Agribusiness

Gedion Nyangweso

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Gedion Nyangweso

Location

Eldoret, Kenya

On-time repayments

278 weekly installments  •  93%

About Me

I was born in 1954 in Western Kenya that is now Kakamega County in Butere District .
I went to Primary School between 1969 to 1976 in Butere .
In Secondary School I went between 1979 to 1980 in Kisii .I am married to one wife with six children all of them are grown up ,they have graduated from the university and are taking care of themselves.
After High school a got a casual job with world vision kenya and I worked with them for 10 year.Their after out of my savings that I got during employment I used it to develop a business (poultry farming) with my wife.

My Business

As stated when I was giving my Biography, I and work with my wife in the poultry farm.We have also diversified and are now trying crop farming and animal rearing.
The Poultry farm has been in existence for over five years . We supply live chicken to the neighbors and also eggs . Due to consistency since we started we have a stable customer base.
The business is profitable because there is high demand for white meat and especially the local chicken which is what we are keeping and also the eggs which are preferred by most people.
The main challenges are diseases and feed which are very expensive especially when the birds are few in number.
My typical monthly cost of running the business is approximately US$300 while gross profit or income before these expenses is usually approximately US$480.
I have started diversifying my agribusiness to include goat keeping n half acre maize cropping to help feeding
I believe that the funding will come because if I get it now I will be able to buy many birds in readiness for the market.
We have from last year seen the need to diversify including in our business crop growing and a few animals which are doing well.

Loan Proposal

Keeping 60 chicken feeds $ 400

Vaccines $ 200

Crop cultivation $ 150

Animal feeds and vaccines $ 300

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,006.99

Date disbursed

Feb 11, 2020

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $45.27

Credit risk payment: $135.80

Lenders

Daniel

Brussels, Belgium

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

Kitty

Hailsham, United Kingdom

PaulE

Cockeysville, MD, United States

cyrus0302

San Francisco, United States

Charmonica

London, United Kingdom

MarktheMormon

Sandy, Utah, United States

S

SMRosen

Hershey, United States

J

JakeA

Wellington, New Zealand

E

ericcamden

Berkeley, United States

G D Export

Kolkata, India

EmilAsker

Lomma, Sweden

lorello

Vicopisano, Italy

Jason

Auckland, New Zealand

dlpringle

Denver, United States

WE

Wendy Emlyn

Devon, United Kingdom

MS

Mike Sutherland

United Kingdom

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

JH

Joseph Hwang

Houston, United States

Malibu River

Tokyo, Japan

Donald Major

United States

GB

Gernot Barnreiter

Vienna, Austria, Austria

Joost

Noord Brabant, Netherlands

Sla Tyr

Switzerland

ND

Nick DiCesare

Denver, CO, United States

DK

Daniel Kalla

Saint Paul, United States

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