Loan to expand my poultry farm

Alex

Naari, Kenya

100% repaid

Entrepreneur

Name

Alex

Member since

April 2014

On-time repayments

259 installments  •  55%

About Me

My name is Alex murithi. I am a young Kenyan graduate from Chuka University class of 2015 November. I come from a humble family of 3 siblings .Thanks for taking your time to read through my Zidisha profile, apart from studies I have always had a passion for business.
I have always been passionate in changing and expanding the mindset of young people towards entrepreneurship. The types of business I do include freelance writing and forex trading.
I have been in these businesses since I joined college and they have helped me to cater for my expenses as well as pay school fees for my younger sibling.
Having gained some good wealth of experience, I do train, mentor, employ young people interested to join these type of business and any other online jobs I have knowledge about. The reason I have ventured in business is due to the high rate of unemployment in Kenya. I therefore decided to take lead in investing time in learning skills in these online jobs that can make me self-independent . Some of my hobbies include reading, networking, swimming, travelling and writing articles. I am sure we can tackle the unemployment rate in our country by teaching young people to work online and I wish to train as many as possible youths to earn some income from these exciting online ventures.

My Business

My two major sources of income come from my Forex trading business and freelance writing. I also run some transport/logistics business aside. I trade stocks and indices as well as offer my writing skills to companies and individuals in need of content. Apart from doing these I also train, mentor and employ young people ready to learn the above named skills. I am currently running these Trainings and mentorship programs under my platform known as Brains With Concepts. My main aim is to encourage youths to solve unemployment through entrepreneurship through learning skills such as content curation and trading currencies and stocks.
I have been doing the training part time, but now I want to do regular training and recruit more youths into entrepreneurship. These services are on high demand because of the high unemployment rate among graduates in Kenya. Costs incurred during my training sessions include hiring a standard conference room, hiring presentation gadgets and payment of some trainers I invite during my meetings. These may total up to 700$ for a session that may take 1 week. I charge 100$-200$ for these workshops inclusive of a mentorship package we offer to the trainees where we guide them untill they are able to make consistent income using the skills learnt. I use the profits in paying office bills, enrolling for other courses to sharpen my skills and re investing in other offline ventures.

Loan Proposal

When I get this loan 100$ will be used for expansion/upgrading of the exiting poultry house. This is essential to ensure the 2000 chicks get enough inflow of clean air and ample feeding space. The existing structure is able to hold a maximum of 300 chicks only. With each chick costs 200ksh which is 2$ US, I will therefore use 400$ to buy more chicks to hit the total 2000 target. Some of the few coins saved will be used for transporting the chicks. 100$ will be used to buy drinkers and feeding troughs. These are very essential considering the number of chick intended to raise. A modern drinker system will also be installed within this budget to reduce contamination. 200$ will be used to buy feeds and medicine. Feeds are quite costly and in the long run I look forward to starting my processing plant to save feed expenses. Vaccines are very essential and will be offered on regular basis to keep off infections from the flock. I will top up the remaining 100$ with my savings to buy a 2000 egg capacity Incubator that will be used to hatch eggs in the coming few months when the flock starts laying. I intend to hatch and sell the chicks to my local community members at a fair price.
This is the most interesting part of business, and shows how my business is quite profitable. Considering the hens ray with a success rate of 50%, I will be getting 1000 eggs in a day. In a month I will have 4000 eggs. Half of these will be incubated and sold as young chicks, each selling at 150ksh which is quite fair unlike other dealers who sell at 200-300. With 2000 eggs, being sold at 200ksh each I will make 400,000ksh. The rest of the 2000 will be sold as eggs, each selling at 20ksh bringing 40,000ksh in a month. It means I have a total income of 440,000ks in a month. 50% will cater for expences such as food, electricity, medicine and regular checkups from experts, transport and marketing. I will therefore be making a profit of 200,000ksh in a month. I intend to use online marketing using a website, SMS, whatsap and facebook Ads an art which has not been used by local farmers. I will also shoot videos and use pictures for marketing purposed while educating any potential farmers to join the lucrative poultry business. Please help me make my poultry dream business a reality. Thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$919.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

24 months

Lenders

Kitty

Hailsham, United Kingdom

mbunifu

San Jose, United States

M

Meckel

Boulder, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

MakeSense

-, St. Kitts and Nevis

C

cjmenchaca

Austin, United States

P

Piccolo

London, United Kingdom

B

BronxJose

Bronx, United States

M

MarleyZiggy

Colorado, United States

J

jgrauel

Zurich, Switzerland

Aggul

London, United Kingdom

W

woodleycw

Ottawa Ontario, Canada

M

mikecook

San Francisco, California, United States

Jeff and Marcie

Portland, OR, United States

4

42Theo

London, United Kingdom

B

blahblah

Nuernberg, Germany

M

mrhanky1

melbourne, Australia

J

jjiffer

Seattle, United States

N

NancyG

Victoria, Canada

jmsquared

Seattle, United States

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

MichaelR

Los Angeles, United States

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

C

Corrino

Sofia, Bulgaria

M

matts

New York, United States

P

proby24

Singapore, Singapore

phytoplankton

United States

T

tmsaddress

Orlando, Florida, United States

B

BalaVent

Las Vegas, United States

B

Becks

Dubai, United Arab Emirates

TheMoonDuster

Brisbane, Australia

nelson637

Greenbrae, California, United States

T

teanuh

Littleton, United States

A

Annana

Kanata, Canada

B

blairan

Baltimore, United States

M

michalbette

melbourne, Australia

pbosakov

Sofia, Bulgaria

KatyRose

Manor, Texas, United States

skoch

Oslo, Norway

dajawein

Gladstone, Australia

FlamingFreedom

Manchester, United States

JesseEXPRESS

Arlington, United States

F

fourstarsfamily

Melbourne, Australia

B

Bouwina

Rotterdam, Netherlands

T

Talex

Nürnberg, Germany

S

suzerain

Kuala Lumpur, Malaysia

B

BartenKatrijn

Ghent 9000, Belgium

P

portlandloans

Portland, United States

F

fake_name

Boston, United States

W

wissu

Brüttisellen, Switzerland

K

kloden

Chicago, United States

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

IA

Ismini and Jerry

Stamford, USA, United States

A

aiban

Austin, United States

S

Sabine

Courtenay, Canada

DukusP

Glendale, United States

D

doinggood

Missoula, United States

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

D

dlugi

Krefeld, Germany

P

pedromaster88

torra pallavicina, Italy

AdvancingCompassion

San Diego, United States

A

Aastra

Los Angeles, United States

dtsuji59

Brampton, Canada

S

Scampi

Overland Park, United States

dhulsterwim

LIER, Belgium

E

erogers

Vancouver, Canada

E

EnriqueD

Madrid, Spain

H

HobbyCollector

Beach City, United States

H

howard

Vence, France

stever

Cape Coral, United States

D

doublehelix

Philadelphia, United States

C

Clben7

Cincinnati, United States

M

martyb

United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

D

DaveElliott

United Kingdom

S

sarah4d2

Saint Louis, United States

T

thenwhen

United States

mepster

San Francisco, Ca, United States

AndrewNeu

Ho Chi Minh, Vietnam

V

vbud

United States

J

JonAlec

United States

Grant Xavier Storer

Seattle, Wa, United States

K

Keith

Luxembourg

S

satheajay

United States

SuperMario28

Cudahy, United States

JP

James Parker

Sacramento, United States

M

Marcus86257

United States

Veeti

Helsinki, Finland

MW

Matt Willis

United States

Elly

Woudrichem, United Kingdom

Craig

Memphis, TN, United States

Thomas

Mueller, Germany

KL

Kevin Law

United States

M

Marc

Newcastle upon Tyne, United Kingdom

BB

Ben Bellows

United States

F

Frits

Rotterdam, Netherlands

AH

ajay hampapur

United States

Elise E

United States

Ryan Keller

Hong Kong, Hong Kong

J

jennie

Guatemala

Craig Newmark

United States

E

Erik

Frankfurt/Main, Germany

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

D

Dalton

San Francisco, United States

Haroon S

United States

A

Anonymous

United States

A

Anonymous

United States

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