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
Poultry projected development has been supported with with two previous loan fundings from Zidisha and has grown to an extent that it has been able to support me financially and enable the project employ two full time employees. The demand for chicken from the farm has now outstripped our supply and would now wish to push our chicken quantity to 500 by end of the year. This requires further expansion of the chicken house and addition of more chicks. The project requires an additional US$650 of which we can raise US$300 from our on going project. We are seeking an additional US$350 funding to successfully move project to the next stage of growth.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$384.00
Date disbursed
Jun 16, 2016
Repayment status
On Time
Projected term
4 months
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