Entrepreneur
Name
Mike
Member since
August 2014
On-time repayments
250 installments • 23%
About Me
Am mike cherono and I have been involved in poultry farming for the 18 months. Currently am pursuing a degree in project planning and management at Moi university, I have been using the funds from the poultry project to foot my school fee. So after my campus life I am planning to to enter fully into agribusiness. So far I have 250 layers and 100 broilers. I usually produce about ten crates of eggs per day which I usually sell to some local shops in my neighborhood. Once my broilers have attained 1.2kg, I usually slaughter them and supply them to a local hotel and butchery in town after eight weeks. Personally I plan to start rearing dairy cattle’s in the near future. So I plan to use the loan to enlarge my business.
My Business
Our competitive edge is that we specialize in organic farming. Consumers are increasingly aware of health living and prefer our free-ranged poultry products to the exotic caged breeds. Also, Improved indeginous chicken has equally good maturity, weight gain, & production rate but are more resistant to diseases.
Loan Proposal
If my Zidisha loan is granted, I will invest my second loan from Zidisha poultry project where I intend to purchase more fertile improved Kienyeji (Indiginous chicken) eggs for incubation to help me grow my stock and spare a small proportion for overheads such as vaccination and feeding. I bank on my three-year-experience in hatchery business that this would be a success, too!
This will difenately take my poultry farm to a large scale enterprise. I will use proceeds from my existing poultry business to repay my loan. Also, I will continue offering incubation services to farmers until that time I will have grown my stock to the level of filling my hatchery capacity.
Poultry Farm aspires to be a leading farm and hatchery for improved indigenous chicken in Kenya. As such, as I continue to grow my stock for these indigenous chicken, I hope to grow my credit limit with Zidisha to the level of half a million (over 6000 USD) at the time they reach production age so that I can easily be able to pay back using proceeds from the poultry venture. The strength of the improved Kienyeji breed is that it attains maturity at 20-22nd week hence product life cycle is shorter and hence financially sustainable venture.
Thank you so much for according me this opportunity to grow my agri-business venture with Zidisha loans.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Sep 12, 2015
Repayment status
Late
Projected term
49 months
Other loans
Lenders
Brussels, Belgium, Belgium
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