Increase number of chicks and expansion of house

Stephen

Kenya Wine Village,nairob, Kenya

26% repaid

Entrepreneur

Name

Stephen

Member since

February 2014

On-time repayments

38 installments  •  42%

About Me

I AM A FIFTH BORN IN A FAMILY OF TWELVE CHILDREN,MY DAD HAS TWO WIFES,AM FROM THE SECOND WIFE,I WAS RAISED IN A SLUM VILLAGE OF KENYA WINE SINCE MY CHILDHOOD,I COMPLETED MY O-LEVEL EDUCATION AND WAS UN ABLE TO JOIN A COLLEGE BECAUSE I HAD TO PAVE WAY FOR MY OTHER SMALLER SIBLINGS,CURRENTLY AM STILL IN THE SAME VILLAGE,MY CCUPATION IS CHICKEN REARING,THAT IS POULTRY.I DECIDED TO VENTURE IN THIS BUSSINESS BECAUSEMY MOTHER USED TO REAR CHICKEN AND I GOT INSPIRED ALOT SINCE IT CATERED FOR OUR SCHOOL FEES.I PURCHASED TWENTY CHICKS,CHICK MASH(FOOD),BUCKETS FOR WATER,CHICKEN FEEDER AND TROUGH.

My Business

MY SOURCE OF INCOME IS PERSONAL,MY GOODS INVOLVES CHICKEN,EGGS,THERE IS ALOT OF DEMAND BECAUSE I SUPPLY TO INDIVIDUALS, RESTAURANTS AND SHOPS,I HAVE MANY CUSTOMER BECAUSE THEY LOVE MY SERVICE AND THE GOOD COMMUNICATION QUALITIES I POSSESS,I ALSO DISCOUNT THEM WHEN THEY BUY IN LARGE NUMBER,THE BUSSINES IS PROFITABLE BECAUSE I SUPPLY FROM MY HOME DIRECTLY NO INTERMIDEATE,ALSO I CAN SELL FULL GROWN UP CHICEN FOR MEAT HENCE DOUBLE PROFIT.I ALSO FACE RISKS SUCH AS DISEASE OUTBREAK ,INADEGUATE FUND TO FUND FEED DUE TO ITS HIGH PRICES,MY MONTHLY COST IS TWENTY FIVETHOUSAND(KSH25,000),WHEN I DEDUCT ALL THE EXPENSES I REMAIN WITH FIVE THOUSAND SHILLINGS(KSH5,000) AS PROFIT,HENCE A GOOD BUSSINESS.

Loan Proposal

I WANT TO INCREASE THE NUMBER OF MY CHICKEN AND TO BUY MORE FEEDS SINCE THEY CONSUME A LOT,ALSO I WANT TO BUY MEDICATION SINCE ITS PRONE TO DISEASES,I ALSO WANT TO MAKE AWARENESS TO PEOPLE TO MAKE A TRY ON WHITE MEAT SINCE ITS NUTRITIOUS.THIS IS THE LAYOUT OF HOW I WILL BREAK DOWN THE CASH:
-5000 WILL BUY 20 MORE CHICKEN
-4000 WILL BUY MEDICATION FOR THE CHICKEN PLUS FEEDS
-1000 WILL CATER FOR TRANSPORT AND AWARENESS
-1000 WILL RENOVATE THE CHICKEN HOUSE
WHEN I INCREASE STOCK, THE PRODUCTION WILL INCREASE AND THEREFORE I WILL MAKE MORE PROFITS.OF COURSE MY LIFE CANNOT BE THE SAME AGAIN, MORE PROFITS BETTER LIFE.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 11, 2014

Repayment status

Late

Projected term

8 months

Lenders

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

S

sirius

Lauterach, Austria

C

cjmenchaca

Austin, United States

S

Snake707

Somewhere, Germany

rasmus

Bern, Switzerland

T

Tui1974

nuenen, Netherlands

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

M

meric

Australia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Stephen    May 28, 2014

    i intend to reschedule my loan because at the moment i receive some cash from sales of my by-products.also i want to thank zidisha and lenders for empowering the youth here in kenya,you are doing recommendable job and kudos,am also a beneficiary,i am now getting to know how good it is to be self entrepreneur.

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  • Stephen    May 27, 2014

    the chiks are growing on well...thanks zidisha for the fund...and all lenders kudos for the good work o making a reality to youth who dont have jobs...through this organization i can say it has been of help.

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  • Stephen    Mar 15, 2014

    thanks zidisha for the loan you gave me,it has helped me alot,but now i face i big crisis,since the business is not picking as i thought,i ask zidisha to help me by giving me some time but when things get back to normal i will ensure i repay immedeatly to how it was and rescheduling.also i added another stock to supplement for my business that is why i face shortage of cash

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