To expand my poultry business

Kevin

Nakuru, Kenya

9% repaid

Entrepreneur

Name

Kevin

Member since

April 2014

On-time repayments

301 installments  •  19%

About Me

I am Kevin Momanyi, Born in 1985. Am the third born in a family of six,three girls and three boys. Having no descent job after my father being released from his job due to uncontrolled drinking, my siblings and i had to work extra hard to provide some help to the family through farming. I managed to make some profit $100 as a result of sales of the farm produce eg, maize,bananas,potatoes, and onions. I used the savings to buy fifteen layers chicken which have multiplied to be 100 currently. My hobbies are playing football, watching documentaries, and planting trees in our homestead.

My Business

My business is that of rearing chicken. I started the business early 2013 with 15 chicks , and now proud to have 100 after selling more than 250 chicken and over 2000 eggs. I usually get a monthly profit of $100-250 less expenses that include feeds and medication. I therefore want to introduce rearing broilers. My savings are not enough to enable me commence this project, but with your help, i will use the $80 that you will lend me to buy 40 broiler chicks that cost $2 each. The remaining $50 will help me buy some chicken mesh, roofing sheet and nails since i already have timber to build an addition structure to rear the broilers. I promise to pay my loan in time and spread good news about Zidisha. Thanks for your help.

Loan Proposal

I am looking forward to expand my business to provide an alternative source of income. There is no doubt that through help from Zidisha lenders, my business has gained momentum hence becoming a very profitable business. I believe in investment diversification and hereby hope that through my second loan i will be able to achieve this. I am intending to use my second loan to venture into ( selling ready chicken meat) butchery . Like I said earlier, I have managed to grow both layers and broilers and would now want to blend my poultry farming achievement with chicken meat business to improve my income capacity. Therefore I am intending to purchase a digital weighing machine that will cost me $100, $ 120 to pay for a 1year business permit, and the remaining $336 will cater for buying more chicks and chick feeds . I will also use $150 of my savings to buy additional broilers for slaughter. This will enable me to provide those extra services since most of my customers need already slaughtered meat in different quantities. My new area of venture will serve all customers according to their taste and preferences depending on one's ability. I am hopeful that this new venture will expand my business and enhance my financial performance.

Regards.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$609.00

Date disbursed

Mar 9, 2015

Repayment status

Late

Projected term

61 months

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

Please log in to comment.

  • andyfletcher    Jan 26, 2016

    Hello Kevin,
    How is the business? Any news on your payments?

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  • Benard    Jun 1, 2015

    Hi Kevin, I would like to share with you on some issues, you contact me through [email protected]

    Log in to reply • Share
  • Kevin    Mar 23, 2015

    I am glad to have been given this opportunity to get my second Zidisha loan. I feel that i need some time to utilize the loan to realize growth and hence i have decided to buy more chicks and feeds for my poultry. As a result i have temporarily rescheduled my weekly investment to Ksh 200 in order to maintain a good on time repayment record as i wait for returns.

    I will reschedule to a higher weekly installment as soon as i sell 50 broilers.

    Thanks.

    I will re

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  • Robert    Mar 18, 2015

    all the best in your business

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  • Kevin    Mar 5, 2015

    Dear lenders,

    Am so grateful for giving me this opportunity to improve my business.

    Regards.

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  • Kevin    Mar 4, 2015

    Dear lenders,

    I am happy of the progress of rising my second loan. I promise to remain committed.

    Be blessed.

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  • Wamugunda    Feb 27, 2015

    Hi Kevin,

    Congrats coz of your business progress and all the best with your second loan.

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  • Kevin    Feb 27, 2015

    Dear lenders,

    The pictures below are not so clear because i have taken them with my phone camera which is not that clear but they can show my progress thus far on breeding broilers. These are my chicks which i intend to feed for the next 6 months for them to gain good weight for better sales.

    Thanks in advance for your kind contributions to my loan.

    Log in to reply • Share
  • Kevin    Feb 23, 2015

    Dear lenders,

    It's such a great honor to inform you that my first loan from Zidisha really changed my poultry business in a very positive way and uplifted my living standard. I am proud to say that in December 2014 i managed to sell over 50 well fed broilers at a price of $10 each (Ksh 950) , and i also sold 40 ordinary chicken for $5 each due to the high demand over the festive season. I used some of the profit ($50)to complete repaying my first Zidisha loan, and the rest to cater for my basic needs and buy more chicks and feeds for my poultry business.

    Log in to reply • Share
  • Kevin    Jan 21, 2015

    Dear Zidisha lenders,

    I am grateful to report that my business is doing fine and i managed to sell about 50 chicken in December and i used a portion of the money i got to buy more feeds for my poultry, and the rest i rescheduled my weekly installment from Ksh 150-Ksh 1000. I look forward to complete my loan on time and continue to work with Zidisha, since i have realized a positive growth in my business and change in my living standard thanks to Zidisha organization.

    Regards.

    Log in to reply • Share
  • Kevin    Dec 6, 2014

    Hi dear lenders,

    I am delighted to inform you that my poultry business is doing fine and i recently sold a number of chicken broilers...............................................................................................
    .....................................................................................................................................................................

    I therefore intend to add my weekly installments since i am comfortable making these payments.

    Thanks a lot.

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  • Kevin    Dec 4, 2014

    Am proud. Thanks to Zidisha

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  • Kevin    Dec 4, 2014

    My poultry.

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  • Kevin    Dec 4, 2014

    My Poultry.

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  • Kevin    Nov 25, 2014

    Dear lenders,

    Am happy to update you on the progress of my poultry business. Here at-touched are some photos for further explanation.

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  • Kevin    Oct 23, 2014

    Dear lenders,

    Hi. its been quit a while since i communicated to you. I am fine and my business is doing well. I look forward to post some of my poultry photos to show you the progress in a simpler way.

    Thanks for your support.

    Log in to reply • Share
  • Kevin    Jun 4, 2014

    Dear Zidisha lenders, I would like to reschedule my loan because i invested all the money in my poultry business, and the amount that i can afford per week at the moment is KES150.


    I will reschedule to more amounts as soon as i sell the chicken possibly in two months time.

    Thank you in advance.

    Log in to reply • Share
  • Kevin    May 17, 2014

    Thank you lenders for your support.

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  • Wamugunda    May 14, 2014

    Hi lenders, please help raise Kevin's loan. He is trustworthy. Good luck Kevin.

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  • Kevin    May 13, 2014

    Dear lenders, I humbly request for your assistance in raising my first loan in order to help me improve my poultry business because i am a honest and hardworking person. Thanks in advance.

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