Livestock (poultry & goats) & crop farming
Gedion
Eldoret, Kenya
34% repaid
Entrepreneur
Name
Gedion
Member since
July 2015
On-time repayments
285 installments • 93%
About Me
I was born in 1954 in Western Kenya that is now Kakamega County in Butere District .
I went to Primary School between 1969 to 1976 in Butere .
In Secondary School I went between 1979 to 1980 in Kisii .I am married to one wife with six children all of them are grown up ,they have graduated from the university and are taking care of themselves.
After High school a got a casual job with world vision kenya and I worked with them for 10 year.Their after out of my savings that I got during employment I used it to develop a business (poultry farming) with my wife.
My Business
As stated when I was giving my Biography, I and work with my wife in the poultry farm.We have also diversified and are now trying crop farming and animal rearing.
The Poultry farm has been in existence for over five years . We supply live chicken to the neighbors and also eggs . Due to consistency since we started we have a stable customer base.
The business is profitable because there is high demand for white meat and especially the local chicken which is what we are keeping and also the eggs which are preferred by most people.
The main challenges are diseases and feed which are very expensive especially when the birds are few in number.
My typical monthly cost of running the business is approximately US$300 while gross profit or income before these expenses is usually approximately US$480.
I have started diversifying my agribusiness to include goat keeping n half acre maize cropping to help feeding
I believe that the funding will come because if I get it now I will be able to buy many birds in readiness for the market.
We have from last year seen the need to diversify including in our business crop growing and a few animals which are doing well.
Loan Proposal
Raising and Restocking 70 chicks with feeds kshs 50, 000
Vaccines to keep them healthy Kshs 30, 000
Crop farming to subsidize feeding Kshs 30,000
Goat feeds and Vaccines Kshs 40,000
Piloting Improved chicken Kshs 20,000
Improving chicken house Kshs 10,000
Income Source
I am optimistic that 2021 year will be a better year than last year. I expect the economy to grow and therefore increase in eggs demand and consumption.. Eggs and chicken meat is vital components of foods that ordinarily cannot be escaped. Therefore demand will definitely there and hence I will make reasonable money to enable me pay. Since I joined zidisha I have never defaulted in my loans and I don't intend to start.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,723.00
Date disbursed
Mar 20, 2021
Repayment status
Late
Projected term
6 months
Other loans
Lenders
Toronto, Canada
Houston, United States
United States
United States
United States
United States
United States
Ask Gedion a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Oct 12, 2017
Loading...