Rabbit and strawberry farming project

Harun

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Harun

Member since

March 2014

On-time repayments

30 installments  •  90%

About Me

My name is Harun Mwangi,23 years of age and aeronautical engineering is my proffesion. I'm a kenyan from kiambu county but currently living in Nairobi.Mr Mwangi comes from a family of four and the only man of the house.It's unfortunate my dad passed away in 1998 during the Nairobi bomb blast as an employee in an insurance firm at Ufundi House.Being the first born,i feel naturally mandated to take responsibility of the two sisters and mum who requires alot of support.
Besides being interested in aircraft dynamics,i totally love agriculture.Agriculture is a venture that will always demand expansion due to the increasing population and as an enterprenuer,i decided to work in a business that will never lack demand for its products.Other than being a promising business, good nutrition for a working people is paramount and i decided to be a supplier of the same.I have reared rabbits and planning to farm strawberries,keep sting- less bees and in the long term start value addition of different food stuff,packaging and exportation.I'm also planning to work with some children orphanages in our county by establishing business for them and buying products from them.In this way they get a source of income and also engages them in employment.

My Business

I currently have reared 80 grown New Zealand White (does) rabbits (and 4 bucks)and planning to start strawberry farming, bee keeping and in the long term start a company for food value addition and exportation of different food stuff. The urine from the rabbits and manure (which is also an income earner) will be used in strawberry farming, the bees will help in pollination. From the first zidisha loan I plan to buy 300 strawberry seedlings at a cost of about 70$and 300 polythene bags from where I plant the seedlings at a cost of 18$. I will employ a casual labourer to water and cater for the seedlings for the first two months, twice weekly, which will cost 65$. The strawberry market is doing very well locally, with a punnet of 250gm averaging about 3$. Currently apart from rearing the rabbits for home consumption, I am also a breeder, with four bucks, each for 20 does of high-breed New Zealand whites. At the moment, 30 of the does are expectant, due between 15th-28th of this month; I sell one-month old bunnies at 6$ each and with time, as the rabbit industry grows, I have made a name for myself in my home area as one of the top breeders and most of the time, am unable to satisfy the huge market. A fully grown rabbit goes for a minimum 17$, and currently, am with a company based in Nairobi, that contracts farmers to sell them the fully grown rabbits; this assures me of a ready market. I also have plans to become a consultant in rabbit rearing, as I have been getting a lot of courtesy calls from many prospective farmers. The manure and urine from the hatches, and which is also in high demand in farms for its high nitrogenous nutrients, will be used in the strawberry seedlings and the surplus sold.

Loan Proposal

This is my first loan application on this platform; I was referred by a friend who is currently on his second loan but couldn't get an invite as he currently doesn't have any bonus invites.
I have to decided to start small and keep building my own profile and business co-currently and its my humble appeal that you walk this journey with me.
I plan to expand my already profitable rabbit business in the long term but currently, with the loan money, I plan to venture to a complimentary business; strawberry farming.
After doing my feasibility studies, I have come up with enough information to want to venture into the business; currently, a punnet of strawberry (250gm) in the local market goes for a minimum 3$. I already have enough manure and I will not have to buy inorganic fertilizers as the rabbit urine is rich in nitrogenous nutrients and which is required in large amounts by strawberries.
I will buy 300 strawberry seedlings at a cost of 70$ and these will be planted in 300 polythene bags which will cost about 18$. I will also hire a casual laborer who will water the seedlings and take care of them twice weekly, for two months, time within which the seedlings will be mature. The labor costs will amount to 65$.
This will be a pilot stage for the project and I hope to expand it in future; with your continued support, I hope that I will be able to take this project to the next level, which will involve but not be limited to not only growing but also packing and selling the strawberry and strawberry products under a brand name.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

May 19, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

dajawein

Gladstone, Australia

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