Poultry feed purchase for 300 chickens

Eunice Mutisya

Kitengela, Kenya

40% repaid

Entrepreneur

Name

Eunice Mutisya

Member since

January 2014

On-time repayments

385 installments  •  35%

About Me

I will my second loan to increase the number of broilers I keep from current 100 chicken to 300. I am a university graduate very passionate in online and agri-business. I am a full time academic writer with over 3 years working experience and a holder of Bachelors degree in Microbiology. Agri-business is my passion. I keep poultry specifically indigenous chicken and recently ventured into broiler keeping. Currently I have 75 indigenous chicken and 100 broilers. I also sell day old chicks and used the income from the sale of day old chicks and eggs to buy my first 100 broilers. They are at week 4, will be selling them next week at week 5 at approximately $5 each. I approximate by week 5 each broiler chicken will have spend $2.5-2.8, hence will make a profit of $2.3-2.5. My first zidisha loan I used to buy an incubator.

My Business

I will be able to repay loan from the income I get from my agri-business (sale of eggs, day old chicks and broilers). An indigenous chicken egg costs $0.25. Currently I collect 25 eggs per day, in next 1month more indigenous hen will start laying. I also sell day old chicks which I incubate using the incubator I bought with my first loan.I will be selling my first 100 broilers at the end of week 5. Currently they are 4 weeks, 2 days old. In addition, I am an online academic and research writer. I am paid twice a month by the company I work for. I also have direct customers who pay me immediately I complete working on their academic papers. To maximize on profits from my poultry business I have employed a worker to be monitoring them and ensure their productivity is to the maximum

Loan Proposal

I will use my second loan to purchase feed for 300 broilers, hence increase number of chicken from100 to 300. Currently, I have 100 broilers all 4 weeks and 2 days old. There is high demand for for poultry meat being a white meat. White meat is know for its health benefits. This loan will also help me increase my income from the sale of the broilers. It will also enable me employer a worker to keep watch over my chicken. Kindly support me expand my poultry business. Zidisha's first loan help me grow tremendously and I know with your help as a lender I will achieve more with this second loan. Thank you to all my lenders for your support towards my poultry keeping project. I promise timely payment of the loan so it can benefit others too.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$490.71

Date disbursed

Aug 25, 2014

Repayment status

Late

Projected term

88 months

Cost to entrepreneur

Lender interest: $490.71 at 6.47% annual rate over 88 months = $230.79

Service fee: $121.32

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