Adding chickens, feed, and vaccines to boost my poultry farm
Philip
Eldoret, Kenya
53% repaid
Entrepreneur
Name
Philip
Member since
September 2014
On-time repayments
192 installments • 40%
About Me
I am 57 ears old, married to one wife with five grown up sons and daughters and with four grand children. The last born is married and therefore only one daughter is still at home engaged in her own business.
I am the founder of Harvest Army Church in Kenya which has already applied for registration and Jesus Alive Centre which is a ministry of the church.
Last year I found Harvest Army International Seminary which offers training in different theological fields especially to pastors and ministers from indigenous churches around the country especially North Rift, Nyanza and Western. I am a doctorate of theology graduate from Christian Life teachings in USA.
I live in Shirika Estate along Old Uganda Road .From Town you board Matatu to Maili Nne ,alight at Road block take a rough road to the right besides Kings Highway Church.On reaching Old Uganda Road you Turn right towards Moi University West Campus, first turn to the left third plot.
As a family we are running a small poultry farm at our home compound, this enables us supply eggs to few shops around and provide meat and eggs to the family and customers around the neighborhood.
I am a conference speaker and likes reading the bible and traveling to different places in and outside Kenya.Thus I have traveled to Europe ,America ,West and even Central Africa.
My Business
As stated when I was giving my Biography, I am the Director of the Seminary and also works with my wife in the poultry farm.
The Poultry farm has been in existence for over three 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 US$220 while gross profit or income before these expenses is usually approximately US$450.
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.
Loan Proposal
Thanks all zidisha lenders and the entire community for the platform and opportunity to enable me become better through borrowing.My proposal is that given funding I will distribute my funds towards improving my stock as follows:-
New chicks broiler200 of them at US Dollars137
feeds at US Dollars 180
vaccines US Dollars 23
I intend to make a profit of more than 120% when they mature which will make me repay my loan conveniently and also support my family.
Thanks once again for the opportunity and I look forward to your positive response.Be blessed
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Loan Info
Project Type
Classic Loan
Disbursed amount
$331.00
Date disbursed
Jan 30, 2015
Repayment status
Late
Projected term
42 months
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