Materials and free range poultry additions

Fredrick Ochanda Otieno

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Fredrick Ochanda Otieno

Member since

April 2015

On-time repayments

106 installments  •  76%

About Me

I have six sisters and one brother. I have a college level of education and was formally employed until 2010 when I went into self employment. I became interested in free range chicken farming soon after and finally started a small poultry project which I want to move to the next level by not only increasing the number of chicken but also building a larger poultry house. After accomplishing the above two actions, I want to expand the project to include supply chicken feed to other poultry farmers. I have also bought a utility motor cycle to facilitate delivery of chicken orders to customers and other project running requirements

My Business

My poultry farming business currently has 480 chicken which depending on chicken orders from my customers can go up to 530 chicken. Next phase of development is to grow number of chicken I keep to 750 by the end of 2017. This business is of interest as demand for poultry products in the county where it is based is very encouraging. Initial start-up capital was US$160 which I raised from personal savings. My lenders through Zidisha have assisted me to develop the projects to where it has now reached. The income from this venture is good and will help me educate my children, cover other personal expenses and project running expenses. We have now established chicken sales outlets to which we supply poultry products , I will be able to handle the orders efficiently as we now have a delivery motor cycle which I purchased through the last loan I received through Zidisha Inc.

Loan Proposal

The loan advanced will help me buy 10 iron sheet costing US$41 and chicken stock addition US$35 and outside chicken house enclosure US$30. I have so far raised US$150 through own savings for the project. The business not only benefits me to meet my daily family needs but I am able to employ three to four people who will help me operate the business and be able to meet my mum's medication requirements that is so demanding.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.27

Date disbursed

Jun 24, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $3.95

Fredrick Ochanda opted to pay $24.91 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

W

Walter

Victoria BC, Canada

MW

Matt Willis

United States

Sandra

Böblingen, Germany

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