Feeding area fencing for my free-range poultry farm

Fredrick Ochanda Otieno

Nairobi, Kenya

4% repaid

Entrepreneur

Name

Fredrick Ochanda Otieno

Member since

April 2015

On-time repayments

106 installments  •  76%

About Me

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 Business

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.

Loan Proposal

My free range poultry project need to be secured and additional growth added requiring a total of investment of US$1450. Of this amount, I will raise US$600 from the business and request a loan of US$850 through Zidisha. Of these funds US$950 will be used to fence a larger area in which the chicken feeds to keep the chicken safe from predators to which we have lost several chicken and also to stop the chicken from straying to beans gardens around the project area. I also want to purchase a small egg incubator(100 eggs) costing US$250 to supply the project with chicks. Given our suitable location, I will set up a small chicken feed supply outlet as an additional business to sell chicken feed in my locality which will need US$250 to set-up and stock with chicken feeds. From these developments I will add two more employees to the project to generate a minimum of fifteen per cent more profit to the project.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$845.61

Date disbursed

Aug 9, 2017

Repayment status

Late

Projected term

23 months

Cost to entrepreneur

Service fee: $35.54

Lenders

KirstenShute

Montreal, Canada

M

Moonknight

Østre Gausdal, Norway

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

S

SallyM

United States

G

Gabi

Turkey

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