Increase more chicken for my chicken venture
Vincent
Nyeri, Kenya
22% repaid
Entrepreneur
Name
Vincent
Member since
March 2014
On-time repayments
322 installments • 6%
About Me
Am young 24 years old motivated persistence and hardworking. Am in a family of five father, mother, sister and one brother. Am well educated still pursuing my degree at Mount Kenya university doing purchasing and supplies management. Am the bread winner of the family as a first born son I have been involved in varies business in sales but since 4 years ago I have been focused in chicken broilers for meat and it has always worked for me as I have been able to pay schools my schools fees and also for my brother and sister and also for the upkeep of our family. Now I have joined in my parents in the venture and they are playing a big role in the business. I did build another house to increase the number of chickens 3 months ago but due to financial constrains I have been unable to proceeds till now I was introduced to zidisha by a friend.
My Business
First ild like to thank the zidisha team for helping fund my loan. I was able to increase the size of my chicken house using that amount and also increase the number of chicken from 500 to 700. I was also able to plant 2000 cabbages and 500 tomatoes which i expect i will get good profits from them since it is the pick season. After the sale of the chicken, cabbages and tomatoes i expect to make around an average of 80,000 to 90,000 kshs thats around 1000 dollars and will use my next zidisha loan to increase the number of chicken,since my chicken house can accomodate 1500.
Loan Proposal
The loan will greatly help in improving my chicken business. I will buy more chicks,chicken feed and feeding troughs. Most of the money will go to buying chicks thats about 200 $,80 $ will go to buying chicken feed and the rest to buying feeding troughs. Using the previous loan i was able to increase the capacity of my chicken house to house 1500 chicken,using the loan and the money i got from my last sale i will be able to increasing the chicken to 900. The profits i get from the sale of the chicken i will be able to pay my university fees and also assist with paying my brothers high school fees and also work on increasing the number of chicken.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$295.00
Date disbursed
Jun 24, 2014
Repayment status
Late
Projected term
73 months
Other loans
Lenders
Germany
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guenter Apr 13, 2018
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