Purchase chicks for my poultry farm

Catherine

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Catherine

Member since

July 2017

On-time repayments

83 installments  •  54%

About Me

Hallo Zidisha Team,

I'm an entrepreneur working on dairy and poultry farming. I started of with poultry farming specifically to raise my living standard and care for my ailing mother who is now disabled after a road accident.

I worked hard in the poultry farmer and through Zidisha, I was able to rear over 300 chicken for sale of meat and eggs.

This venture really improved my standard of living and was also care for my mother.

My ultimate goal was to venture into dairy farming of which I now have 4 milkers with a production of 65 litres a day. This was possible after I sold a parcel of land I had acquired years ago. I practice zero grazing so I have to buy fodder and water for the cows. They are now all incalf and start calving down late July consecutively.

I thank zidisha Team for enabling me get this far especially when I needed funds for purchasing feeds, poultry equipment and even buying the chicks.

I look forward to your help whenever I need it.

Thank you.

My Business

My business currently is mainly dairy farming. I have 4 milkers (Holstein Fresian cows) with an average production of 65 ltrs currently. They are almost calving down (due) starting end July this year.

The milk sales are at us$. 50 wholesale and. 60 per ltr retail . The milk is sold to households, hotel at the highway of Nairobi/Nakuru and a local shop.

The sales are used to purchase feeds (hay), supplements and minerals and pay my farm help. Any surplus goes to my house expenses and mums meds.

I sold all my chicken and will embark on it in August. I have had good experience with rearing chicken and I'm now able to manage a poultry farm better than when I started. I expect to make better profits in the next season.

Loan Proposal

Hallo, the funds will be used to purchase 200 chicks to boost my business. I currently have 30 chicks which I started of with.
This will also enable me meet the demand for chicken meat and eggs which is very popular here. My main customer for eggs is a school and for meat is a resort on the major Nakuru Eldoret highway. In addition, it will boost my income and I will be able to take care of my mother who suffered a spine injury.
The chicken mature after 5months and are ready for production. I expect a net profit of US$400 at the end of the 1st month of production and US$ 2,150 at the end of the 1st year cycle.
The figures are based on the assumption that all cockerels will be sold at the end of the 5months when the cockerels are all mature and the retaining the rest for egg production.
I have gained vast experience from raising chickens besides having a passion for poultry farming.
I pray you consider my request for funding.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Jun 19, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

CN

Craig Newmark

United States

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