Loan to buy solar powered lighting and egg hatchery machine
Esther
Nyasumbi Village, Kasgunga, Kenya
12% repaid
Entrepreneur
Name
Esther
Member since
May 2015
On-time repayments
138 installments • 76%
About Me
I am Esther Ogutu, 53years of age. I am married to Mr. Olela Odongo of Kasgunga Ward in Homa Bay County. Our marriage is blessed with six children (4 boys and 2 daughters). Am the 2nd born in a family of 6. Grew up in a rural set up hence adhered to the hard times and tough conditions but I thank God I made it through. Attended primary education in my rural village of Mihuru in Homa Bay County hence started having a keen interest in owning up my own business in future.
I did not continue with my education after sitting for my primary education final examinations in 1980. I got married and since my husband was unemployed, we had a good opportunity to start an income generating activity that could financially support our young family. This is what led us to start small-scale poultry keeping in mid 80's and we have done it on a relatively small scale but on a sustainable basis to date.
My hobby is watching nettball and visiting the needy in orphanages and hospitals whenever am free.
My Business
I am doing poultry rearing (indigenous chickens for meat and eggs laying). The business has been facing a series of challenges due to chicken sicknesses and lack of chicken vaccinations. I am seeking a low interest loans to enable expand my business and do a profitable venture as there's a huge demand of eggs in my Mbita community as this is a fishing community and eggs are in high demand.
My eyes are still set on my long-term goal of being one of the major egg producers in my locality. I will certainly not be able to realize this goal without continuing to expand my business. I now have 150 chicks that I bought and have started to lay eggs that I supply to local hotels and other establishments with a good return. It is for this reason that I want to expand my business further to meet demand for eggs that I know for sure will still grow.
I now wish to improve my old dilapidated chicken house in which I will be able to house a big number of layers. This is with the aim of realizing my long-term goal of being one of the major egg producers in my locality.
Loan Proposal
I am seeking a loan of KES 85,625 to enable me purchase solar-powered lighting and Egg Hatchery Machine that in total would cost a total of KES 43,000. The difference of KES 40,000 will be used to buy 100 chicks for keeping in my poultry farm, I will use KES 2,625 to repair my poultry housing.
The new loan will enable me to improve my income by 40%. Thanks to ZIDISHA lenders for financially supporting my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$846.00
Date disbursed
Sep 10, 2017
Repayment status
Late
Projected term
190 months
Other loans
Lenders
Halifax, United Kingdom
United States
Toronto, Canada
United States
Netherlands
Jake Gibson and Beverly Picardo
San Francisco, United States
Vancouver, Canada
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Summary
Amount repaid
$121.68
Amount remaining
$725.37
Expected completion
Jun 8, 2018
Status
Repaying late
Installment amount
$32.59
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 22, 2017 | $39.57 | Sep 17, 2017 | $19.78 |
| Sep 24, 2017 | $19.78 | ||
| Sep 29, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Oct 6, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Oct 13, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Oct 20, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Oct 27, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Nov 3, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Nov 10, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Nov 17, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Nov 24, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Dec 1, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Dec 8, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Dec 15, 2017 | $0.99 | Oct 11, 2017 | $0.99 |
| Dec 22, 2017 | $32.59 | Oct 11, 2017 | $27.70 |
| Dec 17, 2017 | $4.89 | ||
| Dec 29, 2017 | $32.59 | Dec 17, 2017 | $14.90 |
| Jan 5, 2018 | $32.59 | ||
| Jan 12, 2018 | $32.59 | ||
| Jan 19, 2018 | $32.59 | ||
| Jan 26, 2018 | $32.59 | ||
| Feb 2, 2018 | $32.59 | ||
| Feb 9, 2018 | $32.59 | ||
| Feb 16, 2018 | $32.59 | ||
| Feb 23, 2018 | $32.59 | ||
| Mar 2, 2018 | $32.59 | ||
| Mar 9, 2018 | $32.59 | ||
| Mar 16, 2018 | $32.59 | ||
| Mar 23, 2018 | $32.59 | ||
| Mar 30, 2018 | $32.59 | ||
| Apr 6, 2018 | $32.59 | ||
| Apr 13, 2018 | $32.59 | ||
| Apr 20, 2018 | $32.59 | ||
| Apr 27, 2018 | $32.59 | ||
| May 4, 2018 | $32.59 | ||
| May 11, 2018 | $32.59 | ||
| May 18, 2018 | $32.59 | ||
| May 25, 2018 | $32.59 | ||
| Jun 1, 2018 | $32.59 | ||
| Jun 8, 2018 | $13.54 | ||
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