Entrepreneur
Name
Philip
Member since
July 2013
On-time repayments
82 installments • 52%
About Me
I am Philip Omekede from Awata, Okuleu location, Teso North District, Busia County. I have gone to school up to Diploma level and I passed my well. Currently am running a poultry farm. I started this project two years ago and I mainly do for commercial purpose. I started this project with just a cock and 2 hens and Currently, I have 101 chickens in my farm. At the moment there has been an increase in the demand of poultry products with the change of constitution that favours devolved Government where resources are channeled to the grass roots. With this, I want to meet the rising demand by purchasing another wire mesh to set and another farm.
My Business
I started this business two years ago; I started this farm with only one cock and two hens. With limited resources I still managed to keep and maintain them. Currently I have a total of 101 birds in my farm. Just like any other business I face competition from other market players but what makes my products perform better in the market is their affordability, and My ability as a service provider to respond to clients i.e am efficient and effective when it comes to service delivery. Apart from that my business location is very strategic and its adjacent to the potential customers’ e.g. we have three hotels which are very near, we have a school polytechnic which most of the time source my products. I also have business risks I experience especially when it comes to diseases. But with the very able team of extension service workers from the Government I have managed to get the required information and more proactive and that why am using vaccines to avoid this and for the past one year I haven’t experience such kind any pest and diseases attack. Currently am operating at a cost of Ksh 20,000 which Includes food, medicine(for Poultry) and administrative costs and my total revenue is Ksh 50,000 and if I deduct the entire cost my net profit will/is Ksh 20,000. Apart from business I also a permanent source of income from my rental house of which I charge my customers Ksh 6000 per month. I really appreciate what you guys are doing and am ready to work with you guys to make Africa the Next Business centre.
Loan Proposal
My business deals withe chicken layering. this mainly requires me to have feeders, trays and expanding space for more chicks to move. that is what i will use my loan for. this is important in chicken laying and chick growth. My profit will increase from an increase in the number of layers that survive and the number of chicks that grow to maturity. i thank Zidisha for an opportunity to chance the growth of my business by providing me with the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 3, 2013
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Burlington, United States
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