218 installments • 77%
I was born in one of the poorest and violent "hoods" of Thika. Second born in a family of Six brothers and sisters, it was not easy growing up. Many days we went without food, but mama was determined to send us all to school. Her belief was that at least with a high school education, we could get by, and be ready for the job market. I got good grades in high school, and I could see myself in Uni. However, this was not to be.
Mama had to make a tough choice. My elder brother had wanted to go to college or trade school, but that did not happen because I had to be put through high school. So when it was my time, I had hoped that a miracle would happen and that all would be better. The truth is nothing got better. I too had to make room for my siblings to be educated. The entire amount I would need for one semester of University was enough to put my siblings through two years of schooling.
In desperation and a desire to help out, I started taking odd jobs here and there, ending up at the factory gates of the Industrial section of the district. In between providing a supplementary income to the family and trying to push myself ahead, I was inwardly suffering and languishing. Here I was, with good high school grades, jostling for position to carry heavy boxes around and other menial jobs with people who would transform to robbers at night, and muggers.
I wanted more, and so one day while at the gates begging to be taken in for a days casual job, I felt hopeless and lost. On my way home, having failed to secure a job for the day, I decided I had had enough. I never went back to the factories again. Instead, I sought solace in the only place that had meaning to me; a district library about four kilometers form where we lived.
This led to conflicts at home, and several months later, with my younger brother through with high school, I was technically ostracized from the family. I was not providing, and had no business eating or sleeping in that house.
I moved out and started applying some skills I had taught myself repairing electronics. It was the dawn of the mobile phone revolution, and I became a repairer for hire. This was also the time that I converted to Christianity.
Shortly thereafter I married and settled, but still felt I needed more. Over time, I managed to put myself through Uni, graduating in Dec. 2015. I am on course to completing a Masters degree sometimes in late 2016, or mid 2017.
(I completed my MA in late 2018, and graduated in 2019!)
Every venture has its learning and growing curve. Raising poultry got me out of a comfort zone that I was living in ignorantly. I have had to go through the whole cycle of raising chickens from hatchery to market. It is tedious, but done right it is rewarding. But so is the mining of the most precious metal on earth, platinum.
Through the loans, I have managed to do the chicken business differently. I have bought chicks, have had my chicken hatch chicks, have burnt my fingers in lost stock due to diseases, and have enjoyed profits that have gone a long way to achieve my goal; education for my family.
As before, I am opting to leave my previous write-ups so you can have a background of my business.
Please do read, and let my story and previous writing on "My Business" add to what I have briefly written.
I am presently engaged in raising chicken. Not much has changed from the below writeups in terms of what I do. I did use the third loan to manage feeding and some more modifications in the chicken coop. I can report that I have reached that point where I can now shift focus to hatching eggs and selling month old chicks to farmers and other growers.
I used the second loan to increase my current stock levels and to make improvements in the chicken coop. Of the 100 more chicks I procured, I lost some to an unknown cause. They just kept dying. I suspect that my supplier might have got me "tired" chicks. A neighbor's dog also took advantage over the period I was making improvements and I lost six birds in one night.
I also was able to find ways of bringing down the feed costs, by mixing several ingredients and milling them together. The chicken seemed to like it! The birds have started laying too, which is good because with time I can start selling eggs and the live chicken.
Currently I have about two hundred birds, all in different stages of growth. nine birds, and the parent stock has started laying fertilized eggs. I am applying for this third loan to be able to increase my stock levels and to make even more improvements in the chicken coop to be able to house the birds. Below, again, is my earliest write up of the business.
Early 2015, I started making plans for going into agri business. I saw potential in the chicken business, and made investment towards it. I built a standard chicken coop that can house between three hundred and five hundred birds.
The reason for going into chicken is because I realized that the farmers in Kisii cannot satisfy the existing demand for chicken and eggs. Eggs are being imported from Uganda. Also, the retail prices of the eggs and chicken are higher than in other areas.
I currently have twenty two birds, with an additional fifty on the way. It is a hardy breed that will require less input with a higher return on investment. I am seeking a loan to increase the number of birds to a number that can sustain itself, with my aim being my own hatchery. This will reduce my costs of production per bird by almost thirty percent (30%). With increased profits, I can manage to increase the stock of the birds and construct another coop.
I am aiming to be the person people come to when they want affordable chicken in Kisii. To achieve this, I am seeking someone, or people who will see beyond the cry for self preservation and into the desire to break free of the poverty cycle, not just for myself, but others too, by providing them with affordable food sources; someone or people to lend me a hand and see this vision come true.
I am passionate about education, and it is my desire to see myself and my family complete formal education. The least I can do is provide the right conditions and an example to my family that education is key to progressing in society.
I will use this loan in two ways. This time I will get a complete ready to use animal feed machine. At the moment, I am having to pay $2 to mill about 2000cc of animal feed. When you are having to feed over 100 chicken, and with other expenses on the side, the profits diminish rather fast. With the mill, I will be able to bring down the cost of milling to about $1 per 2000cc, translating to 50% reduction in milling expenses in the long run.
I will also be able to mill for other people and perhaps raise money on the side. I cant quantify this yet since I have not done it before, but I would offer milling for about $1.5 per 2000cc.
The second thing I need to do is get a separate electricity meter for the machine. I have already made the application at the power company, and I am only awaiting a quote on how much to pay for them to give us a separate meter for the mill, with the correct Kilo Volts of course.
This way, I will be able to track the usage and earnings from the machine and related expenses separate from the domestic electricity consumption. Electricity is not cheap and the taxes are computed on the basis of KWh used. It makes perfect sense to not mix the machine bill and house bill.
The overall impact of this machine will be felt as months go by, probably early next year. This is one thing that I needed to do last time, but was short of funds. I am sure this time round we will be able to get the machine.
Feel free to ask for any details that you feel might help you make a positive decision to lend me money.
Aug 15, 2018
Cost to entrepreneur
Service fee: $28.07
Credit risk payment: $84.22