The poultry farm growth

Simple

Syokimau, Kenya

100% repaid

Entrepreneur

Name

Simple

Member since

September 2018

On-time repayments

131 installments  •  60%

About Me

My name is Simple Simon Macharia, an IT guy with great interest in agriculture. I am passionate about technology and agriculture. 12 years ago, I realised that my salary is not the way to financial independence and decided to venture into business. I started off with a small cyber cafe and computer repair business where i employed 2 people. A few years later, was able to venture into distributing internet service via wireless networks. I ran the business for around 7 years while still attending college but later sold the business to fund college and restrategise after the birth of my first son. I also got a full time job in a small telecommunications company but the desire to be in business still consumed me.I then decided to venture into farming with a focus on poultry keeping after realising the huge deficiency in supply of eggs and meat presented a business oportunity.

My Business

I have a full time job as a network engineer but my business is farming. I have a small farm in Embu, Kenya where I keep a few goats and cows, grow sunflower and raise chicken. I currently have 650 layers and looking to grow the number to 2000 by end of the year. In addition to the layers, i have about 35 goats and 4 cows under the care of 2 hired farmhands. Due to the huge demand for eggs, i buy eggs from other farmers to add to the 120 trays of eggs that we produce in a week. I currently sell 300 trays a week and the demand is still high so i still need to add more chicken.

Loan Proposal

This loan will go to the purchase of iron sheets. The previous loan was for the purchase of lumber and the next loan will go to the purchase of mesh floors. The profits from the current laying eggs are currently going to loan repayments and other expenses but in December, they will also be used for the purchase of day old chicks.

Feedback

3

None

None

  • nicole    Jul 1, 2021

    My second loan - paid on time. I would be happy to lend to you a third time!!

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  • nicole    Aug 17, 2020

    Paid on time - I would be glad to lend to you again!

    Log in to reply • Share
  • guenter    Oct 23, 2019

    Simple payed back very well!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$202.00

Date disbursed

Oct 24, 2019

Repayment status

On Time

Projected term

6 months

Lenders

G

guenter

Bremen, Germany

Jason

Auckland, New Zealand

Paul Buchheit

Mountain View, United States

Supatra Gill

Tooma, New South Wales, Australia

Ask Simple a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$202.89

Amount remaining

$0.00

Date repaid

Apr 17, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 4, 2019 $33.82 Nov 4, 2019 $33.82
Nov 11, 2019 $33.82 Nov 11, 2019 $33.82
Nov 18, 2019 $33.82 Nov 18, 2019 $33.82
Nov 25, 2019 $33.82 Nov 25, 2019 $33.82
Dec 2, 2019 $19.71 Jan 1, 2020 $19.71
Dec 9, 2019 $0.00
Dec 16, 2019 $0.00
Dec 23, 2019 $0.00
Dec 30, 2019 $0.00
Jan 6, 2020 $4.93 Jan 14, 2020 $4.93
Jan 13, 2020 $4.93 Jan 14, 2020 $4.93
Jan 20, 2020 $4.93 Jan 20, 2020 $4.93
Jan 27, 2020 $4.93 Jan 27, 2020 $4.93
Feb 3, 2020 $0.00
Feb 10, 2020 $0.00
Feb 17, 2020 $2.96 Mar 5, 2020 $2.96
Feb 24, 2020 $2.96 Mar 5, 2020 $2.96
Mar 2, 2020 $2.96 Mar 5, 2020 $2.96
Mar 9, 2020 $2.96 Mar 11, 2020 $2.96
Mar 16, 2020 $2.96 Mar 30, 2020 $2.96
Mar 23, 2020 $0.00
Mar 30, 2020 $2.96 Mar 30, 2020 $2.96
Apr 6, 2020 $2.96 Apr 7, 2020 $2.96
Apr 13, 2020 $2.96 Apr 17, 2020 $2.96
Apr 20, 2020 $2.96 Apr 17, 2020 $2.96
Apr 27, 2020 $1.59 Apr 17, 2020 $1.59

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