Category Archives: Kienyeji Chicken Farming Funding

Where Can One Get Funding to Establish a Poultry Business in Kenya?

Everyone trying to venture into a poultry farming enterprise in Kenya generally decries the general lack of funding to set up the business.

You have to realize that you don’t have to start big. You can start with as little as 40 chicks and that costs only Ksh.4000 to Ksh.6000. Surely, if you are dreaming about venturing into a poultry farming enterprise, you must be able to raise this amount of money to start you off on your poultry farm.

You don’t have to start with a mega poultry house. You can always improvise and partition a little space in your existing home or shed where you can house your chickens.

Yet, there are people who might still need extra funding  running into hundreds of thousands of shillings or even millions with which they can scale up their operations pr start a poultry farming enterprise from scratch. For that, you can tap into various sources of funding for your poultry farming enterprise which can be both formal and informal. Let us look at some of the options when it comes to funding access for your poultry farming ventures in Kenya:-

Agricultural Finance Corporation

If you are already doing something slightly big such as a poultry farm with thousands of chickens, a poultry feed processing plant or a poultry hatchery business, you can explore the funding opportunity offered by the Agricultural Finance Corporation. For more information on their financing activities, you can check out the Agricultural Finance Corporation website.

Youth Enterprise Development Fund

Many young Kenyans have used the Youth Enterprise Development Fund to access crucial funding for their agribusiness projects. However, there are certain mandatory requirements that you may need to fulfill before you access the funding. For more information on this funding opportunity, send an email to info@youthfund.go.ke.

Commercial Bank Loan

This is the least favourite option for many Kenyans due to high interest rates but if you are looking for urgent financing for your poultry project, you can discuss the loan options with your bank. There are commercial banks that have set special loan packages for agricultural enterprises that may carry lower interest rates. A couple of years ago, Equity Bank Kenya Ltd had such a package. You could get financing through this option at fairly flexible terms.

Crowdsourcing

There are various crowdsourcing websites now available that Kenyans can use to raise money for their agricultural enterprises. One of the most popular is Zidisha crowdfunding platform which is an online microledning community that connects lenders directly to borrowers. However, you will have to start small and work your way up before you are able to borrow large sums of money on the platform. You can also use a mobile fundraising platform such as M-Changa to raise money for your poultry farming initiatives. You can check out the website here http://changa.co.ke.

There are various other organizations that support poultry farmers in Kenya that you may approach for assistance. Examples of such organizations include TechnoServe and Farm Africa.

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Business Opportunities in the Poultry Value Chain

The survival and profitability of a small scale enterprise like a small poultry business depends on the qualities of the person who starts the business.

Entrepreneurs have special traits that are measurable through some psychological tests and social indices. People possessing these traits and social indices at a certain level are expected to be more successful than those without them.

Original decision has to be checked continuously against personal objectives one has in life. The first step in starting one own poultry business and indeed any other business is a purely private and personal affair in which nobody can be of help. Poultry farmers need to keep scanning and analyzing the poultry environment and industry with an objective of identifying business opportunities in the poultry value chain.

There is still a gap in poultry production and consumption in Kenya which farmers need to strive to bridge and gain incomes. Chicken constitutes 98% of the entire poultry population of about 36 million birds in Kenya. Annual chicken offtake is estimated at Kes. 4.6 billion and kes. 10 Billion from eggs.

The per capita poultry meat and eggs consumption are 3.5kgs and 36 respectively against WHO recommended of 12kgs and 182 hence high demand. Farmers can therefore be either producers, breeders, input suppliers, service providers, processors or consumers.

A number of business options are therefore available to farmers or business savvy people intending to benefit from the value chain as follows:

  • Farmers can grow poultry feed components like soya, maize, millet, sorghum, sunflower, rice, cotton and sell to feed manufacturing companies or to farmers mixing their own feed at home. Check our manual on how to make your own poultry feeds.
  • Farmers can brood day old chicks into month old chicks and sell to farmers who fear the process and risks involved in brooding and make huge margins.
  • Farmers can raise their chicken to maturity and sell meat or eggs through contract selling to organized markets.
  • Farmers can collect the highly effective chicken manure and sell to other farmers planting other crops.
  • Shrewd business people can seek knowledge on feed formulation, mix the various categories of feed for layers, growers and chick marsh and sell to other poultry farmers.
  • Business people can act as agro-vet dealers and stockists for poultry related inputs like vaccines, feed, feeders and drinkers among others to serve farmers in a given region.
  • Accounts clerks can help local farmers in record keeping and book keeping to ensure they keep track of their expenses and incomes at a fee.
  • Local extension service providers can offer training and extension services to farmers at a fee.
  • A slaughter house can be constructed to safely process chicken for farmers before sale to buyers who require dressed chicken.
  • Traders can bulk chicken from farmers, buying at farm gate price and re-selling at a margin to organized markets.
  • Bodaboda operators can take advantage of the organized value chain to transport chicken, eggs and inputs to and from farmers.

These, among others are significant opportunities in the poultry value chain that shrewd business operators can take advantage of. It is however important to increase the production of chicken first to meet the required demand to be able to jumpstart the other related poultry businesses.

In order to be that entrepreneur who will benefit from this value chain, you therefore need to possess certain attributes or characteristics;

  • Initiative
  • You must be a go getter or opportunity seeker through a careful scanning of the needs of your environment.
  • You need to be persistent to be able to support business growth.
  • You should constantly be seeking information.
  • You should have the highest regard for good quality work.
  • You should have utmost commitment to work contract e.g. in servicing markets or other supplies.
  • You should adhere to systematic planning and efficiency orientation.
  • You should possess self-confidence and the drive to achieve your targeted objectives.
  • You should be persuasive i.e. use influence strategy to build your business and foster effective networking.
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Join Our Kienyeji Chicken VIP Club

WE have launched a new package of products and services called the Kienyeji VIP Club. VIP members will pay an annual fee of Ksh.2500 and will get access to a vast array of resources and services to boost your Kienyeji Chicken farming venture. As a Kienyeji Chicken VIP Club member, you will get the following free services:-

  • Access all our kienyeji farming manuals for free including the following: The Improved Kienyeji Chicken Farming Manual, the Kienyeji Feed Formulation Manual, the Kienyeji Housing Manual. The membership also guarantees you free access to all the manuals that we will produce for the rest of the year on Kienyeji Chicken Farming.
  • Get free on-phone consultations service on how to start and manage your Kienyeji farming venture. As a VIP member, you can call us at any time and we will allocate time to offer you detailed advice and consultations on how to start and manage your Kienyeji business.
  • Get free information on where to source your Kienyeji Chicken.
  • Get free Kienyeji market linkages: Once your Kienyeji chicken mature, you can talk to us and we will get you the market for your products for free.
  • Free advice on incubation for your Kienyeji Chicken.
  • Get chicken incubator rentals from us at affordable prices
  • Get free advice on where to source Kienyeji Funding as Quickly as Possible. WE will connect you to a direct Microfinance institution where you can apply for Kienyeji Farming Loans and get them approved in a week or less.
  • Get access to our marketing channels and reach 100,000 people monthly: As a VIP member, we will market your Kienyeji Business and products on all our websites, blogs and Facebook pages to help you reach a wider market. Through our marketing channels, we assure you of exposure to a massive market of up 100,000 people that we reach monthly through our media.

Sounds Exciting? Call us on 0717444786 or email improvedkienyeji@gmail.com for more information on our VIP Club.

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Kienyeji Chicken Farming Financing in Kenya

Kienyeji Chicken Farming Financing Options for Kenyan Farmers

There are several ways in which you can finance your Kienyeji Chicken farming venture. Depending on the scale of your farming venture, you can explore small or big funding options from financial institutions, microfinance institutions or MFIs, personal savings, joint ventures with us or even crowdsourcing for funding through various websites.

Bank Loans

If you hold a regular job, you can apply for a small loan of Ksh.100,000 to Ksh.250,000 to get your Kienyeji chicken farming venture rolling. When you take out a bank loan, it is important to ensure that you get the process right from the word go. Construct a spacious and well-ventilated housing for your Kienyeji chicken that will keep intruders out and provide optimal conditions that reduce chick mortality. You can reduce risk further by consulting experts like us in order to assist you in rolling out your Kienyeji Chicken investment. The toughest part is generally the first month. As the chicks mature, the mortality rates decrease drastically and you will be able to reap good investments from your Kienyeji Venture.

Some of the financing options that you can explore in the financial markets include the following:-

  • Juhudi Kilimo: Juhudi Kilimo provides asset based financing for rural agribusinesses. To know how you can be a part of the program, check out http://juhudikilimo.com/.
  • Equity Bank offers a poultry farming loans but you must be booked into a training program at Pwani Feeds-based in Kiambu-in order to access the loans.
  • RafikiDTM: You can get agribusiness loans at favorable terms with Rafiki Microfinance Bank. Check out http://rafikibank.co.ke/ for additional details.
  • Take a regular loan from your bank or MFI institution.

Personal Savings

You do not need much to begin poultry farming. You can begin your commercial poultry farming business with savings of as little as Ksh.30,000. Check out our Poultry Housing Manual to see how you can build low-cost housing as well as the costing on rearing a certain number of birds.

Crowdfunding

You can get global community of funders to fund your Kienyeji Chicken Farming business through portals such as Kiva(http://www.kiva.org/) and Zidisha(https://www.zidisha.org/). Zidisha offers one of the best and easiest platforms to secure agri-business loans. As long as you provide honest and reliable contacts, you will be approved very quickly to begin taking out agribusiness loans. On Zidisha, you will start with a small loan of about Ksh.4506 of which Ksh.3000 will go towards membership fee. So on your first Zidisha loan, you will get about Ksh.1506. The trick is to pay regularly and increase your loan limits(very much like Mshwari) so that you can take out bigger loans in the next few months. The good thing is that you can fix a comfortable amount that you can pay per week.

Joint Ventures with Us

If you are genuine and trustworthy but lack finances, we can enter into a joint agreement to establish and finance your poultry business during which we will sign a contract. Once you have repaid us our investment in about 3-5 months with an interest, the business is all yours without any obligations to us. Please call 0717444786 or email improvedkienyeji@gmail.com for additional information on our agribusiness joint venture partnerships. We only take very limited number of individuals- not more than 3 over 4 month investment/funding period.

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