Entrepreneur
Name
Kimathi
Member since
February 2014
On-time repayments
20 installments • 90%
About Me
My names are Kimathi Mugambi. I am married with one handsome boy, Lewis, one year old. I live in Githurai 45, in Nairobi County, Kenya. I am an Information Technology profession at Nairobi Institute of Business Studies (NIBS), one of Kenya’s leading middle level college. I have a Diploma from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and a degree in Telecommunications Engineering from Multimedia University(formerly known as Kenya College of Communications Technology (KCCT)) and also a Fellow of the Engineering Council of England.
I have a passion in agriculture with a bias in poultry since childhood. That is what has lead me to start a poultry farm.
My Business
Hello, Zidisha Lenders, With the 60 layers that i secured with my first loan plus the prevoius 6 hens and 3 cocks plus new stock I got now Theosoft poultry farm has got 200 hens and 25 cocks, With high demand to supply more eggs to neighbours and shops in my area kiosks and incubation centers who want fertilized egg for incubation. I currently have a demand that I can not even effectively meet since my current supply per week now 600 eggs but this will change once the I can increasing my stock .
Loan Proposal
Hello, Zidisha Lenders, Theosoft poultry farm has got 200 hens and 25 cocks, I have received numerous request to supply more eggs to neighbors and shops in my area who would like to start their own egg selling kiosks and incubation centers whom want fertilized egg for incubation. I currently have a demand that I cannot effectively meet since my current supply per week now 600 eggs . The amount I'm currently charging KES 12 per egg has enabled me to save up and together with my savings I have about kshs 90,000 ($1000). However for me to prepare a ready market for my poultry farm eggs and to enlarge it's market supply, I need extra cash to enable me to buy more eggs from other farms and supply them to my customer in order to have a steady supply of eggs to them as I wait for my farm to reach it's full production capacity. The quotations I have managed to source require me to have at least kshs 300,000 ($3335). I therefore need around kshs 210,000 ($2330) to get the egg trays,shelfs to stock the eggs,transport fee of eggs and buying price of eggs from other farms in bulk.With the 2500 egg capacity per day and me charging kshs 12 ( per egg, it will provide me with about Kshs 30,000 every week.
1. Buy 2000 eggs three times per week @ kshs 8.5 =kshs 51,000
2. Buy eggs packing trays for different size 30,12.and 6 pack tray kshs 8,000
3. Transport cost for eggs from other farms to Theosoft farm packaging area per week kshs 4,500 @ kshs 1,500 per trip
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Loan Info
Project Type
Classic Loan
Disbursed amount
$273.00
Date disbursed
Dec 1, 2014
Repayment status
On Time
Projected term
3 months
Other loans
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