Purchase of hatchery machine in poultry farming

Philiph

Brook Village, Kenya

100% repaid

Entrepreneur

Name

Philiph

Member since

November 2013

On-time repayments

372 installments  •  74%

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

With the same vision I had 6 years ago of being one of the best poultry farmers in the region still alive;I have managed to move from 40 chicken to over 3000 chicken.having gotten the previous loan and expanded the housing for my poultry;I have decided to bought a hatchery machine worth 3250 dollars.i have managed to save 2150 dollars from the business and thus I have a deficit of 1100 dollars..this loan will assist to reduce the deficit that I have and this will help me alot.i have managed to build a house where hatchery machines will be operated within the poultry farm..this will create employment to other 4 people and this increasing my staff to 7.This will in turn increase my poultry farming income. I am kindly requesting for the funding so that I can be able to manage the hatchery and be able to sell the chicks and not eggs alone. I also invite my lenders to visit my business so that they can be able to appreciate what their loan is doing.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$594.00

Date disbursed

Nov 10, 2017

Repayment status

On Time

Projected term

20 months

Lenders

PG

Paul Graham

United States

BS

Brandon S

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Philiph    Jan 13, 2023

    delay in payments due to election in kenya,but this will be sorted by end of next week

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  • Philiph    Jul 24, 2022

    Kindly assist to amend to eleven months. Monthly installment. I made an error while applying and I wouldn't want to default on payments

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  • Philiph    Jul 21, 2022

    Thanks alot team for helping me fund this project, i will use the money to add to what i have and buy 2 hatching machines.
    I will be updating you frequently on the progress of my project

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  • Philiph    Jul 21, 2022

    Thanks to my lenders, i want to thank you for funding my project. due to corona virus the business have been very bad so the business became slow,i have tried to payoff the loan after the business picked .thanks alot.i look forward to working with you more

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  • Philiph    Jun 16, 2022

    Kindly assist to adjust my installment since my customers have delayed in payment.will complete the amount in arrears by 27th of this month

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  • Philiph    May 11, 2022

    I am late in paying because the people isupplied chicken havent paid me.will clear arrears by end of this month sorry for late payment

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  • Philiph    Apr 6, 2022

    Delay in payment of money from my suppliers who are facing challenges due to fuel crisis in Kenya

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  • Philiph    Mar 29, 2022

    Hi lenders,i am now at par in terms of payments.the business is now stable and will never delay in any payment,

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  • Philiph    Mar 7, 2022

    I want to apologise for late payment ,things have been tough due to delay in payments from my customers but i promise to be at par by end of next week.Thanks alot to muy lenders i will not let you down.

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  • Philiph    Feb 15, 2022

    I would like to pay arrears on 26th of this month since I will be getting money from suppliers who have taken longer than expected to pay me

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  • Philiph    Feb 9, 2022

    Delay in receiving payments from my clients,most of them have confirmed they will pay before 23rd of February.

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  • Philiph    Feb 4, 2022

    Delay in payment from suppliers which has taken more than a month but wil receive it soon

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  • Philiph    Jan 21, 2022

    Delay in payment from my customers will be receiving payments latest 28th.so all the arrears will be cleared by 1st of february.

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  • Philiph    Jan 21, 2022

    Delay in payment from my customers.the arrears will cleared latest 1st february.

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  • Philiph    Nov 17, 2021

    I want to thank all my lenders ers who contributed to this funding. You people are great. I will use it to buy 150 chicken as more stock to my farm, I will also buy medicine for regular vaccination of my birds. This will really help grow the number of chicken in my farm thus ensuring continuous supply of chicken meat to my customers. Thank you for believing in me and funding my project

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  • Philiph    Nov 13, 2021

    The las loan was very helpful to me,i managed to build another house for my chicken which they multiplied but later on died of cold due to negligence from my part.i have learned some lessons and started small again.thanks to my lenders who really supported during the period.

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  • Philiph    Nov 3, 2021

    Covid 19 pandemic effects. Payment to be completed by next month

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  • Philiph    Oct 12, 2021

    My business died totally due to covid and I am planning to clear all the arrears on 1st of November. Kindly hold I pay as of that date

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  • Daniel    Sep 15, 2021

    Dear Lenders
    I have spoke to Philip and he promised to work on it today.Thanks

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  • Philiph    Aug 14, 2021

    Kindly assist adjust due to covid

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