Fredrick Ochanda Otieno
106 installments • 76%
I have six sisters and one brother. I have a college level of education and was formally employed until 2010 when I went into self employment. I became interested in free range chicken farming soon after and finally started a small poultry project which I want to move to the next level by not only increasing the number of chicken but also building a larger poultry house. After accomplishing the above two actions, I want to expand the project to include supply chicken feed to other poultry farmers. I have also bought a utility motor cycle to facilitate delivery of chicken orders to customers and other project running requirements
My poultry farming business currently has 480 chicken which depending on chicken orders from my customers can go up to 530 chicken. Next phase of development is to grow number of chicken I keep to 750 by the end of 2017. This business is of interest as demand for poultry products in the county where it is based is very encouraging. Initial start-up capital was US$160 which I raised from personal savings. My lenders through Zidisha have assisted me to develop the projects to where it has now reached. The income from this venture is good and will help me educate my children, cover other personal expenses and project running expenses. We have now established chicken sales outlets to which we supply poultry products , I will be able to handle the orders efficiently as we now have a delivery motor cycle which I purchased through the last loan I received through Zidisha Inc.
This loan is required to buy a motor cycle for efficient delivery of chicken orders within Siaya County where I have established a free range poultry farm. The region is large with orders for poutry products coming from diverse places within the county. Timely delivery of orders has been an issue as transport system is poor and expensive. I am seeking a loan of US$550 to and to US$350 I have raised from farming activities since I started this business.
Purchase of the motorcycle will not only enable me to deliver orders efficiently, it will also get one more person to be employed by the farm to ride the motor cycle.
With a quick turn around in deliveries to customers as we add more chicken stock in the farm, we expect to raise our profits by an additional 4-5%.
Dec 31, 2016
Cost to entrepreneur
Service fee: $23.70