Diversifying by adding sheep to my poultry farm

Edwin Wakhungu

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Edwin Wakhungu

Member since

February 2015

On-time repayments

178 installments  •  45%

About Me

My name is Edwin Munyole Wakhungu, a resident of Kenya in Africa. I am the 6th born of a family of eight. I was born in a humble background leading to my attaining an average education. I managed, though, to get to university through parallel programme where I attained my undergraduate degree in commerce accounts. My time at the university was not easy at all because of lack of school fees; I had to defer my studies twice. I struggled to pay my school fees through bursary funds and higher education loans board. I am a believer and always pray with conviction that God is able to do anything and that is why I am a living testimony of what He did for me at my schooling time.

During my time at school, I realized the need in the society where I came from of chicken consumption. There is great demand from every quarter whereas the supply can't meet the demand even if the price is tripled. This led me to the poultry kind of farming, specializing in chickens. In Kenya, the western side is mostly known for its love for chicken and that makes the market more accessible.

I am still growing, aspiring to have a family one day. Farming in general is what I aspire to do and would love to incorporate my family if they would be willing. I love reading and that is what I do when I am free.

My Business

Currently, I have 16 grown up chicken and 12 chicks. I have been doing this from my mother's kitchen. I do chicken-rearing as my business and I do it upcountry. The demand is high because of different customers and one can also sell to middlemen who will later sell to the final consumer. We sell chicken for eggs and meat. I am also planning to construct chicken waste collection which I can later sell as manure. I chose this kind of business because most of the people run to middlemen and most people aspire to be middlemen which leads to more people demanding with less supply. Moreover, the western part of Kenya is associated with chicken consumption which means a ready market at any given time.

My First Loan
My initial loan was KSh 8,663 which translates to around 100 Dollars. The past one year, I managed to generate a revenue of KSh 5,678 almost equals to 66 Dollars with my initial cost still intact. I haven't done anything with my profit yet because my immediate plan is to construct a chicken house so that I can move them out of my mother's kitchen and expand them. Where I currently house them, they are congested and this can easily cause diseases. The amount I have from profit is too little to construct that chicken house; that is why I was privileged to get informed about Zidisha and I decided to try my luck to source for more funds.

My Second Loan
The chicken house is partially done and I am happy and I am happy for Zidisha to have made it possible. The space is now conducive to accommodate the numbers I currently have. Now, my next move is to expound the farming with anticipation of December Sell which I am targeting will bring a lot of profit.
Currently, I want to buy: 30 egg-laying chickens at KSh 300 each, giving a total of KSh 9000; broilers reared for meat 20 chickens at KSh 250 each, giving a total of KSh 5,000, and the chicken food plus labour @ KSh 5,000. This will take me to a total of KSh 19,000. I am sure to repay the loan through my casual jobs as I have already indicated I am able to pay. I am hoping this investment is more than able to generate KSh 60,000 or more in terms of revenue at the end of the year.

Loan Proposal

I hope to start (and grow) sheep rearing. I have had enough experience with poultry keeping but it does not mean I have left the project I initially started with. I am just growing and diversifying. I hope this loan will be of great help. I hope I will be able to penetrate in agribusiness and help out in my community.
Sheep KSh 7,500
Renovations KSh 8,000
Animal feeds KSh 6,500

Show original English  

About Me

My Name is Edwin Munyole Wakhungu, a resident of Kenya in Africa. I am 6th born of a family of Eight.I was born in a humble background leading to attaining average edudation.I managed though to get to university through parallel programme where I attained my undergraduate degree in commerce accounts. My time at the university was not easy at all because of luck of school fees and I had to defer my studies twice. I struggled to pay my school fees through bursary funds and higher education loans board. Am believer and always pray with conviction that God is able to do anything and that is why am a living testimony of what He did for me at my schooling time.During my time at school I realized the need in society where I came from of chicken consumption.There is great demand from every quoter whereas the supply cant meet the demand even if the price is tripled.This led me in poultry kind of farming specializing in chicken.In Kenya western side is mostly known for its love for chicken and that makes the market more accessible .Am still growing aspiring to have a family one day.Farming in general is what I aspire to do and would love to incorporate my family if they will be willing.I love Reading and that is what I do when am free

My Business

Currently I have 16 (sixteen) grown up chicken and 12 (Twelve ) chicks.I have been doing this from my mothers kichen.I do chicken rearing as my business and I do it upcountry. The demand is high because of different customers and one can also sell to middlemen who will later sell to final consumer.We sell chicken for eggs and meat. Am also planning to construct chicken waste collection which I can later sell as manure. I choose this kind of business because most of the people run to middlemen and most people aspire to be middlemen which leads to more people demanding with less supply. Moreover western part of kenya is associated with chicken consumption which means ready market at any given time.My initial cost was Ksh 8,663 which tranlates to around 100 Dollars. The past one year I managed to generate a revenue of Ksh 5,678 almost equals to 66 Dollars with my initial cost still intact. I havent done anything with my profit yet because my immediate plan is to construct A chicken house so that I can move them out of my mothers kitchen and expand them because where I currently house them they are conjested and this can easily cause diseases. The amount I have from profit is too little to construct that chicken house that is why I was priviledged to get informed about and decided to try my luck to source for more funds.
My Second Loan
The house is partially done and Am happy and am happy for to have made it possible.The space is now condusive to accomodate the numbers I currently have.
Now my next move is to expound the farming with anticipation of December Sell which am targeting will bring alot of profit.
Currently I want to buy 30 Egg -laying chicken at Ksh 300 each. Giving A total of Ksh 9000.Broilers reared for meat 20 chicken at Ksh 250 Each giving atotal of Ksh 5,000. and the chicken food plus labour @ Ksh 5,000. This will take me to atotal of ksh 19,000.
Am sure to repay the loan through my casual jobs as I have already indicated I am able to pay.Am hoping this investment is more than able to generate Ksh 60,000 or more in term s of revenue at the end of the year.
I have espanded that apart from chicken I now have sheep. Am expecting good harvest from these two projects so that atleast next year I start with a cow. I just want t create an empire in livestock.

Loan Proposal

Sheep 7,500
Renovations 8,000
Animal feeds 6,500
I hope to start and grow sheep rearing. I have had enough experience with poultry keeping but it doenot mean I have left the project I initially started with but am just growing and diversifying. I hope this loan will be of great help. I hope I will be able to penetrate in agribusiness and help out in my community.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Mar 20, 2017

Repayment status

On Time

Projected term

9 months

Lenders

Paul Buchheit

Mountain View, United States

D

DandS

United States

L

luckiestmonkey

United States

M

me.iulian

Iasi, Romania

Fred

Germany

YM

Yelka Mikolji

United States

Diego

Monza, Italy

P

Peter

Bratislava, Slovakia

R

Ryan

United States

Carlo Cruz

Cincinnati, OH, United States

RC

Rudi Chen

United States

C

Carlene

United States

Majella

Dublin, Ireland, Canada

JA

Jason and Sandra

Toronto, Canada

K

Konstantine

Prokopievsk, Russia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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