Poultry (livestock) farming

Philiph Kipronoh

Brook Village, Kenya

100% repaid

Entrepreneur

Name

Philiph Kipronoh

Location

Brook Village, Kenya

On-time repayments

334 weekly installments  •  81%

About Me

I am a 4th year student at kisii university college. I joined campus in the year 2011 after completing my kcse certificate in Kabianga Boys High school where i scored a mean grade of B+. My family members live in Brook village in kericho county where tea is grown as a main cash crop. My parents are peasant farmers and they grow tea and other farming crops to sustain living. I am the second born son of the six family members. My elder sister is a law graduate from Moi University and know she is seeking for a job. As a student i am an entrepreneur too operating poultry project. I started this project three months ago and it has been growing and expanding. I tape this project when i realized there was high demand of eggs and chickens in our local area and nobody was there to supply the same. I decided to venture into this project and it has been so profitable

My Business

I am operating poultry farming activity which i started three months ago in a piece of land given by my parents. I got the starting capital from my parents, relatives and friends who generously contributed to my project. I started with a capital of ksh 20000 by buying 40 layers chickens worth ksh15000 and the remaining amount used to construct poultry house. The challenge i am facing is lack of funds to absorb demand pressure from local market and other customers. Every day i am collecting 32-35 eggs and i sell one egg at ksh 15 to my local customers. Every day i make a profit of ksh500 after deducting all other expenses. I am planning to expand and rear to about 1000 hens in the next one year. I am seeking for your financial suppport from willing lenders to see this project reach the next level.Thanks

Loan Proposal

I WILL USE THIS NEW LOAN TO BUY MORE BIRDS ( 200 CHICKEN) BECAUSE I FEEL THE NUMBER OF BIRDS I HAVE CURRENTLY ARE LESS COMPARED WITH THE POULTRY HOUSE I HAVE,I WILL ALSO BUY A MACHINE WHICH I WILL USE TO MANUFACTURE THE POULTRY FEEDS.THIS MACHINE WILL HELP REDUCE THE EXPENSES INCURRED IN PURCHASING OF POULTRY FEEDS,I WILL ALSO PLANT SOME CEREALS IN MY SMALL LAND WHICH I WILL USE TO MAKE POULTRY GRAINS.WITH THE CASH I WILL GET FROM LENDERS I WILL HARD MY LITTLE SAVINGS TO IT AND BUY THE ABOVE MAJOR THREE ITEMS.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$653.14

Date disbursed

Jan 21, 2019

Repayment status

Late

Projected term

35 months

Cost to entrepreneur

Service fee: $29.36

Credit risk payment: $176.17

Lenders

Jason

Auckland, New Zealand

Paul Buchheit

Mountain View, United States

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