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Microlending Chickens and Entrepreneurship: Empowering Poor Rural Families in KenyaDOI: 10.4236/oalib.1103659, PP. 1-3 Subject Areas: Entrepreneurship Keywords: Chicken, Development, Entrepreneurship, Kenya, Microlending Abstract
This paper is about a project that combines
entrepreneurship and microlending—two currently significant concepts in
international development. The purpose of the project was to provide poor
families with a source of income and protein-rich food through microlending
chicken start-up support. Its method was to partner with Nutri-Fresh Farm & Agri-Hub, a non-governmental organization for
creating agricultural entrepreneurs from subsistence farmers and youth in
Kenya. Each family signed a Poultry Project Loan Agreement stating their
obligation to repay—without interest—in the form of mature poultry cocks the costs
of the chicks, feeds, vaccines, training and follow-up until the chicks
attained maturity at six months. The repaid amounts would be invested in new
families. Recently Simon Wachieni, Director of Nutri-Fresh Farm & Agri-Hub, confirmed that
all families so far involved have eggs for sale and as a regular source of
protein for themselves, that they increase their asset through the additional
hatching of their own chicks, and that they are repaying the loan. Our final
conclusion is that this project combining microlending chickens and entrepreneurship
has been successful and that it can be useful elsewhere as well.
Schoenl, W. (2017). Microlending Chickens and Entrepreneurship: Empowering Poor Rural Families in Kenya. Open Access Library Journal, 4, e3659. doi: http://dx.doi.org/10.4236/oalib.1103659. References
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