Farming

Walter

Rongai, Nakuru, Kenya

17% paid forward

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How it Works

Entrepreneur

Name

Walter

Member since

October 2012

On-time repayments

394 installments • 100%

About Me

My name is Walter Onyore. Am the second born in a family of four, 2 boys and 2 girls. I was born on 24th October 1983. I am single but intend to marry as soon as I find an appropriate person. I went to Rongo primary school in East Kamagambo location of Migori district in the 1990 to 1998, later joined Mbita high school in between 1999 to 2003. Later I joined Kenya College of Accountancy University in the year 2006 to 2010 where I did my C.P.A. up to part three. I moved to Rongai and settled there in 2011. Currently, I am working at Vanessa Grant Girls’ secondary school in Rongai District of Nakuru County as an accountant.

My Business

I am engaged in poultry farming. Due to the high demand of the eggs in the hotels around and the customers who prefer the high quality of eggs my layers are producing due to the feeds used. At the moment, I have 150 layers. Each day I collect an average of 140 eggs which I sell at Ksh 10 each. This fetches Ksh 1,400 daily; which is Ksh 42,000 per month. The cost involves the following
1. 2x 70kg chick mash @ 2700 each =Ksh 5,400
2. 3 x70kg growers mash @ 2700 each =Ksh 8,100
3. 6 x 70kg of layers mash @ 2700 each = Ksh 16,200
The chick mash and the growers mash are given in the first three months while the layers mash is given when the chickens start laying eggs. The lifespan of a chicken is 12 months before it is disposed. During this period the chickens are expected to have consumed 54 x 90kg layer mash at a total cost of Ksh 145,800. Add this to the chick mash and growers mash gives you a total expenditure of Ksh 158,500 against a total income of Ksh 378,000. The chickens are then disposed at Ksh 500 each and consumed as meat in hotels, giving a further income of about Ksh 75,000. This leaves me with a net income of Ksh 309,200 translated to about Ksh 25,800 per month.
There is a great shortage of eggs in the country. The risks involved in this business are diseases and egg damage.

Project Proposal

I would like to rent a farm land of 5 acres for 5 years which will enable me to harvest sugarcane in three consecutive seasons. One acre will go for atleast Kes. 30,000 for three seasons. With that I will spent about Kes. 150,000. After securing this farm, I will use it to plant sugarcane.
I will use a tractor to plough at a total cost of 5,000/acre, A total of Kes. 25,000 will be spent. Thereafter I will need to harrow it again at a cost of 3,000/acre, totaling to 15,000 Kes. Finally, I will need to do ridges at accost of Kes. 15,000 before planting. The Seed canes also for the 5 acres will cost a total cost Kes. 75,000.
For the manual planting, I will need around Kes. 20,000 to pay for casual workers for the whole farm. At the planting stage I also require DAP fertilizers, this will cost around 50,000 for the whole farm. The farm will require weeding atleast 3 times, with each costing about Kes. 30,000. This will total to Kes. 90,000. I will also need Urea fertilizer to boost the harvest at a total cost of Kes 70,000.
For the Loan balance, I have a 3-acre sugarcane farm that currently requires top dressing fertilizers. I will use Kes. 100,000 for weeding and fertilizers.
For the loan repayment; As I continue with the jaggery production, I intend to add production with the loan balance of about Kes. 100,000 by buying more sugarcane for my production. I believe this will continue to increase my production and income. With the increased income, I will be able to repay my loan without any problem.