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

Hi people, the poultry farm is doing great and I am currently experiencing the best problem a business can have. Whereas my egg production has increased from 30 trays per week to 150 trays a week, the demand from my customers is greater than my current supply. I supplement the orders by buying from other farmers but I need to expand my flock.

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!!

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  • nicole    Aug 17, 2020

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

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  • 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

Aug 28, 2019

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $5.89

Credit risk payment: $20.04

Optional expediting fee: $5.89

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