Livestock (poultry & goats) & crop farming

Gedion Nyangweso

Eldoret, Kenya

34% repaid

Entrepreneur

Name

Gedion Nyangweso

Member since

July 2015

On-time repayments

285 installments  •  93%

About Me

I was born in 1954 in Western Kenya that is now Kakamega County in Butere District .
I went to Primary School between 1969 to 1976 in Butere .
In Secondary School I went between 1979 to 1980 in Kisii .I am married to one wife with six children all of them are grown up ,they have graduated from the university and are taking care of themselves.
After High school a got a casual job with world vision kenya and I worked with them for 10 year.Their after out of my savings that I got during employment I used it to develop a business (poultry farming) with my wife.

My Business

As stated when I was giving my Biography, I and work with my wife in the poultry farm.We have also diversified and are now trying crop farming and animal rearing.
The Poultry farm has been in existence for over five years . We supply live chicken to the neighbors and also eggs . Due to consistency since we started we have a stable customer base.
The business is profitable because there is high demand for white meat and especially the local chicken which is what we are keeping and also the eggs which are preferred by most people.
The main challenges are diseases and feed which are very expensive especially when the birds are few in number.
My typical monthly cost of running the business is approximately US$300 while gross profit or income before these expenses is usually approximately US$480.
I have started diversifying my agribusiness to include goat keeping n half acre maize cropping to help feeding
I believe that the funding will come because if I get it now I will be able to buy many birds in readiness for the market.
We have from last year seen the need to diversify including in our business crop growing and a few animals which are doing well.

Loan Proposal

Raising and Restocking 70 chicks with feeds kshs 50, 000
Vaccines to keep them healthy Kshs 30, 000
Crop farming to subsidize feeding Kshs 30,000
Goat feeds and Vaccines Kshs 40,000
Piloting Improved chicken Kshs 20,000
Improving chicken house Kshs 10,000

Income Source

I am optimistic that 2021 year will be a better year than last year. I expect the economy to grow and therefore increase in eggs demand and consumption.. Eggs and chicken meat is vital components of foods that ordinarily cannot be escaped. Therefore demand will definitely there and hence I will make reasonable money to enable me pay. Since I joined zidisha I have never defaulted in my loans and I don't intend to start.

Feedback

2

None

None

  • Margaret    Oct 12, 2017

    Gedion paid his loan off in a timely manner, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,723.04

Date disbursed

Mar 20, 2021

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $80.74

Credit risk payment: $323.00

Lenders

Kitty

Hailsham, United Kingdom

Dipsius

London, United Kingdom

MarktheMormon

Sandy, Utah, United States

Cordula

Cologne, Germany

G

guenter

Bremen, Germany

chriseyre

Fremont, Ca, United States

Kevin

San Francisco, United States

N

Nick

United States

wissam

Jeddah, Saudi Arabia

C

Carlene

United States

JA

Jason and Sandra

Toronto, Canada

Ren

Minneapolis/StPaul, United States

Craig Travis Provyn

Bradenton, Florida, United States

Vratik Krocik

Prague, Czech Republic

D

David

United States

JH

Joseph Hwang

Houston, United States

CN

Craig Newmark

United States

E

EJOBIV

United States

SB

Stephen B

United States

R

Roman

Slovakia

C

Camm

Australia

World Centric

Sonoma County, California, United States

EN

Edward Neegan

United States

MB

Meg Brigman

United States

R

Ru

New York, United States

R

Ruoyun

United Kingdom

Olly Ishmael

Aberystwyth, United Kingdom

DY

Dan Y

Scranton PA, United States

BS

Bri Sawyer

United States

Ask Gedion 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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