Funds for vegetable farming and enhance my poultry project
Margaret
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
July 2014
On-time repayments
260 installments • 69%
About Me
About Me (2nd edition)
Who is Margaret Julliet Wambui (MJ)?
I am a single mother of two, who I dearly treasure – Andie (Senior Jewel - SJ) and Alain (Junior Jewel – JJ).
The two jewels give me the gist of fighting a winning battle in this life. Both of them aspire to be pilots and am out to support their dreams. As I fight the good fight of faith, my desire is to leave a worthwhile legacy for them and, I will not, for one repulse, give up the purpose that I resolved to effect. Yes, no chance, no destiny, no fate, will hinder my firm resolve as I am determined to reach beyond the eagle heights for their sake.
My career history
I was in the logistics industry for over 15 years, gaining a rich experience in management. I intend to apply the gained experience and knowledge in my new ventures.
My Business
I enjoy tendering my poultry made up of indigenous chicken. My dream of having my project being a household name still holds. There is no relenting, no matter what. I have not achieved my target but I will keep forging on until I reach my mark. The main challenge has been the lack of brooding within the flock. That is why I intend to get a kerosene incubator. This will facilitate constant hatching of chicks even when the hens do not brood.
With a healthy flock of KARI improved, there will be no struggle penetrating the market. I already have a ready market but I would like to venture further.
Assets
My poultry basket currently carries 15 hens, 2 cockerels, and 50 chicks.
The shop has a stock of around 25,000/= face value and fixed assets worth 25,000/=. These include the shop fixtures, the weighing tools, display box, and others
A plot that is pending development measures 50x50m
Operations analysis
Average shop monthly sales - Kes50000/=
Average shop monthly expenses – Kes4000/= (Inclusive of the shop rent)
Average Household monthly expenses – Kes 6,000/=
Average monthly Poultry feed – Kes2000/=
(New) Online business Monthly income - 15,000/=
Farm produce (pumpkins) – 7,000/= (This year I planted butternuts which I believe will market better than the pumpkins)
Zidisha family
The Zidisha organization is well known to my family, and we are glad to be part of the family. We appreciate all the support and we have no words to say thanks to and the rest of the Zidisha team. Not to say the least, ALL the lenders who in the past have responded positively and timely at the time of the call. To all of you, let it be known that your support has had a great impact on our family.
Loan Proposal
I appreciate the zidisha family for the much support I have received. I have finished paying my 2nd loan and now wish to apply for a 3rd loan.
When I get this loan,it will help me engage in vegetable (mchicha) farming as I wait to transplant my onions.
My onion seeds are in the nursery and will transplant them in the next around 6 weeks. During this waiting period I want to plant mchicha which takes around 3weeks to plant and harvest. This way the land will not stay idle and I will make good money as mchicha is a hotly demanded vegetable by the locals as well as the Mombasa market which is not far from my farm - just a 1hrs drive.
The mchicha farming will cost Kshs. 5000/= from land preparation, to planting and upto harvesting. Out of this I expect to make a profit of Kshs. 10000.
The balance Kshs. 23000 will go to boost my poultry project. I will spend Kshs 12500 to buy 50 1-month old chicks; Kshs. 5500 to buy feed and vaccines and Kshs. 5000 to repair the coop.
I am deciding to buy the 1-month old chicks as they are already out of disease risk.
With improved feeding the already existing chicken will perform better with egg laying.
The sales from the eggs will enable me pay the farm assistant who I have engaged on a semi-permanent basis due to the increased farm activity. He is the one who helps me to oversee the work at the farm.
As for the profit from the Mchicha I will plough it back to more mchicha farming doubling the space.
Having re-strategized my plans I look Forward to hitting my target of 500 chicken in the next 6 month which should give me a yield of over 10 trays of eggs daily which translate to a sale of Kshs. 6000 daily.
In all these am targeting at building the right capacity of my hatchery project which I hope to have up and running by the end of 2015.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$310.00
Date disbursed
Feb 16, 2015
Repayment status
On Time
Projected term
22 months
Lenders
North Carolina, United States
Germany
United States
Norway
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Summary
Amount repaid
$364.94
Amount remaining
$0.00
Date repaid
Dec 22, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 1, 2015 | $10.27 | Mar 4, 2015 | $10.27 |
| Mar 8, 2015 | $10.27 | Mar 4, 2015 | $0.84 |
| Mar 10, 2015 | $9.42 | ||
| Mar 15, 2015 | $10.27 | Mar 10, 2015 | $0.58 |
| Mar 14, 2015 | $9.69 | ||
| Mar 22, 2015 | $10.27 | Mar 14, 2015 | $1.42 |
| Mar 24, 2015 | $8.84 | ||
| Mar 29, 2015 | $10.27 | Mar 24, 2015 | $2.27 |
| Apr 1, 2015 | $8.00 | ||
| Apr 5, 2015 | $10.27 | Apr 1, 2015 | $3.11 |
| Apr 7, 2015 | $7.16 | ||
| Apr 12, 2015 | $10.27 | Apr 7, 2015 | $1.18 |
| Apr 12, 2015 | $8.33 | ||
| Apr 20, 2015 | $0.76 | ||
| Apr 19, 2015 | $10.27 | Apr 20, 2015 | $10.27 |
| Apr 26, 2015 | $10.27 | Apr 20, 2015 | $0.09 |
| Apr 25, 2015 | $10.18 | ||
| May 3, 2015 | $0.93 | Apr 25, 2015 | $0.93 |
| May 10, 2015 | $5.56 | May 11, 2015 | $5.56 |
| May 17, 2015 | $5.56 | May 11, 2015 | $5.56 |
| May 24, 2015 | $5.56 | Jun 3, 2015 | $5.56 |
| May 31, 2015 | $5.56 | Jun 3, 2015 | $5.56 |
| Jun 7, 2015 | $5.56 | Jun 7, 2015 | $5.56 |
| Jun 14, 2015 | $5.56 | Jun 18, 2015 | $5.56 |
| Jun 21, 2015 | $5.56 | Jun 18, 2015 | $5.56 |
| Jun 28, 2015 | $5.56 | Jul 2, 2015 | $5.56 |
| Jul 5, 2015 | $5.56 | Jul 9, 2015 | $5.56 |
| Jul 12, 2015 | $5.56 | Jul 17, 2015 | $5.56 |
| Jul 19, 2015 | $5.56 | Jul 24, 2015 | $5.56 |
| Jul 26, 2015 | $5.56 | Jul 24, 2015 | $5.56 |
| Aug 2, 2015 | $5.56 | Aug 8, 2015 | $5.56 |
| Aug 9, 2015 | $5.56 | Sep 9, 2015 | $5.56 |
| Aug 16, 2015 | $5.56 | Sep 9, 2015 | $5.56 |
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $0.00 | ||
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $2.78 | Sep 29, 2015 | $2.78 |
| Oct 4, 2015 | $2.78 | Sep 29, 2015 | $2.78 |
| Oct 11, 2015 | $2.78 | Sep 29, 2015 | $2.78 |
| Oct 18, 2015 | $2.78 | Sep 29, 2015 | $2.78 |
| Oct 25, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Nov 1, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Nov 8, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Nov 15, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Nov 22, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Nov 29, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Dec 6, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Dec 13, 2015 | $2.78 | Oct 31, 2015 | $2.78 |
| Dec 20, 2015 | $2.78 | Dec 9, 2015 | $2.78 |
| Dec 27, 2015 | $2.78 | Dec 9, 2015 | $2.78 |
| Jan 3, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Jan 10, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Jan 17, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Jan 24, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Jan 31, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Feb 7, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Feb 14, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Feb 21, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Feb 28, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Mar 6, 2016 | $2.78 | Dec 9, 2015 | $2.78 |
| Mar 13, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Mar 20, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Mar 27, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Apr 3, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Apr 10, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Apr 17, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Apr 24, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| May 1, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| May 8, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| May 15, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| May 22, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| May 29, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jun 5, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jun 12, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jun 19, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jun 26, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jul 3, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jul 10, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jul 17, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jul 24, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jul 31, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Aug 7, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Aug 14, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Aug 21, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Aug 28, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Sep 4, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Sep 11, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Sep 18, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Sep 25, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Oct 2, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Oct 9, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Oct 16, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Oct 23, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Oct 30, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Nov 6, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Nov 13, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Nov 20, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Nov 27, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Dec 4, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Dec 11, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Dec 18, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Dec 25, 2016 | $2.78 | Dec 22, 2015 | $2.78 |
| Jan 1, 2017 | $4.94 | Dec 22, 2015 | $4.94 |
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