Poultry farm

Gedion Nyangweso

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Gedion Nyangweso

Member since

July 2015

On-time repayments

285 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

I would like boost my poultry farm in my farm. My PROPOSAL is that if given the loan I will use it as follows:-
1-Buy stock of broilers at US Dollars 60
2-Buy feeds for the broilers US Dollars 30
3-Medication i.e vaccines US Dollars 10
My target is to stock broilers though I have been dealing with local chicken I believe that I will be able to sell them at a higher price .I have chosen broilers because they only take six weeks to mature. I am in position of paying back the loan without any difficulty given funding.Looking forward to your wise consideration thank you

Feedback

2

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  • Margaret    Oct 12, 2017

    Gedion paid his loan off in a timely manner, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.52

Date disbursed

Aug 16, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $4.14

Gedion opted to pay $24.91 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

S

sebseb

The Hague, Netherlands

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

D

Dadiolafs

Vestmannaeyjar, Iceland

B

bileiro

Mandaluyong, Philippines

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

Padrino

Kilkenny, Ireland

stever

Cape Coral, United States

J

jdallatezza

United States

mepster

San Francisco, Ca, United States

KM

Kirsty M

United Kingdom

Matthias

Frankfurt Am Main, Germany

Rosario von Li

San Jose, Ca, United States

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