Purchase of building materials and chicks for poultry business

Fredrick

Nairobi Embakasi, Kenya

100% repaid

Entrepreneur

Name

Fredrick

Member since

February 2015

On-time repayments

272 installments  •  60%

About Me

I am Fredrick Najori Kevogo. Iwas born in 1983 and schooled at Evojo primary and Wangulu secondary schools respectively. I scored a c plus at the Kenya certificate Of Secondary Education Examinations. After secondary education i joined The Kenya poly technique where i studied a diploma in plant engineering but due to inadequate job opportunities, i joined chicken rearing to overcome my life's hardships. After a search for a good job without success, i invested the only amount that i had at that moment; ksh 15,000 in the construction of an iron sheets chicken house and stocked in three hundred chicks and some feeds. I stay in Embakasi area in the outskirts of Nairobi city which is a cosmopolitan area. There are no bigger lands but only plots. I wedded my lovely wife in July 2013 and currently we do not have kids. However, when God blesses us with them, we will teach them according to the word of God and allow them to select correct careers in their lives. My hobby is studying the bible and adventure and preaching to the nations of the earth through Internet the message of the cross and the blood of Jesus Christ in repentance and Holiness for the rapture of the church is near, and reading engineering books.

My Business

I rear and sell chicken, mostly broilers. These goods (chicken) are on high demand in this area because it neighbors the city. Many people do not keep chicken yet they are fond of eating chicken meat. This creates a good business climate full of clients. I chose this kind of business because of the little amount if money needed to start and because of the little duration it takes for one to start reaping the interests and profits. I consider the most typical costs to be those that i use to buy feeds and repairs on the chicken housing where as my profits and / or revenue comes from the selling of my mature birds. I mostly use the profit got from my business to re-invest in my business and home improvement.

Loan Proposal

If given the loan ,i will use it as follows extend the poultry house worth 3000 shillings of which the money will be used in buying iron sheets and nails and some saw dust for establishing the deep litter system.3000 for the purchasing of 30 chicks and 2000 for vaccination [parasite control]. 1000 shillings will be used purchase a source of energy for the emission of heat ( temperature stabilization ) for the chicks. i intend to sell the chicken as broilers at affordable prices that a common man can manage so as to make sure each and every body in my nation has good health in terms of balanced diet. I will calculate the ten percent of my profit to give out as tithe in the church, the remaining to re- invest and expand the project so that the entire community can get proud of. I will use the waste (droppings) on my banana farm as manure and sell some to the bio gas producers. I will still use some of the profit to improve my project as a seminar venue for people to be trained and be equipped with knowledge for survival . Thanks and may The God of Abraham bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 24, 2015

Repayment status

On Time

Projected term

6 months

Lenders

mbunifu

San Jose, United States

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

T

ToddK

Indianapolis, IN, USA, United States

A

ashtanga99

Newport, United States

Jouni

Finland

N

nanax005

SALEM, United States

ads68

Melbourne, Australia

Matching Fund

Sterling, United States

J

jmwinga

Denver, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

MW

Matt Willis

United States

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  • Frank Mwenda    Jan 30, 2021

    Frederick promised to resume paying the loan once his business is back mon track

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  • Janice    Dec 18, 2020

    He is to settle his instalments soonest by Wednesday next week.

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  • Janice    Nov 17, 2020

    Fred had said that the ability to repay his koan currently is abit low therefore he will be changing his payment plan that favours his pocket.

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  • Janice    Oct 15, 2020

    He has cited Covid-19 pandemic that makes him to be left without clearing the weekly balances till now.

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  • Fredrick    Aug 31, 2020

    low income rate

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  • Fredrick    May 25, 2020

    My income is poor and that's has been a big challenge to me

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  • Fredrick    Aug 19, 2019

    MY INCOME IS VERY POOR

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  • Fredrick    Jun 25, 2019

    the income is still low

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  • Fredrick    May 2, 2019

    the income is too low

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  • Fredrick    Mar 1, 2019

    my source of income is poor

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  • Fredrick    Nov 22, 2018

    the income is law due to poor demand in business

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  • Fredrick    Nov 5, 2018

    my projects are not performing well

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  • Fredrick    Oct 12, 2017

    I myself am very sick and so my unavailability on the project has slowed down the income, but hopefully when I get well, things will improve. I just need the favor of God.

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  • Fredrick    Sep 27, 2017

    iwish to thank my lenders very very much for funding my loan ,.i have received 120377 kenyan shilings ,i have not yet spent the money but am going to use this money in the purchase of dairy cows in a period of less than one month. i still say thank you very much and am going to repay the amount on time.infact i pray that God enable repay earlier.

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  • Fredrick    Sep 21, 2017

    Dear lenders let me take this golden opportunity to thank you very much for funding my loan ,truly i appreciate you soo much for your support towards my loan ,and i promise not to let you down , i am going to use the loan to buy graded milk cattle , and this will help me to be able to raise my living standards and the standards of my villagers as a whole thanks very much. i will make sure that my village gets enough supply of milk at low cost .

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  • Fredrick    Sep 21, 2017

    my appreciation to sallym for participating in funding of my loan

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  • Fredrick    Sep 18, 2017

    my appreciation also to the zidisha team ,paul Graham for participating in funding my loan ....

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  • Fredrick    Sep 15, 2017

    my appreciation to Paul Buchheit, Christin, Humble Bundlecommunity, Craig Newmark, Anonymous, Jake Gibson /Beverly Picardo, for participating in funding my loan , i say thank you very much., youve never get tired in supporting me , may our good God bless you mightly. i know your surpport is not in vain for there will be a reward of it a head of time,,. thanks very much.

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  • Fredrick    Sep 15, 2017

    thank you very much christin for funding my loan, youve always been there to support me,thank you and God will bless you.

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  • Fredrick    Sep 14, 2017

    thanks very much my lenders ,in deed youve helped me alot through the loan that you gave unto me ,generally the last loan that you offered to me raised up my living standards at leased i am able to aquire and provide food for my family ,. the last loan you gave me helped me to increase the poultry production and as per now i have different stages of chicken ,meaning every time and that is atleast in a month am able to buy new chicks at least five .and so if you visit my farm it looks so interesting . i realy appreciat very much. thank you,. i ther fore invite you to make arrange one day and make avisit to my farm. my income through this projects increased do to the general elections that is going on here in kenya ,most of the hotels here are buying alot of chicken for their customers.

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