Loan to purchase chicken feeds, solar heater & vaccines
Esther
Nyasumbi Village, Kasgunga, Kenya
100% repaid
Entrepreneur
Name
Esther
Member since
May 2015
On-time repayments
138 installments • 76%
About Me
I am Esther Ogutu, 53years of age. I am married to Mr. Olela Odongo of Kasgunga Ward in Homa Bay County. Our marriage is blessed with six children (4 boys and 2 daughters). Am the 2nd born in a family of 6. Grew up in a rural set up hence adhered to the hard times and tough conditions but I thank God I made it through. Attended primary education in my rural village of Mihuru in Homa Bay County hence started having a keen interest in owning up my own business in future.
I did not continue with my education after sitting for my primary education final examinations in 1980. I got married and since my husband was unemployed, we had a good opportunity to start an income generating activity that could financially support our young family. This is what led us to start small-scale poultry keeping in mid 80's and we have done it on a relatively small scale but on a sustainable basis to date.
My hobby is watching nettball and visiting the needy in orphanages and hospitals whenever am free.
My Business
I am doing poultry rearing (indigenous chickens for meat and eggs laying). The business has been facing a series of challenges due to chicken sicknesses and lack of chicken vaccinations. I am seeking a low interest loans to enable expand my business and do a profitable venture as there's a huge demand of eggs in my Mbita community as this is a fishing community and eggs are in high demand.
My eyes are still set on my long-term goal of being one of the major egg producers in my locality. I will certainly not be able to realize this goal without continuing to expand my business. I now have 150 chicks that I bought and have started to lay eggs that I supply to local hotels and other establishments with a good return. It is for this reason that I want to expand my business further to meet demand for eggs that I know for sure will still grow.
I now wish to improve my old dilapidated chicken house in which I will be able to house a big number of layers. This is with the aim of realizing my long-term goal of being one of the major egg producers in my locality.
Loan Proposal
I am seeking a loan of KES 57,018 to enable me buy 8 Bags of Poultry Feeds at a cost of KES 3,800 x 8 = KES 34,200, Vaccines at a cost of KES 3,000 and solar heating system at a cost of KES 20,000.
With the adequate poultry feeds and solar powered system for my poultry business, I will be able to keep more birds and re-sell them at a very competitive pricing due to heavy weight and quality of eggs. The increased profit will be used to meet University Education for my last born daughter.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$579.00
Date disbursed
Jun 3, 2016
Repayment status
On Time
Projected term
36 months
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