Entrepreneur
Name
Moses
Member since
October 2015
On-time repayments
68 installments • 74%
About Me
My name is Moses Toroitich Benson, from Eldoret Town, Rift Valley Kenya.
I currently keep 50 indigenous chickens in a little house. I collect an average of 30 eggs a day, and the demand for my products is soaring.
In August last year, I decided to take the business seriously and put up a poultry house for my chicken. I constructed a chicken house that is able to accommodate 400 chicken although it still need some little finishing as you can see from the photos I posted on my discussions page. Last month, I brought in 250 one week old chicks and are doing great so far.
My major challenge at this point is finances to feed the chicks for the next three months and to finish construction of my chicken house. I am very glad that Zidisha Lenders will help me to raise the amount needed to finance my project at this stage.
During my free time I like visiting established poultry farmers, researching on the internet, and interacting with other poultry farmers on social media.
I wish to thank Zidisha founders for coming up with this platform in order to assist entrepreneurs to access funds to start or expand their businesses.
My Business
My major source of income is from my salary from employment, having a net income of about Kshs 15,000 (£150). I also do poultry farming, having 50 indigenous chicken, which currently generate revenue of Kshs 7,000 (£70) on average per month.
My clients are individuals and retail shops who buy my eggs for breeding and consumption purposes. My products are fairly priced and that gives me a competitive edge against my competitors. The major risk and uncertainties facing my business is theft and diseases. However I have put up security measures to minimize security threat and ensured all vaccinations of my chicken against all prevalent diseases are in time.
My plan to increase my flock of chicken to 250 within the next six months has already kicked off. I have already bought all the 250 chicks and constructed a chicken house with a capacity of 400 chicken. A loan of £398 (Kshs 39,808) will go a long way in meeting the cost of feeds for the next three months and complete my chicken house structure.
From my 50 chicken, I make a profit of £70. I also earn £150 from my employment and I expect to use my profit and salary savings to service my loan in the next few months until i start selling eggs from my new brood.
Thank you in advance for holding my hand and walking with me through this life changing journey
Loan Proposal
I am an upcoming commercial poultry farmer planning to increase my stock of 50 chickens to 350 over the next six month. I am seeking for Kshs 19,904 (£200) to expand my poultry farm. I will use the funds to to pay for labour cost for construction of the chicken house.
This is my first loan application and I am very optimistic that I will succeed in this project. I would like to thank all Zidisha lenders in advance for helping me achieve my goal. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Nov 19, 2015
Repayment status
On Time
Projected term
19 months
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