Loan for a plastic water tank for my poultry farm

Benedict Makau

Kaani Village, Kenya

100% repaid

Entrepreneur

Name

Benedict Makau

Member since

April 2014

On-time repayments

284 installments  •  64%

About Me

I had been a temporal ICT-Tutor for 5 years and resolved to change to Poultry farming because i wanted financial freedom and i also wanted to be near my family. I'm married to one wife with four lovely kids.Being the chief bread winner i use my earnings to cater for my family needs.I also offset a few expenses here and there that come my way in my business.I actually started small with incubation services and i thank God my real work at home job that started from humble beginning has opened doors to other poultry related money making activities.i.e I currently mould innovation clay brooding jikos which are very economical and cost effective and have actually gained very strong popularity in kenya since i'm the sole manufacturer.My hobbies include travelling,Browsing and to be specific i'm a social media enthusiast if i may say.During my free time can spend time researching on new openings on the internet where i can market my products.I also don't hesitate to look for free on-line courses on entrepreneurship so as to match this digital era.

My Business

My poultry farming business is my own work at home job and can proudly say i meet very minimal expenses since i operate from my own premises.The sale of chicks and Innovation brooding jikos are the main source of income.I can confidently say my brooder heater innovation ,good repute are some of the key factors as to why more and more farmers are buying my products.I have also been doing personalised trainings on poultry keeping and this has also worked miracles.I would request for USD 450 loan since i would wish to buy a back up generator.A good and successful hatch requires a serious farmer like me to have a backup generator so that it can pick-up when there is power outage.Something that is very common here especially during this cold season.I have had hatchability rate of about 65% without the generator and i believe if granted the loan to purchase the incubator will increase the hatch rate to 85% or more.

Loan Proposal

With this loan I would like to buy a big plastic water tank with 10,000 litres capacity, worth about USD 562, to cut on water expenses.The other USD 85 will cater for a horse-pipe and transport. I will harvest all the water from all the roofs so that water expenses will be minimal. My business is growing very fast since I joined Zidisha. Other than my poultry I'm finding my self innovating even more clay products and all this requires a lot of water when moulding. All along I have been hiring people to fetch water for me from the river which is not very near thus expensive. I believe this money if saved could be put to some good use. Like for instance my wife Eliza would like to start a poultry project and I believe with such a support she can go to greater heights. Again my four lovely kids will never lack food and school fees. I know myself as a Faithful Entrepreneur and I hope my kind request meets your best consideration.Thank you.

Show original English  

About Me

I had been a temporal ICT-Tutor for 5 years and resolved to change to Poultry farming because i wanted financial freedom and i also wanted to be near my family. I'm married to one wife with four lovely kids.Being the chief bread winner i use my earnings to cater for my family needs.I also offset a few expenses here and there that come my way in my business.I actually started small with incubation services and i thank God my real work at home job that started from humble beginning has opened doors to other poultry related money making activities.i.e I currently mould innovation clay brooding jikos which are very economical and cost effective and have actually gained very strong popularity in kenya since i'm the sole manufacturer.My hobbies include travelling,Browsing and to be specific i'm a social media enthusiast if i may say.During my free time can spend time researching on new openings on the internet where i can market my products.I also don't hesitate to look for free on-line courses on entrepreneurship so as to match this digital era.

My Business

My poultry farming business is my own work at home job and can proudly say i meet very minimal expenses since i operate from my own premises.The sale of chicks and Innovation brooding jikos are the main source of income.I can confidently say my brooder heater innovation ,good repute are some of the key factors as to why more and more farmers are buying my products.I have also been doing personalised trainings on poultry keeping and this has also worked miracles.I would request for USD 450 loan since i would wish to buy a back up generator.A good and successful hatch requires a serious farmer like me to have a backup generator so that it can pick-up when there is power outage.Something that is very common here especially during this cold season.I have had hatchability rate of about 65% without the generator and i believe if granted the loan to purchase the incubator will increase the hatch rate to 85% or more.

Loan Proposal

I purpose to buy a plastic a big plastic water tank-10,000 litres capacity worth about 562 US Dollars to cut on water expenses.The other 85 Us Dollars will cater for a horse-pipe and Transport.I will harvest all the water from all the roofs so that water expenses are minimal.My business is growing very fast since i joined zidisha -Other than my poultry i'm finding my self innovating even more clay products and all this require a lot of water when moulding.All along i have been hiring people to fetch water for me from the river which is not very near thus expensive.I believe this money if saved could be put to some good use.Like for instance my wife Eliza would like to start a poultry project and i believe with such a support she can can go greater heights.Again my four lovely kids will never lack food and school fees.I know myself as a Faithful Entrepreneur and i hope my kind request meets your best consideration.Thanks.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$655.92

Date disbursed

Nov 12, 2014

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $655.92 at 6.00% annual rate over 4 months = $15.57

Service fee: $9.48

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