Purchase of infra red lights feeders and drinkers

Lucia Bosire

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Lucia Bosire

Member since

July 2014

On-time repayments

74 installments  •  18%

About Me

Hi Folks. I am Lucia Bosire. A 33 year old single mum of two lovely boys, aged 11 and 8 years. I live in an area called Kitengela, in the outskirts of Nairobi. I moved there for the spacious surroundings. I started raising broiler chicken this year, to supplement my income, so as to enable me to provide for my kids just as well since the loss of their dad a couple of years ago.
The business has continued to grow, thanks in part to the Zidisha loan i got to purchase infra red lights and additional equipment.
As i was looking for a project that could supplement my income, i settled on the chicken, because i wanted a project that could also involve my kids. They really enjoy helping out after school and weekends. They change the drinking water and re-filling the feeders with the chicken mash/pellets. They really feel like they are chipping in and its a way for them to earn a little cash for themselves as allowance! (I imagine THAT must motivate them!!).

My Business

I started to rear poultry (broiler chicken) to maximize use of my compound space and earn a little extra cash to take good care of my kids. Initially, i was selling to colleagues, friends and family. But i realize it is profitable and would love to expand my stock to satisfy my customer demands.
the average profit i make per bird is 1.20usd. I initially started with keeping 150 birds, and after getting my initial Zidisha loan, i increased this number to 300 birds.
maturity is 6 weeks.
the risks to this business is usually disease, but i received training from kenchick, and with my previous stock, mortality has been about 3%, with acceptable rates being between 5%-7% of the initial stock. it costs about 375sh to raise a single bird, this is inclusive of feeds, heating, vaccines and dressing. In 6 weeks, they usually weigh in at around 1.4kgs, dressed weight. i sell each bird at 4.8usd or 3.70usd per kg.

Loan Proposal

The loan i am requesting for is to enable me to purchase three extra infra red lights for heating the brooders at 15$ each (45$), add 5 extra drinkers at 16$ each (75$), 5 extra feeders at 18$ each (95$). This will enable me to be able to rear an extra 300 chicken and boost my supplies to my customers. I am currently no able to supply them with their orders and i am forced to buy ready dressed chicken from other farmers which does not give me good returns as opposed to rearing the entire flock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 19, 2014

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $150.52 at 7.05% annual rate over 1 month = $1.22

Service fee: $0.62

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