Materials and free range poultry additions
Fredrick Ochanda
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Fredrick Ochanda
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
$100.00
Date disbursed
Jun 24, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
Australia
United States
Summary
Amount repaid
$105.28
Amount remaining
$0.00
Date repaid
Nov 16, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 5, 2015 | $4.21 | Jul 5, 2015 | $4.21 |
| Jul 12, 2015 | $4.21 | Jul 12, 2015 | $4.21 |
| Jul 19, 2015 | $4.21 | Jul 18, 2015 | $4.21 |
| Jul 26, 2015 | $4.21 | Jul 26, 2015 | $4.21 |
| Aug 2, 2015 | $4.21 | Aug 2, 2015 | $4.21 |
| Aug 9, 2015 | $4.21 | Aug 9, 2015 | $4.21 |
| Aug 16, 2015 | $4.21 | Aug 16, 2015 | $4.21 |
| Aug 23, 2015 | $4.21 | Aug 23, 2015 | $4.21 |
| Aug 30, 2015 | $4.21 | Aug 31, 2015 | $4.21 |
| Sep 6, 2015 | $4.21 | Sep 7, 2015 | $4.21 |
| Sep 13, 2015 | $4.21 | Sep 14, 2015 | $4.21 |
| Sep 20, 2015 | $4.21 | Sep 20, 2015 | $4.21 |
| Sep 27, 2015 | $6.32 | Sep 27, 2015 | $6.32 |
| Oct 4, 2015 | $6.32 | Oct 4, 2015 | $6.32 |
| Oct 11, 2015 | $6.32 | Oct 12, 2015 | $6.32 |
| Oct 18, 2015 | $6.32 | Oct 20, 2015 | $6.32 |
| Oct 25, 2015 | $6.32 | Oct 25, 2015 | $6.32 |
| Nov 1, 2015 | $6.32 | Nov 2, 2015 | $6.32 |
| Nov 8, 2015 | $6.32 | Nov 8, 2015 | $6.32 |
| Nov 15, 2015 | $10.55 | Nov 16, 2015 | $10.55 |
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