Buying poultry feed for my chicken

Martin

Ngoingwa, Kenya

8% repaid

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Entrepreneur

Name

Martin

Member since

May 2014

On-time repayments

227 installments  •  4%

About Me

I am a first born in a family of six.I am a graduate of the Technical university of Kenya with Beng in Electrical and Electronics eng.I am currently an engineering intern at Bidco Oil Refineries Ltd,Thika.
I started this business so that it can help me cater for my university fees. Now, after campus i have decide to expand this business because the market is there and the turn over is good.

My Business

I run a poultry farm in my home with around 100 layers and currently i have around 100 chicks(broilers). The layers are being fed at an approximate cost of worth around 112.447 USD per week and producing around 20 trays per week.I sell a tray at 4 USD so the turn over is around 75 USD per week after catering for other costs.
The challenge in this business is the high cost of feed and drop in sales due to the currently poor tourism industry of course due to insecurity, but, am hoping the government will help solve this problem.
I want to borrow this loan to at least boost me for one weeks feed. i will use funds from this poultry farm to repay your loan as soon as possible. Please offer to assist me and i will appreciate.Thank you

Loan Proposal

I run a poultry farm in my home with around 100 layers and currently i have around 100 chicks(broilers). the layers are producing are being fed with feed worth around 115 USD per week and producing around 20 trays per week.I sell a tray at 4 USD so the turn over is around 75 USD per week after catering for other costs.
I need around 145.272 US Dollars to buy poultry feed.This amount will be enough to buy feed for one week consumption, It will greatly boost boost my business since the turn over is currently at 60% of the weekly feed bought.I want to borrow this loan to at least boost me for one weeks feed. I will use funds from this poultry farm to repay your loan as soon as possible.
Please assist me and i will pay back cheerfully,thank you.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jun 21, 2014

Repayment status

Late

Projected term

68 months

Lenders

S

stroll

Stockholm, Sweden

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Leonardia

Waddinxveen, Netherlands

Ask Martin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Martin    Oct 19, 2018

    I want to start to start repaying my loan, and this is the amount I can afford at the moment.

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  • Martin    Sep 6, 2014

    All busy as usual....then I said,"Zidisha bought your feed!"

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  • Martin    Jul 26, 2014

    I am rescheduling this loan because of an unseen predicament where one of my family members has been hospitalised in the last 2 weeks.He is now okay but the bill took a toll on my funds.Am sure to pay the loan before time.
    Am requesting you guys to hold informing my contacts because its emotionally considering events in the past two weeks.Hope you understand.

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  • Martin    Jul 25, 2014

    sorry lenders for that,will clear the dues soonest.

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  • Tobias    Jul 25, 2014

    I have called Martin and he has told me that one of the family members was hospitalized and will ensure that he clears the arrears by end of the coming week.

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  • Leonardia    Jul 7, 2014

    Thanks for the great pictures! I hope that the loan is helping you to improve your situation.

    I was wondering what you do to prevent deseases?

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    • Martin    Jul 7, 2014

      The loan assisted me lots.
      To prevent diseases I make sure the drinkers do not drip water on the ground. Some of the germs like damp environment.
      I also try to collect chicken waste every two weeks and of course the normal meds.

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  • Martin    Jul 6, 2014

    I collect the eggs in buckets.
    I pack in trays.

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  • Martin    Jul 6, 2014

    I feed the chicken
    They wait in line to lay eggs.

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  • Martin    Jul 5, 2014

    I bought the of feed and the chicken are doing well.

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  • Leonardia    Jul 1, 2014

    Thanks for your first repayment. I hope that you were able to buy the food and expand your business?

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  • Martin    Jun 24, 2014

    I intend to reschedule my loan because the current installment is proving to be higher than the amount the business can pay comfortably. It will be somehow a burden to repay that amount each week since the poultry feed bought with this loan will not reflect in the sales immediately and instead of sourcing for another loan to buy feed for the subsequent weeks,i opted to reschedule the repayment in a manner that i will pay comfortably and to the convenience of my lenders. I hope you understand please.

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  • Martin    Jun 20, 2014

    Netherlands is performing very well at the world cup. it was first to qualify. Hope your country wins it.

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    • Leonardia    Jun 20, 2014

      I don't know. I don't like football and don't watch it. But I thank you on behalf of the most of the other people in my country :)

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      • Martin    Jun 20, 2014

        alright, hope you watch the Finals if they get that far

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  • Martin    Jun 20, 2014

    pvilliger
    stroll
    I highly appreciate your contribution, the funds will assist me a great deal.

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  • Martin    Jun 20, 2014

    Thanks so much Leonardia for believing in my business.I'll definitely put the money in the right places.

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    • Leonardia    Jun 20, 2014

      I know you can do it! Please keep us updated on the progress you make, I'm very curious ;)

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      • Martin    Jun 20, 2014

        I'll do sir.I'll post photos to illustrate my progress soonest

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  • Leonardia    Jun 20, 2014

    Your loan is now fully funded. I hope that you are able to expend your business and make wise investment decisions.

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  • Martin    Jun 9, 2014

    thanks guys for this.
    Howard
    goodwithoutgod
    Zidisha Matching Loan Fund
    Leonardia
    God Bless

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