Name
Onesmus
Member since
February 2016
On-time repayments
24 installments • 75%
I have been brought up in a farming family from where I started passion for farming. Having brought up in Central Kenya, poultry farming was not that attractive especially considering the cold climate. However, after completing school and going to the town, I realized that poultry farming is a lucrative business that has the potential to earn one high income. My vision is make Sirndos Farm the leader in indigenous chicken business. My mission is to contribute to a healthy nation by increasing the supply of healthy meet, to address hunger problems while promoting healthy eating.
Sirndos Farm currently specializes with Indigenous Chicken mainly KARLO Improved Kienyeji. We purchase day-old chicks from suppliers and rear them until about six months when we sell them for meat. In the process, we make some profit. The cycle continues. We intend to invest in incubators so that we not only hatch eggs from our healthy flock, but also engage in research activities to get the best breed mix for our business needs.
I will add this money to my savings to purchase feeds for my 50 birds. I require one bag of maize germ to mix with one bag of grower marsh to take my flock through 20 days. One bag of maize germ goes for about $12.2 while a bag of grower marsh goes for about $22.2. If I get this loan and add to my savings, I will purchase enough feeds to take my flock through the month of November after which they will be mature enough to fetch good prices considering that demand will increase as December approaches. In addition, I intend to grow my borrowing limits so that in future I can grow my business to ensure that I sell at least six mature birds a day. Consequently, the business will be able to employ people to take care of the flock and perhaps to sell poultry meat upon opening chicken butcheries.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Oct 31, 2016
Repayment status
On Time
Projected term
5 weeks
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