Expand my poultry commercial hatchery
Samuel
Juja, Kenyatta Road, Kenya
100% repaid
Entrepreneur
Name
Samuel
Member since
February 2014
On-time repayments
232 installments • 26%
About Me
Our competitive edge is that we specialize in organic farming. Consumers are increasingly aware of health living and prefer our free-ranged poultry products to the exotic caged breeds. Also, Improved indeginous chicken has equally good maturity, weight gain, & production rate but are more resistant to diseases.
My Business
Our competitive edge is that we specialize in organic farming. Consumers are increasingly aware of health living and prefer our free-ranged poultry products to the exotic caged breeds. Also, Improved indeginous chicken has equally good maturity, weight gain, & production rate but are more resistant to diseases.
Loan Proposal
If my Zidisha loan is granted, I will invest my first loan from Zidisha in my Agribusiness (poultry) project where I intend to purchase more fertile improved Kienyeji (Indiginous chicken) eggs for incubation to help me grow my stock and spare a small proportion for overheads such as vaccination and feeding. I bank on my three-year-experience in hatchery business that this would be a success, too!
Clearly, this project will not have returns in a month's time. But it will definitely take my agribusiness to a large scale enterprise. I will use proceeds from my exisiting poultry business to repay my loan. Also, I will continue offering incubation services to farmers until that time I will have grown my stock to the level of filling my hatchery capacity.
Goldwings Poultry Farm aspires to be a leading farm and hatchery for improved indigenous chicken in Kenya. As such, as I continue to grow my stock for these indigenous chicken, I hope to grow my credit limit with Zidisha to the level of half a million (over 6000 USD) at the time they reach production age so that I can easily be able to pay back using proceeds from the agri-business venture. The strength of the improved Kienyeji breed is that it attains maturity at 20-22nd week hence product life cycle is shorter and hence financially sustainable venture.
Thank you so much for according me this opportunity to grow my agri-business venture with Zidisha loans.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 11, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Seattle, United States
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