015 | $5.56 |
Aug 30, 2015 | $5.56 | Sep 8, 2015 | $5.56 |
Sep 6, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Sep 13, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Sep 20, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Sep 27, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Oct 4, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Oct 11, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Oct 18, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Oct 25, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Nov 1, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Nov 8, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Nov 15, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Nov 22, 2015 | $5.56 | Sep 15, 2015 | $5.56 |
Nov 29, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
Dec 6, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
Dec 13, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
Dec 20, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
Dec 27, 2015 | $5.56 | Sep 18, 2015 | $5.56 |
Jan 3, 2016 | $5.56 | Sep 18, 2015 | $5.56 |
Jan 10, 2016 | $5.56 | Sep 18, 2015 | $5.56 |
Jan 17, 2016 | $5.56 | Sep 18, 2015 | $5.56 |
Jan 24, 2016 | $5.56 | Sep 18, 2015 | $5.56 |
Jan 31, 2016 | $5.56 | Sep 18, 2015 | $5.56 |
Feb 7, 2016 | $2.80 | Sep 18, 2015 | $2.80 |
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