Name
Mike
Member since
August 2014
On-time repayments
250 installments • 23%
Am mike cherono and I have been involved in poultry farming for the 18 months. Currently am pursuing a degree in project planning and management at Moi university, I have been using the funds from the poultry project to foot my school fee. So after my campus life I am planning to to enter fully into agribusiness. So far I have 250 layers and 100 broilers. I usually produce about ten crates of eggs per day which I usually sell to some local shops in my neighborhood. Once my broilers have attained 1.2kg, I usually slaughter them and supply them to a local hotel and butchery in town after eight weeks. Personally I plan to start rearing dairy cattle’s in the near future. So I plan to use the loan to enlarge my business.
Our competitive edge is that we specialize in organic farming. Consumers are increasingly aware of health living and prefer our free-ranged poultry products to the exotic caged breeds. Also, Improved indeginous chicken has equally good maturity, weight gain, & production rate but are more resistant to diseases.
If my Zidisha loan is granted, I will invest my second loan from Zidisha poultry project where I intend to purchase more fertile improved Kienyeji (Indiginous chicken) eggs for incubation to help me grow my stock and spare a small proportion for overheads such as vaccination and feeding. I bank on my three-year-experience in hatchery business that this would be a success, too!
This will difenately take my poultry farm to a large scale enterprise. I will use proceeds from my existing poultry business to repay my loan. Also, I will continue offering incubation services to farmers until that time I will have grown my stock to the level of filling my hatchery capacity.
Poultry Farm aspires to be a leading farm and hatchery for improved indigenous chicken in Kenya. As such, as I continue to grow my stock for these indigenous chicken, I hope to grow my credit limit with Zidisha to the level of half a million (over 6000 USD) at the time they reach production age so that I can easily be able to pay back using proceeds from the poultry venture. The strength of the improved Kienyeji breed is that it attains maturity at 20-22nd week hence product life cycle is shorter and hence financially sustainable venture.
Thank you so much for according me this opportunity to grow my agri-business venture with Zidisha loans.
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Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Sep 12, 2015
Repayment status
Late
Projected term
49 months
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