Taking poultry farming to new heights and empowering the youth
Dennis
Kiambu, Kenya
4% repaid
Entrepreneur
Name
Dennis
Member since
July 2014
On-time repayments
54 installments • 4%
About Me
Hi, l trust your well. Am called Dennis Mwangi but most of my friends call me Malcom. I was born and raised in Nairobi, more so in an estate called Buruburu in the eastlands of town. I finished primary school and passed really well that l have to admit and later l was admitted to Nyeri High school. I finished my high school with a very good grade and was selected to further my studies at Jomo Kenyatta University of Agriculture and Technology to pursue Bachelor of commerce. Which l did and thats where l harnessed the passion for agribusiness.
My Business
From campus l developed a passion for agriculture and youth empowerment. I look at my peers here wallowing in drinking sprees, smoking and doing drugs and it pains me because there no jobs. So what l usually do is talk to them after much lobbying and days of them playing hide and seek. We sit down discuss and agree to do poultry business together. Whereby l bring in the capital and markets as they bring in a small area we can do this and management.
Having been taught a journey of a 1000 miles begins with a single step. I have tried and got 2 guys on board who have a piece of land. We have reared a 100 broilers, where a kg goes for $3 and usually they reach 1.5kgs - 2kgs.
I will use the amount to feed the broilers for next one to weeks at $30. While the remaining $20 will be used to prepare, package and transport the broilers.
After this we'll reinvest the amount to increase our fold. It takes 8-10wks for a broiler to reach 1.5kgs - 2.0kgs.
Loan Proposal
My loan will be used as l said earlier to buy feeds, prepare the broilers, packaging them in clean polythene bags and transporting to the market.
- A 50kg bag of finishers mash from unga will me about $30.
But since their 1.2kgs so l need a week to make them reach 1.5kgs or more. So l can sell them at $4.5
- The wrapping polythene paperbag usually costs 0.1 usd x 100 = 10usd
- Hiring a taxi to carrying the stock to the market place is usually 10usd
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Aug 4, 2014
Repayment status
Late
Projected term
12 months
Lenders
Republic of Korea
Summary
Amount repaid
$2.33
Amount remaining
$57.52
Expected completion
Aug 29, 2015
Status
Repaying late
Installment amount
$1.16
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 16, 2014 | $0.00 | ||
| Aug 23, 2014 | $0.00 | ||
| Aug 30, 2014 | $0.00 | ||
| Sep 6, 2014 | $1.16 | Sep 7, 2014 | $1.16 |
| Sep 13, 2014 | $1.16 | Sep 15, 2014 | $1.16 |
| Sep 20, 2014 | $1.16 | ||
| Sep 27, 2014 | $1.16 | ||
| Oct 4, 2014 | $1.16 | ||
| Oct 11, 2014 | $1.16 | ||
| Oct 18, 2014 | $1.16 | ||
| Oct 25, 2014 | $1.16 | ||
| Nov 1, 2014 | $1.16 | ||
| Nov 8, 2014 | $1.16 | ||
| Nov 15, 2014 | $1.16 | ||
| Nov 22, 2014 | $1.16 | ||
| Nov 29, 2014 | $1.16 | ||
| Dec 6, 2014 | $1.16 | ||
| Dec 13, 2014 | $1.16 | ||
| Dec 20, 2014 | $1.16 | ||
| Dec 27, 2014 | $1.16 | ||
| Jan 3, 2015 | $1.16 | ||
| Jan 10, 2015 | $1.16 | ||
| Jan 17, 2015 | $1.16 | ||
| Jan 24, 2015 | $1.16 | ||
| Jan 31, 2015 | $1.16 | ||
| Feb 7, 2015 | $1.16 | ||
| Feb 14, 2015 | $1.16 | ||
| Feb 21, 2015 | $1.16 | ||
| Feb 28, 2015 | $1.16 | ||
| Mar 7, 2015 | $1.16 | ||
| Mar 14, 2015 | $1.16 | ||
| Mar 21, 2015 | $1.16 | ||
| Mar 28, 2015 | $1.16 | ||
| Apr 4, 2015 | $1.16 | ||
| Apr 11, 2015 | $1.16 | ||
| Apr 18, 2015 | $1.16 | ||
| Apr 25, 2015 | $1.16 | ||
| May 2, 2015 | $1.16 | ||
| May 9, 2015 | $1.16 | ||
| May 16, 2015 | $1.16 | ||
| May 23, 2015 | $1.16 | ||
| May 30, 2015 | $1.16 | ||
| Jun 6, 2015 | $1.16 | ||
| Jun 13, 2015 | $1.16 | ||
| Jun 20, 2015 | $1.16 | ||
| Jun 27, 2015 | $1.16 | ||
| Jul 4, 2015 | $1.16 | ||
| Jul 11, 2015 | $1.16 | ||
| Jul 18, 2015 | $1.16 | ||
| Jul 25, 2015 | $1.16 | ||
| Aug 1, 2015 | $1.16 | ||
| Aug 8, 2015 | $1.16 | ||
| Aug 15, 2015 | $1.16 | ||
| Aug 22, 2015 | $1.16 | ||
| Aug 29, 2015 | $0.55 | ||
Ask Dennis a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.