Acquiring KARI improved Kienyeji chicks

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

In my update of what i did with my previous loans, I have mentioned increasing capacity of my existing chicken farm since the poultry structures are full. I used previous loans to get materials for the new chicken houses and I will now place my order for KARI improved kienyeji chicks. The breeder has a waiting list of 6 weeks and i will prepare to receive them after this period.

Income Source

I have been lucky and blessed to avoid the worst of the economic impact of Covid 19. The fact that i am in the essential business of food production has cushioned me from the full effect of the pandemic. On the market end, while a lot of people have experienced eroded purchasing power, their expenditure on food and agricultural products has actually risen due to the prolonged stay at home. The closure of schools also means that families have higher demand for my produce.

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

$304.34

Date disbursed

Aug 17, 2020

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $25.64

Credit risk payment: $30.78

Optional expediting fee: $25.64

Lenders

nicole

Worcester, Ma, United States

Paul Buchheit

Mountain View, United States

DL

Daniel levy

United States

A

Axel

Berlin, Germany

Ask Simple a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$304.34

Amount remaining

$0.00

Date repaid

Jul 1, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 26, 2020 $25.36 Aug 27, 2020 $25.36
Sep 2, 2020 $25.36 Sep 9, 2020 $25.36
Sep 9, 2020 $25.36 Sep 9, 2020 $25.36
Sep 16, 2020 $0.00
Sep 23, 2020 $0.00
Sep 30, 2020 $15.28 Oct 2, 2020 $15.28
Oct 7, 2020 $15.28 Oct 18, 2020 $15.28
Oct 14, 2020 $0.00
Oct 21, 2020 $0.00
Oct 28, 2020 $0.00
Nov 4, 2020 $9.86 Nov 15, 2020 $9.86
Nov 11, 2020 $9.86 Dec 4, 2020 $9.86
Nov 18, 2020 $0.00
Nov 25, 2020 $0.00
Dec 2, 2020 $0.00
Dec 9, 2020 $4.94 Dec 14, 2020 $4.94
Dec 16, 2020 $4.94 Dec 18, 2020 $4.94
Dec 23, 2020 $4.94 Dec 25, 2020 $4.94
Dec 30, 2020 $0.00
Jan 6, 2021 $0.00
Jan 13, 2021 $0.00
Jan 20, 2021 $0.00
Jan 27, 2021 $8.70 Jan 28, 2021 $8.70
Feb 3, 2021 $0.00
Feb 10, 2021 $0.00
Feb 17, 2021 $0.00
Feb 24, 2021 $0.00
Mar 3, 2021 $8.70 Mar 7, 2021 $8.70
Mar 10, 2021 $8.70 Mar 20, 2021 $8.70
Mar 17, 2021 $8.70 Mar 20, 2021 $8.70
Mar 24, 2021 $8.70 May 3, 2021 $8.70
Mar 31, 2021 $8.70 May 3, 2021 $8.70
Apr 7, 2021 $25.36 May 3, 2021 $12.16
Jun 13, 2021 $13.20
Apr 14, 2021 $25.36 Jun 13, 2021 $25.36
Apr 21, 2021 $25.36 Jun 13, 2021 $10.70
Jul 1, 2021 $14.66
Apr 28, 2021 $11.12 Jul 1, 2021 $11.12
May 5, 2021 $11.12 Jul 1, 2021 $11.12
May 12, 2021 $11.12 Jul 1, 2021 $11.12
May 19, 2021 $1.49 Jul 1, 2021 $1.49

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