Peters chicken farm

Peter

Eldoret, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

April 2015

On-time repayments

169 installments • 81%

About Me

I was born in a family of five as the first born,I went to primary school through Collage,I din't go to a nice Collage because of school fees and my siblings,After collage i started a church with the principle that i would not get any money from it but support it,i lost all my friend , but now people who are joining us are growing in many ways, in business I started farming when i was very young and was inspired by my Grandfather,I raised chicken which paid my school fees,and had some left for my pocket money,Because of the passion in farming ,I live in a culture where people depend on farming ,but the don't do it smart,and i want to be a solution and let them know and see that farming is business,not just a way of life.

My Business

After venturing into mixed farming afew years ago I can see the fruits of my labor. I started with poultry the moved to dairy cows,and all this has been through Zidisha. Now I have 500 layers and another 250 chicks to replace the layers once they are old in the next six months. I then bought some. Dairy cows venturing into production of milk I have three and four haifers and thee bulls. From these. I am able to pay school fees and support my family and the less fortunate in the community. This loan iam applying today I want to raise ten young bulls for butcher at the end of the year a will be buying them for seven thousand fatten them and sale the after a year for 40k.my strategy is for the current project the chickens and cow pay for the bulls. From which I plan to buy land at the end of the year after selling them and borrowing another loan. Thanks Zidisha.

Loan Proposal

Since the demand of the chickens if growing ,i intent to increase the number of birds and build an additional structure to accommodate them,out of the money 150 dollar will increase the number of birds,and 40 dollars will go for the additional structure.With this in place i will increase my profit and hire one additional helper on part- time ,With this additional money pumped to the chicken farm my profit will increase by 15 % over the next seven month.