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.