Loan to buy better feed for the poultry

John

Nairobi, Kenya

100% repaid

Entrepreneur

Name

John

Member since

April 2015

On-time repayments

203 installments  •  83%

About Me

Growing up at the foot of the Aberdare ranges, my teacher instilled in me a desire to excel in whatever i do all through my education life i have aspired to do this. Even when odds ad obstacles hindered me i pressed on by working hard in whatever job i found myself in enabling me overcome. With increased demands of life a business seemed a good way to start o. However despite failure i pressed on. You can achieve anything as long as you put your mind to it. this is my motto

My Business

Vermiculture and Purchase of Feed making inputs and Equipment
AS enumerated in different researches Agriculture continues to be an essential sector as it offers food, employment opportunities and income to many people both in the urban and rural areas. The sector is divided into more than one subsector namely; livestock sub-sector, crop-subsector, the manufacturing sector, the service sector among others. All these sectors play a pivotal role in ensuring that the agricultural sector continues to grow. The livestock sector, one of the important sectors, improves nutrition by providing households with eggs, meat and creation of employment opportunities. Small scale poultry farming, an essential category in the livestock sub-sector, can provide positive spiral events that will not only improve the nutrition but also lead the rural households out of poverty. Moreover, it can be used to empower women whose integral role in farming households of bearing most of the responsibilities for household food security and income is crucial. Interventions aimed at improving smallholders and especially women capacity to produce poultry places them at a pivotal position to play a great role in meeting food demand.
Main challenge is feed production and utilization
The loan is intended to purchase feed making inputs and equipment. These will be used in starting up a small feed production center combined with training smallholder farmers on the use of insects and worms as important supplements to poultry production as well as the economics of production especially for small livestock such as poultry. The funds will also be used to set up a mini demonstration site on insect rearing to help the farmers learn how to rear the insects for poultry feed and where excess sell to the other poultry farmers.
Revenue comes from training cost, sale of mini-kits for insect rearing and sale of the manufactured feed to smallholder farmers at an affordable price.

Loan Proposal

The poultry offers food, employment opportunities and income to many rural households .It also improves nutrition by providing households with eggs and meat. Small scale poultry farming i is mainly dominated by women farmers and although its income is small, it is controlled by women and, it can provide positive spiral events that will lead the women and rural households out of poverty. Moreover, women’s integral role in farming households of bearing most of the responsibilities for household food security and income, interventions aimed at improving their capacity to produce poultry places them at a pivotal position to play a great role in meeting food demand.
Feed affordability is indicated by its purchase cost. High purchase cost denotes high production costs and feed unavailability. The high cost of feed is due to the high cost of ingredients used to manufacture feeds. These ingredients used in feed manufacture include fish and soy which are also used as human food resulting to food-feed competition thereby increasing the price of the ingredients
The loan is intended to purchase feed for the birds for the next few months before they mature to be sold and also acquire material for learning how to make own food to make it sustainable in the future
I intend to buy
1 10 bags of feed @ USD 25 = 250.00
2. Medicines for the birds @USD 20 per month = 120.00
3. Incidentals @ USD 5 per month =20.00
Total 390.00

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$398.00

Date disbursed

Aug 22, 2016

Repayment status

On Time

Projected term

12 months

Lenders

Paul Buchheit

Mountain View, United States

Jeremy

Washington State, United States, United States

wissam

Jeddah, Saudi Arabia

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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