Entrepreneur
Name
Edwin
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
The loan I have requested will be used as follows:
sheep& Chicken food: ksh 8,000
Renovation : 6,000
Vaccination : 3,000
Transport : 2,000
Labour : 3,000
Expansion: 10,000
Vetenary Services: 2,000
Shade: 6,000
TOTAL 40,000
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
The loan I have requested will be used as follows:
sheep& Chicken food: ksh 8,000
Renovation : 6,000
Vaccination : 3,000
Transport : 2,000
Labour : 3,000
Expansion: 10,000
Vetenary Services: 2,000
Shade: 6,000
TOTAL 40,000
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$399.00
Date disbursed
Oct 21, 2017
Repayment status
Late
Projected term
19 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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