Buy chicks for my poultry farm

Daniel

Bamburi, Kenya

100% repaid

Entrepreneur

Name

Daniel

Member since

February 2015

On-time repayments

254 installments  •  36%

About Me

My name is Daniel Mbugua, a poultry farmer from Mombasa - Kenya. I was born and raised in Mombasa where my father worked at the Kenya Ports Authority. I was born in a rural area where I grew up accustomed to fairly good infrastructure like electricity and paved roads.

In spite of relative good life in my childhood, I faced a number of challenges like lack of playing fields due to poor planning by the local authorities and I grew up deprived what would be considered as the basic necessities of a growing child. That notwithstanding, my parents raised me well and imparted good values early life.

I went to rural schools both for primary and secondary schools because my parents feared I would get involved in drug taking which was rampant in our neighborhood. I later joined a polytechnic where I did a three year course in civil engineering. I was hoping to secure a good job after the completing the course after my father's footsteps but I was not as lucky.

I decided to use our house backyard to start poultry keeping which remarkable success. This is what I am still doing to date and I have no regrets for doing so since it brings food on the table and I also get a lot of satisfaction from the job.

I am married with two kids both who are in school.

My Business

I rear broiler chicken as well as geese in my house backyard. I sell broilers to local hotels and to residents within the residential estates. Mombasa is a fast growing city and it has all the demands of big city and one of these is fast food. I saw this opportunity and decided to exploit it.

The living standards of the residents has also improved in the recent past and a good number of residents have a much better bargaining power as compared to yesteryears. What used to be a preserve of the rich (like chicken) is now a common dish among many.

I keep broilers that take between 5-6 weeks to mature. I normally buy them when they are one day old and if the survival rate is good (about or above 95%), I make about $150 per brood. I use the geese to provide eggs that I sell to support the family when I am not selling the chicken.

I am glad I have a ready market of loyal clients in hotels and also in the residential areas. If funded, I like to keep two sets of broilers and separate then within two weeks so as to ensure a continuous sale of the chicken instead of waiting for 6 weeks interval. However, for me to do this, I need to get a helping hand in form of affordable credit and this is where Zidisha comes in.

Loan Proposal

I will use the money to buy 200 one-day old chiks for my farm. I lost most of my chicken last year due to a disease and I currently have 50 laying chickens. The farm can hold much more but I lack finances to increase the number.

With this amount, I will be able to get the 200 chicks which are already vaccinated thus increasing their survival rate. I will have some balance which I will use to heat the coop as well as buying their feed.

This step is crucial in my business since my clients are still loyal to me and I do not want to loss them by not meeting their orders. I am counting on Zidisha family to help me make this a reality.


Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$171.00

Date disbursed

May 31, 2018

Repayment status

On Time

Projected term

5 months

Lenders

JA

Jorge Alagon

Munich, Germany

Ren

Minneapolis/StPaul, United States

JK

Judy K

United States

Jeanette

Fort Worth, Texas, United States

N

Nick

United Kingdom

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Summary

Amount repaid

$171.03

Amount remaining

$0.00

Date repaid

Feb 9, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 12, 2018 $7.39 Jul 12, 2018 $7.39
Jun 19, 2018 $7.39 Jul 12, 2018 $7.39
Jun 26, 2018 $7.39 Jul 12, 2018 $7.39
Jul 3, 2018 $7.39 Jul 12, 2018 $1.48
Dec 7, 2018 $5.91
Jul 10, 2018 $7.39 Dec 7, 2018 $7.39
Jul 17, 2018 $7.39 Dec 7, 2018 $7.39
Jul 24, 2018 $7.39 Dec 7, 2018 $3.94
Dec 8, 2018 $3.45
Jul 31, 2018 $7.39 Dec 8, 2018 $7.39
Aug 7, 2018 $7.39 Dec 8, 2018 $7.39
Aug 14, 2018 $7.39 Dec 8, 2018 $7.39
Aug 21, 2018 $7.39 Dec 8, 2018 $7.39
Aug 28, 2018 $7.39 Dec 8, 2018 $7.39
Sep 4, 2018 $7.39 Dec 8, 2018 $7.39
Sep 11, 2018 $7.39 Dec 8, 2018 $7.39
Sep 18, 2018 $7.39 Dec 8, 2018 $3.94
Feb 9, 2019 $3.45
Sep 25, 2018 $7.39 Feb 9, 2019 $7.39
Oct 2, 2018 $7.39 Feb 9, 2019 $7.39
Oct 9, 2018 $7.39 Feb 9, 2019 $7.39
Oct 16, 2018 $7.39 Feb 9, 2019 $7.39
Oct 23, 2018 $7.39 Feb 9, 2019 $7.39
Oct 30, 2018 $7.39 Feb 9, 2019 $7.39
Nov 6, 2018 $7.39 Feb 9, 2019 $7.39
Nov 13, 2018 $7.39 Feb 9, 2019 $7.39
Nov 20, 2018 $1.04 Feb 9, 2019 $1.04

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