To buy 50 additional chicks, more feed & vaccines

Entrepreneur

About Me

About Me (2nd edition)
Who is Margaret Julliet Wambui (MJ)?

I am a single mother of two, who I dearly treasure – Andie (Senior Jewel - SJ) and Alain (Junior Jewel – JJ).

The two jewels give me the gist of fighting a winning battle in this life. Both of them aspire to be pilots and am out to support their dreams. As I fight the good fight of faith, my desire is to leave a worthwhile legacy for them and, I will not, for one repulse, give up the purpose that I resolved to effect. Yes, no chance, no destiny, no fate, will hinder my firm resolve as I am determined to reach beyond the eagle heights for their sake.

My career history
I was in the logistics industry for over 15 years, gaining a rich experience in management. I intend to apply the gained experience and knowledge in my new ventures.

My Business

I enjoy tendering my poultry made up of indigenous chicken. My dream of having my project being a household name still holds. There is no relenting, no matter what. I have not achieved my target but I will keep forging on until I reach my mark. The main challenge has been the lack of brooding within the flock. That is why I intend to get a kerosene incubator. This will facilitate constant hatching of chicks even when the hens do not brood.
With a healthy flock of KARI improved, there will be no struggle penetrating the market. I already have a ready market but I would like to venture further.

Assets
 My poultry basket currently carries 15 hens, 2 cockerels, and 50 chicks.
 The shop has a stock of around 25,000/= face value and fixed assets worth 25,000/=. These include the shop fixtures, the weighing tools, display box, and others
 A plot that is pending development measures 50x50m

Operations analysis
Average shop monthly sales - Kes50000/=
Average shop monthly expenses – Kes4000/= (Inclusive of the shop rent)
Average Household monthly expenses – Kes 6,000/=
Average monthly Poultry feed – Kes2000/=
(New) Online business Monthly income - 15,000/=
Farm produce (pumpkins) – 7,000/= (This year I planted butternuts which I believe will market better than the pumpkins)

Zidisha family
The Zidisha organization is well known to my family, and we are glad to be part of the family. We appreciate all the support and we have no words to say thanks to and the rest of the Zidisha team. Not to say the least, ALL the lenders who in the past have responded positively and timely at the time of the call. To all of you, let it be known that your support has had a great impact on our family.

Loan Proposal

I really appreciate the Zidisha community for the previous loan which I used to introduce a breed I had always wanted, necked-neck. I am glad because I have already hatched chicks from the breed (pictures to follow) taking my dream even closer to achieving. I now want to use the new loan to buy a new lot of 50chicks of the KARI improved breed. Since my intention is to cross breed the naked-neck and the KARI improved I wish for them to grow at the same rate. This will allow me to have the crossbreed I want by February since by then the chicks will be ready to start laying eggs.
For the balance funds after buying the 50 chicks I intend to buy sufficient feed stock to ensure that the chicks are well-fed. In addition I will buy vaccines to eliminate any disease threats.
Out of the 50 chicks I will curl up a few for sale in December then I will be left with the best quality. I hope to sell the curled chicken (3months old) at approximately Kshs. 600 (US$ 6.50) per chicken.
From my December sales I will again take 50 more chicks to match the naked-neck production for the cycle to go on.
As earlier mentioned many consumers are opting for the indigenous breed and hence I will never lack a market for my chicken.
Also to note with enough of the proper breed cockrels I will always be sure that my eggs are fertilized and my hatching business will not be affected by lack of fertilized eggs.
My long-run objective is to hatch over 1000chicks weekly, produce my own feed and sell all the excess cockrels either for meat or for breeding. This I hope to achieve within the next 6months.
For this reason I am requesting for this loan of approximately $150 to be able to fulfill this objective and will appreciate a positive response from the Zidisha family.
Thank you so much in advance.

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