50 more layers for my farm

Francis Onyango

Kenya-re Estate, Kenya

100% repaid

Entrepreneur

Name

Francis Onyango

Member since

February 2016

On-time repayments

41 installments  •  71%

About Me

I am the 1st born among 5 children .I went to Sega primary school and then Ukwala secondary school where I sat for my KCSE and obtained a B+ ,I then joined university to and took Bsc Agribusiness management.
The hardship that made me start the business was lack of fees,that made me defer my studies at the collage ,I borrowed $300 from a friend that I used to set up my poultry house and buy 100 chicks. The birds are now 400 and I am looking forward to expand the farm to host 100 birds.
I am a good dance and spend free time with my dance group crew dancing. We sometimes dance in weddings and competitions .

My Business

I am a poultry farmer and I keep layers for eggs which I sell to my college mates.The demand is high for eggs since its a popular meal among students as it is easy to prepare and its a cheap source of proteins.
I choose to keep layers because the demand for eggs is very high and the prices are good hence good returns for investment.
my typical cost per month is $250 for feeds ,electricity ,water and labor,my total revenues per month are $500 per month.
I use the money to pay for my university tuition and save for farm expansion.

Loan Proposal

I am happy to join the zidisha family,I would use the money to 50 chicks and one chick would cost me $1 and a total of $50 and would spend the balance in growers mash.I expect my income to increase by 12.5% due to these expansion.Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Service fee: $4.14

Francis opted to pay $25.19 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

The Zinc Team

San Francisco, United States

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