Timber for expansion of piggery

Daniel Sihalo

Butula, Kenya

100% repaid

Entrepreneur

Name

Daniel Sihalo

Member since

November 2014

On-time repayments

351 installments  •  36%

About Me

My name is Danial Sihalo,I am a headteacher at Butunyi Primary School,and a farmer.I was born in a family of 3 ,I am married with 6 kids.
I was born in humble background and grew up with lots of hardship,including lack of fees and food.After secondary school i decided to venture into business farming and specialized in pig keeping. From the sales i was able to earn living and pay for my fees at college level.
I love music and so during my free time i listen to music and sing.

Currently I am the head teacher of Buchirinya Primary School in Kakamega County. I was transferred to my current station in December 2019.
I have three children in college, three in High School, and two in Primary.
I practise horticultural farming, poultry farming and run a small grocery shop.
These projects help to supplement my income from teaching.

My Business

POULTRY PROJECT
My current business involves buying of one day old local breed chicks and selling them from the age of two weeks.
My community has a lot of cultural attachment to chicken. Chicken is the most common delicacy in many ceremonies such as weddings, funerals, dowry payment and circumcision.
Chicken rearing has therefore become a major income generating activity in my locality due to the increased demand.
Many local farmers fear handling young chicks because of high mortality rates resulting from limited knowledge on vaccination and hygiene practices.
This is an opportunity for me because I have a structure where I confine them until they are ready for market and I am also knowledgeable in vaccination of poultry.
In the current proposal I intend to purchase 350 chicks for kshs. 35,000/=.
I will use kshs. 10,000/= to purchase feeds, kshs. 2,000/= to buy a breeding roster and kshs. 3,000/= for vaccination/treatment.
I will use part of the maize I harvested from my garden to do feed formulation and save on expenses for feeds.
30 of the chicks can cater for mortality though this is still on the higher side. The remaining 320 will be sold after 4 weeks each at kshs. 250/= raising a total of kshs. 80,000/=
This will give an approximate profit of ksh. 27,000/=
I will use proceeds from this project to repay my loan and the profit will be for payment of fees balances for my children and also take life insurance cover for my aging parents.

Loan Proposal

I am requesting for a loan to help me expand my piggery unit.I will add the $100 on $125 I have ,to buy timber for the purpose of expansion,this is because two of the pigs are due and so the expansion is necessary to accommodate the increase in number of the pigs.I will appreciate your support.Thank you

Feedback

5

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$99.84

Date disbursed

Nov 24, 2014

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $99.84 at 8.60% annual rate over 1 month = $1.13

Service fee: $0.48

Lenders

investor

Candiac, Canada

ads68

Melbourne, Australia

T

tracilee

Wellington, New Zealand

sderickson

Berkeley, CA, United States

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

Loading...

Loading...

Loading...