Flock expansion

Simple Ng'ang'a

Syokimau, Kenya

100% repaid

Entrepreneur

Name

Simple Ng'ang'a

Member since

September 2018

On-time repayments

131 installments  •  60%

About Me

My name is Simple Simon Macharia, an IT guy with great interest in agriculture. I am passionate about technology and agriculture. 12 years ago, I realised that my salary is not the way to financial independence and decided to venture into business. I started off with a small cyber cafe and computer repair business where i employed 2 people. A few years later, was able to venture into distributing internet service via wireless networks. I ran the business for around 7 years while still attending college but later sold the business to fund college and restrategise after the birth of my first son. I also got a full time job in a small telecommunications company but the desire to be in business still consumed me.I then decided to venture into farming with a focus on poultry keeping after realising the huge deficiency in supply of eggs and meat presented a business oportunity.

My Business

I have a full time job as a network engineer but my business is farming. I have a small farm in Embu, Kenya where I keep a few goats and cows, grow sunflower and raise chicken. I currently have 650 layers and looking to grow the number to 2000 by end of the year. In addition to the layers, i have about 35 goats and 4 cows under the care of 2 hired farmhands. Due to the huge demand for eggs, i buy eggs from other farmers to add to the 120 trays of eggs that we produce in a week. I currently sell 300 trays a week and the demand is still high so i still need to add more chicken.

Loan Proposal

Hello zidisha fam, I'm glad that I finally added 500 new chicks 2 weeks ago and if all goes well they will begin laying in June or July. This now brings my chicken flock to 650 birds and I believe I'm going to attain my target of 2000 birds by December. I rear them using the deep litter system which is more humane than battery cages. This loan is still intended to build up my credit rating so I can reach loans of 10000 dollars and above.

Feedback

3

None

None

  • nicole    Jul 1, 2021

    My second loan - paid on time. I would be happy to lend to you a third time!!

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  • nicole    Aug 17, 2020

    Paid on time - I would be glad to lend to you again!

    Log in to reply • Share
  • guenter    Oct 23, 2019

    Simple payed back very well!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$29.23

Date disbursed

Apr 20, 2019

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: $1.23

Credit risk payment: $7.38

Lenders

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