Chicken project

Samuel

Kisii, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

May 2016

On-time repayments

70 installments  •  90%

About Me

Introduce yourself to lenders.
Am Mararo Samuel,I was born in a family of seven where I am the fourth born. my parents were peasant farmers. they educated us with hardship.
It was until I was eighteen years old when my friend called me to Kisii town, he took me to his shop, he was making beads of different items like basket, table mat, key holders among others. he trained me how to make beads. when I was an expert, he employed me and he was paying me Ksh 6000 a month.
It was out of the small saving that I also decided to start a small business of making beads.
I come from a community that still regard its culture. Not so many people have gone to school.
I would like my children to be entrepreneurs as government jobs today are so limited.

My Business

I run a chicken project of traditional hens whereby I sell fertilized eggs to other farmers, eggs to hotels and households, two-weeks chicks and sometimes big chickens.
The project is growing rapidly and making me realize good profits. It also has an impact to other projects like farming since the droppings from the chickens are good fertilizer.

My next move will be to improve the structures, increase the laying egg hens for more production. This is due to the increasing demand especially two weeks chicks.

I thank Zidisha family for their support in changing lives positively of many people in my region and globally.

My chicken project is growing fast and I'm able to make real profits that are enabling me provide both basic and other needs to my family.

I look forward for greater experiences with Zidisha org. Thanks

Loan Proposal

First, I will like to thank the zidisha family for the nice work in empowering people especially in Africa and specifically my lenders of the first loan which I repaid fully last Friday 21st of April 2017.

I started a chicken farming project which has picked so well and by now I have 10 chickens that lay eggs, 3 cocks and 21 3-month chicks. All of them are local breeds.

I want to use the second loan that I'm applying currently to add more chicken, make better structures where they eat from and also buy feeds for the start. This expansion will require me to spend like 2,500 shillings. So I will top up the few hundreds to the loan amount and effect my plan.

I am able to collect at least 8 eggs daily and a fertilized egg sells at 20 shillings. So selling 4 eggs from each day's collection while keeping the rest for selected hens to hatch chicks will enable me raise money to repay my loan.

Adding more chickens will enable me collect more eggs daily and will increase my profits.

Feedback

1

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  • Margaret    Aug 21, 2017

    Samuel paid off his loan perfectly. 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

$23.00

Date disbursed

Apr 27, 2017

Repayment status

On Time

Projected term

3 months

Lenders

M

Margaret

United States

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Summary

Amount repaid

$23.31

Amount remaining

$0.00

Date repaid

Aug 21, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 5, 2017 $1.97 May 5, 2017 $1.97
May 12, 2017 $1.97 May 12, 2017 $1.97
May 19, 2017 $0.99 May 19, 2017 $0.99
May 26, 2017 $0.99 May 26, 2017 $0.99
Jun 2, 2017 $0.99 Jun 2, 2017 $0.99
Jun 9, 2017 $0.99 Jun 9, 2017 $0.99
Jun 16, 2017 $0.99 Jun 16, 2017 $0.99
Jun 23, 2017 $0.99 Jun 23, 2017 $0.99
Jun 30, 2017 $0.99 Jun 30, 2017 $0.99
Jul 7, 2017 $0.99 Jul 14, 2017 $0.99
Jul 14, 2017 $0.99 Jul 14, 2017 $0.99
Jul 21, 2017 $0.99 Jul 21, 2017 $0.99
Jul 28, 2017 $0.99 Jul 28, 2017 $0.99
Aug 4, 2017 $0.99 Aug 11, 2017 $0.99
Aug 11, 2017 $0.99 Aug 11, 2017 $0.99
Aug 18, 2017 $0.99 Aug 18, 2017 $0.99
Aug 25, 2017 $5.55 Aug 21, 2017 $5.55

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