Incubator power backup and hatching

Timothy Senerwa Katizi

Lanet, Kenya

5% repaid

Entrepreneur

Name

Timothy Senerwa Katizi

Member since

January 2015

On-time repayments

246 installments  •  64%

About Me

Am Timothy Katizi born 1/1/1974 in a family of six children, five boys and one girl. All are married with Children but the second born died in the year 2009 leaving his three children and a wife.

Our childhood had a lot of challenges because our parents tried very much to make the ends meet. They tried their best and we really appreciate them very much, though my father died in the year 2004. I went through Nursery and primary and secondary school in the same area (Nakuru) and did 12th grade in the year 1993. I am employed and I have always wanted to give my children a better life than what I had. Then I discovered that it is not possible if I only depend on employment. At times things get tough that I find myself going round and round.

That is when I thought of starting something that I have been longing to do for a long time to supplement my income. I bought a few chicken of a local improved breed because of their resistance to diseases. I live in a cosmopolitan town with people from different tribes and cultures. But generally the culture is the one of interdependence, most people depend on the relatives who seem to have made a step in life. Some relatives enjoy to be kings and give some handouts while others try and help the other relatives at least make a step in life so that they can walk together.

My first born is a girl and did her 12th grade last year. She did well in school and is planning to take a nursing course come this September. She had wanted very much to become a doctor but her grades did not permit her to pursue that course. The second born is hi third year in high school this year and he desires to become a pilot. The third born is a boy in primary school standard six and the last on is in Pre- Primary two. We are one happy family working together for the benefit of each other.

I enjoy travelling and new adventures. I also like helping people solve their problems, that gives me satisfaction.

My Business

First of all I am employed and on a monthly salary basis. But life is proving to be more difficult because the standard of life is growing more than the increment of the salary. I work in a Bible school as an Editor/Translator. Our Bible lessons are in English, so we are translating them into Swahili.

The business or the project I have mentioned above are supplementary income for now and as I see them five years from now it is will bring more income even more than employment. I have to do something in preparation because the dreams of my children's future is very costly.

I have chosen these area because I have a passion for poultry farming. I have seen success so far an wish to grow and specialize in the same area. I also have space and I have done some research on the same of which I am applying practically and I see it works. Given a boost, I know things will work and the income will grow.

My incubator has been working fine but with electricity challenges I have encountered some loses which was making my business not to be profitable. I bought a small generator of 950 Watts which was unable to power it. With the new generator that I want to buy, I will be able to have a back up that will power it when the electricity is off. There is cry from my neighborhood who were benefiting from the sale of day old chicks, a week old, a month old and even mature can cannot wait long enough. We do not have a hatchery close by and when they want chicks they have to travel quite some distance to buy some.

I also offer hatching services, when am not incubating my own eggs, the neighbors use the incubator at a fee of 0.5 U.S.D per egg for the entire incubation period. I will use this profit to expand and send my girl to college. This will also improve my family's living standard and we will also continue benefiting from the animal protein and eggs.

Loan Proposal

LOAN PROPOSAL
Generator 2.5 KVA = USD 340
Eggs 17 flats (of 30 pcs each) @ 10 = USD 170
Electricity 3 times of hatching = USD 60
Fuel for power back up = USD 10
Vaccines and Antibiotics = USD 30
Start up feed 6 bags of 50 kgs each = USD 132
TOTAL LOAN REQUEST = USD 742

INCOME AND EXPENDITURE FOR SIX MONTHS PERIOD
ESTIMATED COST FOR HATCHING (Three times)
Eggs 17 flats of(30 pcs)each @ 10 = USD 170
Electricity bill/power backup fuel = USD 70
Incubator cleaning and maintenance= USD 25
TOTAL = USD 265

ESTIMATED EXPENSES
Feed for six months.
Day 1 to week 6 months
Feed 60 bags for 425 chicken at a hatch rate of 85% = USD 1,150
Medication and vaccines = USD 50
Transport and Misc. expenditure = USD 100
TOTAL = USD 1, 300

ESTIMATED INCOME AND PROFIT
Incubation services three hatches
Three hatches @ 0.5 USD per egg for 500 eggs = USD +250
Electricity for three hatches of 21 days each = USD -60
Fuel for power backup generator three hatches= USD -10
Incubator cleaning and maintenance 10% of 250= USD -25
Estimated profit from three hatches =USD 155

Sale of cocks at an estimate of 50% of the total birds and at a
mortality rate of 10% = 200 cocks @ 8 = USD 1,600
Sale of eggs for 200 hens at a laying rate of 60% for forty days
Which will take us to six months @ 0.1 = USD 480
TOTAL INCOME PLUS A LOAN OF USD 742 FOR SIX MONTHS IS USD 2927

TOTAL EXPENDITURE FOR SIX MONTHS IS USD 1,905
PROFIT IS USD 978

If divided by 6 the monthly profit is USD 163

I will use this profit to pay for my daughter’s college fee and cultivate the rest back into the business. This will be of assistance to the family and the entire neighborhood.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$748.74

Date disbursed

Jul 3, 2018

Repayment status

Late

Projected term

19 months

Cost to entrepreneur

Service fee: $31.55

Credit risk payment: $94.65

Lenders

T

ToddK

Indianapolis, IN, USA, United States

JO

Johan O

Borlänge, Sweden

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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

Loading...

Loading...

Loading...