Purchase of feeders and drinkers for my brooder

Charles Maelo

Bungoma, Bukembe Village, Kenya

100% repaid

Entrepreneur

Name

Charles Maelo

Member since

September 2015

On-time repayments

43 installments  •  70%

About Me

I am a second born child in a family of six, four boys and two sisters. I went to Kiganjo kindergarten for my nursery education and latter joined Kiganjo primary school up to standard four. I was later transferred to Nzoia Primary school from standard five to eight where i sat for my Kenya Certificate of Primary Education (KCPE). I went to St.Teresa's Kabula Secondary school and did my Kenya Certificate of Secondary Education (KCSE) in 2000. I joined Manjasi High School in Tororo Uganda For A-level education and sat for Uganda Advanced Certificate of Education (UACE) in 2002. In the year 2003 i joined Makerere University for my Bachelors education and graduated with a degree in Social Sciences in 2007. I started poultry farming in the year 2010 by rearing layers to supply unfertilized eggs in Bungoma town then in 2013 i ventured into hatching and selling indigenous day old chicks. In western kenya indigenous chicken is a delicacy and thats my unique value preposition.

My Business

I do hatch a total of eight thousand indigenous chicks monthly with two thousand chicks weekly. I sale one day chicks at ksh.100, one week Ksh.150, two weeks Ksh.200 and one month chicks at Ksh.250. The breed i am hatching is high yielding and matures faster and is highly resistant to diseases. I chose business because of the increasing demand for white meat. My costs include purchase of eggs from farmers as i currently outsource my eggs for incubation. A fertilized egg costs $0.25 and i do my purchases on a weekly basis as i also hatch on a weekly basis. I use the profits earned to expand my business as i plan to raise my own parent stock, formulate chicken feeds and rear mature birds for slaughter.

Loan Proposal

i would like to purchase more feeders and drinkers for my brooder and i look forward to your financing, one feeder costs $6 and one drinker costs $5.5 this will help me retain more day old chicks and sale them after a week or so which will be more profitable compared to selling them at day old.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.04

Date disbursed

Nov 19, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $8.26

Charles opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

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johnandmoliehi

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MienDeGraeve

Ouagadougou, Burkina Faso

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jimmycarterforever

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trackpal

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Bob Fitzjohn

Fontvielle, Monaco, Yemen

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marcmesich

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OrientExpress

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Mystery15

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zvrk2014

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Samhall8

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mepster

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bscent

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JD Conley

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GR

Gary Rimmer

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RM

Robert Mulley

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Corina King

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Framework Eyewear

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MD

Michael Dahl

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Martin Nielsen

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KR

Kathy Rowland

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JA

Jonathan A.

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F

Frits

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AH

Alexander Hipp

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Andrew

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JW

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Kevin

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Robin Padberg

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Sarah and Dave

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Maria

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