Buying of more chicken for my poultry farm

Josphat Njagu

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Josphat Njagu

Member since

September 2015

On-time repayments

194 installments  •  74%

About Me

I am a high school graduate from Nyandarua County in Central province in Kenya. I am a father of three and I am a farmer. I am a small scale farmer from Nakuru County and i mostly major in crop production and poultry farming. I grow maize and beans mostly and rear layers. I practice modern farming so as to increase the yield in my land and make ends meet as well as give my children the best life I can. I started poultry farming three years back and have faced many challenges such as lack of capital to expand my business and disease outbreak that almost wiped my entire stock. Despite the hardships i have prevailed and I can attest that currently I have 20 layers and I want to grow the number to 100 within the next three months to come. The people in my area are of mixed tribes mostly Kikuyus and Maasai with a few Kalenjins and Kisiis. The people are predominantly farmers and they grow maize and beans though the ones who are well up grow wheat since it is capital intensive.
My daughter who is the firstborn wants to be a nurse when she completes her education while my son who is the second born wants to be an engineer. My third child is 4 years old and started school a few months back.
I like reading inspirational books when I am passing time and also learning new things so as to better myself.
Despite the hard times we are experiencing due to the COVID-19 pandemic, we are progressing quite smoothly with my first daughter having finished high school now doing sales business while my second born son awaiting financial assistance so as to join Karatina University for a Bachelor of Science in Information Technology degree course. My last born daughter is now in grade four.

My Business

Poultry farming has been a lucrative business venture since i started it 3 years back despite the challenges. I has been rearing layers which fetch me enough money to support my family as well as pay for my children school fees. Besides poultry I grow maize and beans which I sell the surplus since this is our stable food. The demand for eggs is very high local within my area and also in major towns as those rearing poultry cannot meet the market need. I wish to increase the number of my chicken so as to increase revenue and better myself.
I chose poultry farming because it is easy to start and the returns are promising if you are serious about the business. The market is also readily available and poultry rearing requires a small space to keep your chicken.
Typical costs in my business is poultry feeds and medication since for you to have layer that lay eggs consistently you must feed them well. Disease outbreaks that threaten to wipe almost the entire stock make one incur additional cost especially through vaccination in order to prevent your stock from dying.
the money i get from my business is mostly used to pay for school fees, buying foodstuff, clothing and for the general upkeep of my family. The remaining is ploughed back to the business in order to expand and increase the returns from my business.
This being my third loan application , I am pleased to inform my lenders that I was able to pay for my children's education and now I want to move to another level by purchasing a motorbike. The motorbike will greatly assist me to expand my business in several ways including transporting eggs to the market, feeds to the farm as well as diversifying the business. I want to include cereals business where a motorbike is very necessary and convenient in the farms.
I am delighted to inform my lenders that i have successfully sustained my family from your generous assistance. Most important the children have completed their high school studies without any financial problems.
The motorbike business was however not successful but fortunately I am now engaged as a casual employee with Kenya Forest Service in maintaining a forest electric fence and earn six hundred shillings for every day worked.
Currently, I am seeking financial assistance to enable my son get admitted to Karatina University and commence with studies.

Loan Proposal

I wish to buy genetically improved chicks which have a high production as well as high resistance to diseases. I will also buy feeds and medication. The project is estimated to cost around 300 dollars. With this new stock I will be able to increase the revenue generated from the project almost three folds. I will also be able to improve the living standard of my family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.74

Date disbursed

Nov 11, 2016

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $12.40

Lenders

Scott

Oregon, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

JonB

London, United Kingdom

DavidHS

United Kingdom

W

Wade

United States

PG

Paul Graham

United States

MT

Marco Tietz

United States

PC

Pedro Cambra

United Kingdom

Dan Michael

Oslo, Norway

Thomas

Sweden, Sweden

Carlos Raphael Rocha

Joinville, Brazil

Tam Thao Nathan

United States

metab

Estados Unidos, Hong Kong

S

stevensau

United States

R

Rolands

Taichung, Taiwan

K

Katka

St Albans, United Kingdom

MF

Marissa Fiore

United States

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

LK

Leslie Kelly

United States

DK

Danny Kelly

United States

RC

Rudi Chen

United States

A

Ashley

United Kingdom

B

Boris

Bern, Switzerland

WG

Waqar Ghani

United States

Derek Anderson

Yankton, United States

SA

Steve A

Newbury, United Kingdom

BW

Betty Waweru

United States

K

Kenny

United States

C

Carlene

United States

Jes-c

United States

RG

Ravi Gadad

United States

Bill Ballew

Kansas City, Missouri, United States

Zack Stein

United States

GA

Giovanni and Yelena

New York, Ny, United States

Sinan Taifour

Munich, Germany, Germany

PB

Pamela Barge

United States

RK

Robin Kline

United States

SA

Shar Alamdari

Los Angeles, United States

Raymond Murphy

Carson Valley, NV, United States

EW

Eli Weiss

United States

J

jeananne

United States

MP

Matt Patton

United States

LR

Laetitia Rocha

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

chessplayer

Berlin, Germany

ES

Evan Simons

United States

LH

Liljana Howe

United Kingdom

JA

Joshua Axtell

United States

NM

Nitya Marepally

San Ramon, CA, United States

Day Family

Melbourne, Australia

A

Ari

United Kingdom

VC

Victor Chong

United States

HD

Hardik Desai

United Kingdom

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

AL

Ada L

Boston, MA, USA, United States

S

Sus

Germany

K

Kyle

Durban, United Kingdom

A

Anonymous

United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

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