Doubling the size of my poultry farm

Simple Ng'ang'a

Syokimau, Kenya

100% repaid

Entrepreneur

Name

Simple Ng'ang'a

Member since

September 2018

On-time repayments

131 installments  •  60%

About Me

My name is Simple Simon Macharia, an IT guy with great interest in agriculture. I am passionate about technology and agriculture. 12 years ago, I realised that my salary is not the way to financial independence and decided to venture into business. I started off with a small cyber cafe and computer repair business where i employed 2 people. A few years later, was able to venture into distributing internet service via wireless networks. I ran the business for around 7 years while still attending college but later sold the business to fund college and restrategise after the birth of my first son. I also got a full time job in a small telecommunications company but the desire to be in business still consumed me.I then decided to venture into farming with a focus on poultry keeping after realising the huge deficiency in supply of eggs and meat presented a business oportunity.

My Business

I have a full time job as a network engineer but my business is farming. I have a small farm in Embu, Kenya where I keep a few goats and cows, grow sunflower and raise chicken. I currently have 650 layers and looking to grow the number to 2000 by end of the year. In addition to the layers, i have about 35 goats and 4 cows under the care of 2 hired farmhands. Due to the huge demand for eggs, i buy eggs from other farmers to add to the 120 trays of eggs that we produce in a week. I currently sell 300 trays a week and the demand is still high so i still need to add more chicken.

Loan Proposal

Hello zidisha family. I still continue to expand my business and I currently have 650 active layers. I'm preparing to add 500 more chicken and need to build a new house for them. The purpose of this loan is to purchase materials

Feedback

3

None

None

  • nicole    Jul 1, 2021

    My second loan - paid on time. I would be happy to lend to you a third time!!

    Log in to reply • Share
  • nicole    Aug 17, 2020

    Paid on time - I would be glad to lend to you again!

    Log in to reply • Share
  • guenter    Oct 23, 2019

    Simple payed back very well!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$139.92

Date disbursed

Sep 28, 2019

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $5.89

Credit risk payment: $23.58

Lenders

MarktheMormon

Sandy, Utah, United States

G

guenter

Bremen, Germany

S

SheilaB

Nashville, United States

Jason

Auckland, New Zealand

N

nycjen

United States

Paul Buchheit

Mountain View, United States

I

Ian

United Kingdom

Donald Major

United States

EN

Edward Neegan

United States

C

Chris

United Arab Emirates

S

Sebastian

Netherlands

Ask Simple a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$139.92

Amount remaining

$0.00

Date repaid

Oct 23, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 7, 2019 $34.98 Oct 8, 2019 $34.98
Oct 14, 2019 $34.98 Oct 14, 2019 $34.98
Oct 21, 2019 $34.98 Oct 21, 2019 $34.98
Oct 28, 2019 $34.97 Oct 23, 2019 $34.97

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