Egg incubator for chicken farming

Chelangat

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Chelangat

Member since

January 2014

On-time repayments

174 installments  •  84%

About Me

I am a lawyer by profession and practise law, i am also a starter farmer and i am interested in furthering my farming. I am the first born in a family of 7 children and come from Kericho County. I started a business since i was not satisfied with employment and i needed to earn more that my salary and also realize my potential. From my earnings, i invest in a little farming. I have currently bought a dairy cow that i intend to start my dairy farming with. I live in nairobi but my farm is in kericho and i have to travel to kericho often to check on things at the farm.

My Business

I have been involved in chicken farming, growing of sweet potatoes as well. At the moment, my chicken have reduced in number and production has been low. The source of income from chicken has been dwindling due to reducing stock and the price of eggs has not been favourable. Cost of production has been quite high. I would like to use the loan to continue my vegetable business. I have leased 10 acres of land in Narok where i have already planted vegetables in the nursery and will be transplanting them soon. The availability of water is the main issue as it is a semi arid area. We are relying on irrigation and we have to pump water from the rivrer to the farm which is about 1.2kms away from the farm. This make production costs slightly higher than in other areas where there is sufficient rain.

Vegetables are always in high demand as it is a staple food in Kenya. My typical costs are on seeds, fuel for the pump, food for the workers, fertilizer, pesticides and accommodation for the workers. The revenue is about 30 to 50 ksh per kilo of vegetables.

I will use the income from the vegetables to pay school fees for my son and also expand the farming to chili farming where there is better prices than vegetable farming.

This loan will help me to buy fertilizer to use for transplanting the vegetable as there is need to hire extra people to transplant 10 acres of vegetables. I currently have 3 workers in the farm who are permanent.

Loan Proposal

I have bought an incubator and i have not finished paying for it. I would like the loan to finish paying for t he incubator and also to increase my chicken stock. I am very interested in pursuing the chicken business and i believe that this loan will help me advance that business and i will also help other people who depend on incubation services as i can be in a position to help them.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$314.00

Date disbursed

Nov 10, 2014

Repayment status

On Time

Projected term

14 months

Lenders

Cricketca

San Jose, United States

N

nba1999

Beijing, China

joaoferraz

RINCHOA, Portugal

Stefano Bertolo

Luxembourg, Luxembourg

Richard Griebe

La Jolla, United States

stanbogdanov

Sofia, Bulgaria

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

S

sparty0410

Chicago, United States

T

tophini

Alma, United States

T

tmarkus

Netherlands

Mikers

Netherlands

T

Tony1

Australia

O

ORBP1

Germany

DF

Dennis Furr

United Kingdom

P

Philip

Bremen, Germany

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