Thanks a lot zidisha for giving me this chance to meet with lenders. dear lenders considering my poultry business i am p...

Bishop

Eastlands, Beta Farm Estate, Eldoret Town., Kenya

6% repaid

Entrepreneur

Name

Bishop

Member since

January 2014

On-time repayments

192 installments  •  3%

About Me

I COME FROM A HUMBLE AND POOR BACKGROUND CONSISTING OF 7 SIBLINGS;4 BROTHERS AND 3 SISTERS.MY PARENTS ARE PEASANT FARMERS WITH LITTLE INCOME TO COMFORTABLY EDUCATE AND SUSTAIN ALL OF US AND THUS WE HAVE BEEN HAVING FINANCIAL CONSTRAINTS.AM A SECOND YEAR STUDENT AT MOI UNIVERSITY MAIN CAMPUS CURRENTLY PURSUING AN ECONOMIC DEGREE PROGRAMME..DUE TO THIS FINANCIAL PROBLEM,I DECIDED TO START A SMALL POULTRY FARM FROM LOAN GIVEN TO ME BY MY ONLY WORKING ELDER BROTHER OF KSH.30000 AND BOUGHT 100 CHICKS AND 2 BAGS OF CHICKEN MASH.I ULTIMATELY CONSTRUCTED A POULTRY HOUSE AND STARTED THE WORK WHILE ON LONG HOLIDAY VACATION.I HAVE BEEN SELLING THE EGGS TO HOTELS AND HOMESTEADS AROUND MY AREA.THE CHICKENS I HAVE BEEN SUPPLYING TO A MAIN POULTRY-BUYING HOTEL KNOWN AS KEN-CHICK PRIME.FROM THE PROFITS,I PARTLY PAY MY UNIVERSITY SCHOOL FEES, COMMUTATION FEE AND BUYING CHICKEN MASH AND MEDICATIONS.

My Business

THE POULTRY FARM AS AT NOW HAS 92 BROILERS, 265 CHICKS, 15 COCKERELS AND 120 LAYERS THAT ARE IN GOOD HEALTH.I HAVE AN ESTABLISHED AND RELIABLE MARKET FOR THE PRODUCTS AROUND BETA FARM ESTATE,HOTELS,HOMESTEADS AND IN ELDORET TOWN(KEN-CHICK PRIME).I HAVE BEEN ENJOYING A WIDE DEMAND MARKET SINCE AM THE ONLY ONE HAVING A POULTRY MARKET AROUND MY NEIGHBORHOOD, BESIDES,I GIVE BONUSES TO MY CUSTOMERS.A BROILER GOES AT KSH.500 WHEREAS AN EGG IS SOLD AT KSH. 13.THE TOTAL ESTIMATE PROFITS IN A POULTRY-CYCLE IS KSH. 60000 OF WHICH IS NEARLY A 2-MONTH PERIOD.THE ONLY CHALLENGE THAT I FACE IS OF MEDICATION, MOST TIMES MY CHICKEN SUFFER FROM COCCIDIOSIS, GIZZARD WORMS AND DACTLYOSIS DISEASES.I USE AN ESTIMATE OF KSH. 10000 TO PURCHASE ANTIBIOTICS, VACCINES AND DEWORMERS. WHEN ZIDISHA FINANCES MY BUSINESS, ILL USE IT TO EXPAND MY BUSINESS AND FROM THE PROFITS ILL BE ABLE TO REPAY THE LOAN AND ALSO HELP MY SIBLINGS AND FAMILY.

Loan Proposal

I WILL USE THE LOAN TO PURCHASE 50 CHICKS FROM MY SUPPLIER KENCHICK INN WHICH WILL COST ME ALMOST ESTIMATE OF KSH.7000 AND THE REST OF KSH.5000 I WILL BUY 5 BAGS OF CHICKEN MASH.WITH THIS PURCHASES,AM CERTAIN MY BUSINESS WILL EXPAND AND ILL BE ABLE TO REPAY MY LOAN IN DUE COURSE.OUT OF THE KSH 5000 ILL REPAIR THE FENCE WITH KSH 1000,EXPAND THE POULTRY STRUCTURE WITH THE REMAINING 4000 SHILLINGS.LENDERS SHOULD SUPPORT ME IN MAKING THIS PURCHASES SINCE I STRONGLY BELIEVE ILL USE IT WISELY AND ALSO TO PAY FEES FOR MY YOUNGER SIBLINGS.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Feb 10, 2014

Repayment status

Late

Projected term

45 months

Lenders

A

Anninymouse

Southampton, United Kingdom

AWOL

USA, United States

EricDWalters

Rochester, Mn, Usa, United States

T

ToddK

Indianapolis, IN, USA, United States

B

bopsquod

Seattle, Wa, United States

A

aiban

Austin, United States

joaoferraz

RINCHOA, Portugal

T

TVandenbosch

Brussels, Belgium

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

Matching Fund

Sterling, United States

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  • Bishop    Jan 28, 2015

    I hereby wish to first of all apologise for having taken so long to repay this loan. Next I have been through alot with my chicken raring going down and I being a student I could not keep the pace of payment. However I wish to thank my VM who has kept on encouraging me and hence I have decided to keep going. I therefore will try my level best to ensure I complete the loan by God's grace. Thank you once more and God bless you abundantly.

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  • Dickson    Jan 28, 2015

    Hello Lenders, I am the vm of mr. Koech. talked to him and he promised to start paying again next soon. He will reschedule the loan also to be up to date. Thank you and so sorry for the inconveniences caused by his non.payment. thank you

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  • Dickson    Dec 5, 2014

    Hello Lenders I tried to reach Koech over the phone but he said he is busy and will call me back. So am waiting to hear from him and any information so gathered will be relaid to you immediately. Thank you for your patience

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  • Dickson    Oct 31, 2014

    Hello I have talked to Koech and he says he will be doing something very soon. Otherwise he was somehow delayed due to issues he calls personal. So thank you for your patience!

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  • Henry    Oct 12, 2014

    congratulation dickson

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  • Bishop    Aug 16, 2014

    Dear lenders am so greatful for your support.Earlier i had financial problems until i lost track of my repayment since my brother was flying to malawi.My business is finaly restored back to its financial position. and am starting to enjoy its fruits.am very greatfull that the lenders have been patient with my late repayment progress.my chickens are fine except for an attack of coccidiosis but they are now fine.thanks in advance

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  • Dickson    Aug 7, 2014

    Hello Lenders , I managed to get Koech on phone and he promised to pay his arrears soon. He had some few challenges but he is now fine and will do the payment soon. Thank you for your patience and understanding

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  • Dickson    Jul 28, 2014

    Hello Lenders, I have been trying to reach Koech since last but in vain. I am currently using one of the relatives who stays in Nairobi and he promised when he goes home in the cause of next weekend he will give me more details as he can not also reach him on phone. Thank you for your patience.

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  • Dickson    May 28, 2014

    Hello Lenders Koech had slightly lossed track of his payment. But I he is now aware and will be doing the repayment soon than later. Thanks

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    • TVandenbosch    Jul 17, 2014

      Dear Dickson, thank you for your support. Do you have any further updates from Koech? Thanks.

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      • Dickson    Jul 28, 2014

        TVandenbosch, I am afraid that no good news yet. But maybe by weekend I will let you now as I can not reach him over the phone. But one of the relatives has promised to help in tracing him when he will be going at their home town where Koech lives

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  • Dickson    May 22, 2014

    Talked to him on phone and he says he will be doing the repayment soon.

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  • Dickson    May 15, 2014

    Hello Lenders, I am the volunteer mentor to Koech and when I called him he says he had traveled so hence the reason for the slight delay in payment but will do something by the end of this week. He sounded very apologetic. But he says his business is doing good.

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  • Bishop    Mar 18, 2014

    i have some family problems and so am saving some amount for my brother who is flying out soon to Malawi, to further his studies , that is the reason iv slightly delayed in repaying the loan.My chickens are doing fine except for some few which are still under attack of coccidiosis,however, i strongly hope that all will return to normality and Ill reschedule the loan soon to atleast ksh 500 per week.thanks

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  • Bishop    Feb 13, 2014

    I would like to reschedule my loan to ksh. 200 per week.currently am on vacation and my chicken have been attacked by fungal diseases and thus i have used the entire loan and some of my savings to treat them.Hopefully before may ill have stabilized and i promise to reschedule it back.Am honestly sorry for any inconveniences caused.thanks.

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    • TVandenbosch    Mar 6, 2014

      Dear Koech, I have received your first repayment in good order, thank you. How is your chicken business going now? Have you been able to deal with the fungal diseases?

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      • Bishop    Mar 18, 2014

        yes tvandenbosch.iv dealt with the fungal diseases and all is fine now.however,im having some little problems but i hope all will be well.thank you

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