Expansion of free range chicken project
Fredrick Ochanda
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Fredrick Ochanda
Member since
April 2015
On-time repayments
106 installments • 76%
About Me
I have six sisters and one brother. I have a college level of education and was formally employed until 2010 when I went into self employment. I became interested in free range chicken farming soon after and finally started a small poultry project which I want to move to the next level by not only increasing the number of chicken but also building a larger poultry house. After accomplishing the above two actions, I want to expand the project to include supply chicken feed to other poultry farmers. I have also bought a utility motor cycle to facilitate delivery of chicken orders to customers and other project running requirements
My Business
My poultry farming business currently has 480 chicken which depending on chicken orders from my customers can go up to 530 chicken. Next phase of development is to grow number of chicken I keep to 750 by the end of 2017. This business is of interest as demand for poultry products in the county where it is based is very encouraging. Initial start-up capital was US$160 which I raised from personal savings. My lenders through Zidisha have assisted me to develop the projects to where it has now reached. The income from this venture is good and will help me educate my children, cover other personal expenses and project running expenses. We have now established chicken sales outlets to which we supply poultry products , I will be able to handle the orders efficiently as we now have a delivery motor cycle which I purchased through the last loan I received through Zidisha Inc.
Loan Proposal
My initial free range chicken rearing program went very well with support from Zidisha lenders and team. I now have 80 chicken and would now want to grow the number to at least 400 by mid next year. I am in communication with buyers who took over 40 chicken from my first project and their demand is in the region of 130 - 150 per month. This up take during the first loan helped me repay loan in time. I plan to take project to the next stage. I plan to expand the chicken house and increase the number of chicken during this festive seasons to meet demand and satisfy my customers chicken requirement. The expansion of the business should raise my profit between 15 - 20%
thanks for every support.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$190.00
Date disbursed
Dec 3, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
Canberra, Australia
Summary
Amount repaid
$199.72
Amount remaining
$0.00
Date repaid
Apr 27, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 13, 2015 | $10.00 | Dec 14, 2015 | $10.00 |
| Dec 20, 2015 | $10.00 | Dec 20, 2015 | $10.00 |
| Dec 27, 2015 | $10.00 | Dec 27, 2015 | $10.00 |
| Jan 3, 2016 | $10.00 | Jan 3, 2016 | $10.00 |
| Jan 10, 2016 | $10.00 | Jan 10, 2016 | $10.00 |
| Jan 17, 2016 | $10.00 | Jan 17, 2016 | $10.00 |
| Jan 24, 2016 | $10.00 | Jan 26, 2016 | $10.00 |
| Jan 31, 2016 | $10.00 | Jan 31, 2016 | $10.00 |
| Feb 7, 2016 | $10.00 | Feb 7, 2016 | $10.00 |
| Feb 14, 2016 | $10.00 | Feb 15, 2016 | $10.00 |
| Feb 21, 2016 | $10.00 | Feb 24, 2016 | $10.00 |
| Feb 28, 2016 | $10.00 | Feb 28, 2016 | $10.00 |
| Mar 6, 2016 | $10.00 | Mar 7, 2016 | $10.00 |
| Mar 13, 2016 | $10.00 | Mar 14, 2016 | $10.00 |
| Mar 20, 2016 | $10.00 | Mar 20, 2016 | $10.00 |
| Mar 27, 2016 | $10.00 | Mar 29, 2016 | $10.00 |
| Apr 3, 2016 | $10.00 | Apr 4, 2016 | $10.00 |
| Apr 10, 2016 | $10.00 | Apr 10, 2016 | $10.00 |
| Apr 17, 2016 | $10.00 | Apr 17, 2016 | $10.00 |
| Apr 24, 2016 | $9.72 | Apr 27, 2016 | $9.72 |
Ask Fredrick Ochanda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.