Feeding area fencing for my free-range poultry farm
Fredrick Ochanda
Nairobi, Kenya
4% 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 free range poultry project need to be secured and additional growth added requiring a total of investment of US$1450. Of this amount, I will raise US$600 from the business and request a loan of US$850 through Zidisha. Of these funds US$950 will be used to fence a larger area in which the chicken feeds to keep the chicken safe from predators to which we have lost several chicken and also to stop the chicken from straying to beans gardens around the project area. I also want to purchase a small egg incubator(100 eggs) costing US$250 to supply the project with chicks. Given our suitable location, I will set up a small chicken feed supply outlet as an additional business to sell chicken feed in my locality which will need US$250 to set-up and stock with chicken feeds. From these developments I will add two more employees to the project to generate a minimum of fifteen per cent more profit to the project.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$846.00
Date disbursed
Aug 9, 2017
Repayment status
Late
Projected term
23 months
Other loans
Lenders
Østre Gausdal, Norway
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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