100%

funded

Total loan: $49,225

Canisius

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Kigali, Kigali, Rwanda / Agriculture

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A loan helped to purchase equipment for a plant producing poultry feed.


Canisius's story

After several years as a medical doctor, Canisius quit his job to start a poultry business in Rwanda in 2011. Canisius started with 4,000 chickens and employed 32 people (including 20 casual laborers) from his community. On a weekly basis, Canisius supplies 4,000 eggs to 10 restaurants and multiple grocery stores in Kigali. Canisius used his first $10,000 loan to grow his livestock from 4,000 to 7,000 chickens and to purchase 50 spacious new cages for the hens to boost their health and increase egg production.

With the COVID-19 pandemic, the cost of poultry feed increased by 40%. This resulted in an increase in egg price, leading to a considerable decline in clients’ demand and therefore a reduction in revenues.

Rather than considering this a setback, Canisius sees it as an opportunity for him to start a production plant that produces poultry feed. A second loan will enable Canisius to invest in the production of his own poultry feed. He will purchase equipment like a maize dehuller to pill the corn and a hammer mill to shred and crush the corn.

In 6 months, Canisius projects an 80% decrease in the cost of production, which would reduce the egg price by 20%. In addition, this investment will enable him to employ 15 additional permanent employees to work in the production plant.

Canisius believes that this will be a tremendous support to recover from the effects of COVID-19 and to grow his business.