Entrepreneur
Name
Fredrick
Member since
September 2013
On-time repayments
66 installments • 67%
About Me
Hello Zidisha, having successfully completed the construction of the poultry house (see profile picture) from the previous loan acquired, i hereby want to thank the Zidisha community for funding me in accomplishing that task. Since the house is ready for occupation i once again request for another loan in which i will buy the layers chicks (three weeks old) and the balance for their feed. Its my believe that once the chicks are mature this will increase my earning threefold from the sell of eggs as well as the mature chicks themselves. Thanks Zidisha for making my dream come true. Long life Zidisha community.
My Business
Currently i have mainly focused on Poultry farming since its a less tedious and cost friendly venture. I have done a market survey and realized the demand for eggs especially from the indigenous chicken ( commonly referred to as Kienjeji Chicken in Kenya) is on the rise and the supply is limited. That is why i have chosen this kind of business venture. On the other hand the returns are enormous once the chicken are well taken care of. A three week old chick (Kroiler) costs KES 100. I plan to start with 100 chicks which translates to a cost of KES 10,000. This chicks are believed to lay eggs on average between 200-250 eggs in a year. An egg costs KES 20. So by working with 200 eggs per Chick i expect to get ( 100 chicks*200 eggs*KES 20* 300 days=KES 120,000,000). If i subtract the initial capital,cost of labour and the cost of buying the feed and medication plus other auxiliary expenses i will not lack close to KES 100,000, 000 . This returns will be used to pay school fees, construct a decent home, and the rest will be reinvested back to the business. This translates to a better lifestyle. In this is why i am proud to be a Zidisha member and a volunteer member who is ready to help others grow hence improving their living standards. LONG LIFE ZIDISHA.
Loan Proposal
I will use the loan to buy 100 three weeks old layers chicks (commonly known as Kroilers) each costing ($1 approximately $1). This venture will enable me sell eggs to both small and large shops as well as to my neighbours. As we all know the eggs from this breed of chicken is more nutritious and improves ones health. i anticipate to make threefold of the profit from my initial investment. Thanks
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Loan Info
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Aug 9, 2017
Repayment status
Late
Projected term
50 months
Other loans
Lenders
United States
Toronto, Canada
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
United States
Summary
Amount repaid
$109.65
Amount remaining
$38.52
Expected completion
Oct 27, 2021
Status
Repaying late
Installment amount
$15.58
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 27, 2017 | $29.63 | Aug 29, 2017 | $29.63 |
| Oct 27, 2017 | $4.94 | Oct 6, 2017 | $4.94 |
| Nov 27, 2017 | $4.94 | Dec 4, 2017 | $4.94 |
| Dec 27, 2017 | $4.94 | Jan 10, 2018 | $4.94 |
| Jan 27, 2018 | $0.00 | ||
| Feb 27, 2018 | $0.00 | ||
| Mar 27, 2018 | $0.99 | Mar 28, 2018 | $0.99 |
| Apr 27, 2018 | $0.99 | May 3, 2018 | $0.99 |
| May 27, 2018 | $0.99 | May 31, 2018 | $0.99 |
| Jun 27, 2018 | $0.99 | Jul 9, 2018 | $0.99 |
| Jul 27, 2018 | $0.99 | Aug 3, 2018 | $0.99 |
| Aug 27, 2018 | $0.99 | Sep 7, 2018 | $0.99 |
| Sep 27, 2018 | $0.99 | Oct 3, 2018 | $0.99 |
| Oct 27, 2018 | $0.99 | Nov 1, 2018 | $0.99 |
| Nov 27, 2018 | $0.99 | Nov 27, 2018 | $0.99 |
| Dec 27, 2018 | $0.99 | Jan 5, 2019 | $0.99 |
| Jan 27, 2019 | $0.99 | Jan 31, 2019 | $0.99 |
| Feb 27, 2019 | $0.99 | Mar 3, 2019 | $0.99 |
| Mar 27, 2019 | $0.99 | Apr 5, 2019 | $0.99 |
| Apr 27, 2019 | $0.99 | Apr 30, 2019 | $0.99 |
| May 27, 2019 | $0.99 | Jun 3, 2019 | $0.99 |
| Jun 27, 2019 | $0.99 | Jul 13, 2019 | $0.99 |
| Jul 27, 2019 | $0.99 | Aug 2, 2019 | $0.99 |
| Aug 27, 2019 | $0.99 | Sep 27, 2019 | $0.99 |
| Sep 27, 2019 | $0.99 | Sep 27, 2019 | $0.99 |
| Oct 27, 2019 | $0.99 | Oct 30, 2019 | $0.99 |
| Nov 27, 2019 | $0.99 | Nov 29, 2019 | $0.99 |
| Dec 27, 2019 | $0.99 | Jan 28, 2020 | $0.99 |
| Jan 27, 2020 | $0.99 | Jan 29, 2020 | $0.99 |
| Feb 27, 2020 | $0.99 | Feb 26, 2020 | $0.99 |
| Mar 27, 2020 | $0.99 | Apr 13, 2020 | $0.99 |
| Apr 27, 2020 | $0.00 | ||
| May 27, 2020 | $0.00 | ||
| Jun 27, 2020 | $0.49 | Jun 2, 2020 | $0.49 |
| Jul 27, 2020 | $0.49 | Jun 2, 2020 | $0.49 |
| Aug 27, 2020 | $0.99 | Aug 3, 2020 | $0.99 |
| Sep 27, 2020 | $0.99 | Sep 27, 2020 | $0.99 |
| Oct 27, 2020 | $0.99 | Oct 28, 2020 | $0.99 |
| Nov 27, 2020 | $0.00 | ||
| Dec 27, 2020 | $4.94 | Mar 5, 2021 | $4.94 |
| Jan 27, 2021 | $0.00 | ||
| Feb 27, 2021 | $0.00 | ||
| Mar 27, 2021 | $5.70 | Jun 11, 2021 | $0.99 |
| Aug 28, 2021 | $1.98 | ||
| Sep 30, 2021 | $0.99 | ||
| Jun 19, 2022 | $1.75 | ||
| Apr 27, 2021 | $5.70 | Jun 19, 2022 | $0.23 |
| Jun 19, 2022 | $3.72 | ||
| Jun 20, 2022 | $1.75 | ||
| May 27, 2021 | $5.70 | Jun 23, 2022 | $1.44 |
| Jun 27, 2022 | $0.99 | ||
| Jul 2, 2022 | $1.98 | ||
| Jul 5, 2022 | $1.29 | ||
| Jun 27, 2021 | $5.70 | Jul 5, 2022 | $1.67 |
| Jul 6, 2022 | $1.98 | ||
| Aug 23, 2022 | $0.99 | ||
| Oct 6, 2022 | $1.07 | ||
| Jul 27, 2021 | $15.58 | Oct 6, 2022 | $0.91 |
| Oct 9, 2022 | $1.98 | ||
| Nov 16, 2022 | $1.98 | ||
| Nov 17, 2022 | $1.75 | ||
| Dec 13, 2022 | $1.22 | ||
| Dec 14, 2022 | $0.99 | ||
| Aug 27, 2021 | $15.58 | ||
| Sep 27, 2021 | $15.58 | ||
| Oct 27, 2021 | $0.60 | ||
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