Increase egg production for market demand

Mdoe

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mdoe

Member since

July 2014

On-time repayments

290 installments  •  44%

About Me

Am a young man aged 31 years old.am a third born of six members of our family.our family is made up of seven menbers,six children and the mother.My father passed away in 2002.
I live in kenya at nakuru town.
I am a teacher by profession working at mission in action school.
i went through my primary school at githima primary in kuresoi.in 2001 i joined rift valley adventist secondary school untill 2004.
I later progressed to kamagambo teachers college in 2007 and graduated in 2009.
Am currently a4th year student at Kentatta university.
i like travelling,listening to music and watching movies.
am soo poor in choosing a meal to cook for dinner.

My Business

POULTRY FARM
I have 630 layers.
I collect a minimum of 18700 eggs per month converting to 623 crates each selling at $3.In total it earns me a total of $1870
The eggs produced are of good quality and therefore prefered by my customers.Apart from this eggs are in high demand in my town of residence.
The project expenses per month is as follows:
Food 2000kg $880
Medication $100
Electricity bill $10
Caretacker $50
Transport $50
Others $50
TOTAL $50
Profit $1190
Challenges.
The breaking of eggs during packing and transportation.
incase of a disease a hen is lost

Apart from the poultry farm i conduct private coaching where i attend to an average of 30 students in a month.Every student pays a fee of $5 monthly adding up to $150.The tution runs from 5.30pm-8.00pm every Monday-Friday.This is after am done with the employed work.

Loan Proposal

When I get the loan I'll buy forty day old chicks at us$1.1 each.within six months I'll have to spend us$1064 monthly for feeds.I will raise this with the profit am making from the layers i already have.

Once they start laying I'll have an additional 40 eggs pert day which will earn me $150 monthly.The total monthly expenses is $100 it of leading to a net profit of $50 monthly.

this and the usual profit from the established layers will contribute to my savings towards the purchase of a dairy cow.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Sep 11, 2014

Repayment status

On Time

Projected term

3 months

Lenders

ShaneHeneghan

Galway, Ireland, Belgium

L

lamar

lamar colorado, United States

D

dk1234

Netherlands

Matthias Schulz

Berlin, Germany, Germany

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  • Mdoe    Mar 31, 2020

    Business collapsed

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  • Mdoe    Nov 13, 2018

    Hi lenders,i have not defaulted the loan.am still committed to paying it to the full and still request for more starting end of this month.sorry for the inconvinience caused.thanks

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  • Jacob    Sep 3, 2018

    Hi lenders, Samson had promised to pay August this year but he says things have not worked well as he thought , however he is still optimistic to pay before the year end . VM

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  • SammyGeorge    Jun 15, 2018

    Tell Samson just do his best and keep in touch so that he can borrow another time. Best Wishes

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    • Mdoe    Jun 15, 2018

      I will...by August I’ll be through with this loan.am looking forward to grow with Zidisha.

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  • Jacob    Jun 11, 2018

    Hi lenders, Samson is working on his financial troubles, he is planning to clear his obligations by July. VM

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  • Mdoe    May 9, 2018

    hello lenders..i appreciate your patience with me.It has been a tough period for me but soon,probably from July all will be well.I hope to clear my loan before the end of November 2018 and keep moving with you.THANKS ALOT

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  • Jacob    Mar 14, 2018

    Hi lenders, Samson says things have not yet gotten better, but has a desire to pay. he is working towards accomplishinh his obligations. VM

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  • Jacob    Jan 31, 2018

    Hi lenders, Samson is planning to start paying again in the course of next month. He is struggling with his business but hope to get better. VM

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  • Jacob    Dec 27, 2017

    Hi lenders, I have talked to samson and has promised to start paying again in January. His business had gone down but hope to get better. VM

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  • Mdoe    Dec 10, 2017

    To my lenders,
    Thankyou for your patience with me.am hoping to get back on my feet soon.all has not been well but things are working out better.I look forward to meeting my instalments.thanks

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  • Mdoe    Dec 10, 2017

    Am okey Sammy.am hoping to pay in full soon.thanks

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  • SammyGeorge    Dec 5, 2017

    Thank you for the payments Mdoe. I hope you are well.

    Best wishes

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  • Jacob    Nov 10, 2017

    Hi lenders, i have talked to Samson and it seems things are not going so well for him, however he has a desire to his loan soon. VM

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  • Jacob    Sep 5, 2017

    I have talked to Samson today and he is hoping to get back on track by next week, He has faced some financial strains but dealing patiently with it. VM

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  • SammyGeorge    Jul 8, 2017

    Thanks for the payment Mode. I hope things are going well for you.

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  • Mdoe    May 12, 2017

    thanks all for your support...I am still strong amid a few challenges

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  • SammyGeorge    May 10, 2017

    Best Wishes Mdoe. I hope everything is going well again for you. Thanks for the payment.

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  • Jacob    May 4, 2017

    Mdoe is just undergoing some financial challenge but plans to pay soon. VM

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  • Mdoe    Apr 1, 2017

    joining zidisha has been the best thing for me.I have been able to grow my business more than I thought.I look forward to grow more and more with you people.thanks alot

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  • SammyGeorge    Feb 28, 2017

    Thanks again with best wishes.

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