Lending Successful

Holistically Managed Poultry Farm Expansion

by Lana'i Grown Farm
Holistically Managed Poultry Farm Expansion

Lana'i Grown Farm is expanding their chicken flock to supply pasture-raised eggs to communities on the Hawaiian island of Lana’i and beyond.

Project Summary
  • Location: Lana'i City, HI
  • Products: Poultry
  • Loan Term: 60 months
  • Interest Rate: 7.00% APR
  • Repayments Begin: 6 months after disbursement
  • Individual Lender Cap: $500
$47,400
100% of $47,400

Funded on 05/27/2022

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Overview

Lana'i Grown Farm is a 10-acre poultry farm based on the Hawaiian island of Lana’i, owned and operated by Sidney Alejado. Since 2014, Lana’i Grown has become the island’s primary supplier of local, pasture-raised eggs and occasionally offers meat birds for sale. What began with raising 21 chickens in their backyard has grown to 900 chickens that lay 300 eggs each day. 

They sell directly to members of the community, as well as wholesale to restaurants, a large five-star hotel, and a local grocery store. To meet surging demand for their eggs, Lana’i Grown is expanding their operation to 2,000 chickens. Their goal is to produce enough eggs to supply all of Lana’i with their farm-fresh eggs and to eventually start exporting eggs to neighboring islands, like nearby Maui. 


Use of Funds

Lana'i Grown Farm will use its loan from Steward to expand its capacity, increasing flock size by 1,100 additional chickens and purchasing lumber and other supplies needed to construct more mobile coops. Funds will also cover bulk feed from Sid’s current supplier, which ensures access to a full year of chicken feed with discounted bulk pricing. 


Regenerative & Sustainable Practices

More than 90% of the food consumed on the island of Lana’i is shipped in once per week, creating a high level of food insecurity that Lana'I Grown Farm seeks to address. As a sustainable, on-island food producer, Lana’i Grown raises chickens with holistic and regenerative practices, which include:

  • Rotating chickens across the pasture, evenly distributing natural fertilizers across the land to improve soil fertility and nutrient density.

  • Repurposing food waste from a local hydroponic farm to feed the chickens. Their birds can’t get enough of the lettuce and tomatoes Sid brings home.

  • Teaching local students how to produce eggs, harvest, and care for the chickens. They also help other backyard farmers get started with their own flock.

  • Working with the University of Hawaii on strategies for cover cropping and regenerative pasture development.
  • June 02, 2022

    Thank You!

    Thank you everyone for the support and confidence you have given us. I will keep you updated with photos.

    - Sid Alejado

Chicks–$5,400: The chicks to expand their flock from 900 to 2,000 birds. 

Coops–$16,000: The supplies and lumber to build out additional mobile coops to support an expanded flock.

Feed–$26,000: Purchasing bulk feed up front will allow for cost savings and secure feed on the farm for a full year. 

Total Budget: $47,400


This loan will be made to SRA Global Solutions LLC doing business as Lana’i Grown Farm, a Hawaii limited liability company, which grows and sells eggs and meat birds for the island of Lana’i. 

This loan will be used to expand their flock, build additional coops, and purchase feed in bulk.

The total loan amount is $47,400, which will assist Lana’i Grown Farm in growing and expanding their business.

This loan is set at a 7% interest rate, with a 60 month term, and fully amortized monthly payments beginning 6 months after funds are disbursed.


Borrower Loan Agreement Download
Lender Participation Agreement Download

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