271 weekly installments • 65%
I am the last born of a family of four. My passion for youth development and farming made manifest when I was 16years old. I studied Agriculture at the Senior High level and tertiary level. The problem of youth unemployment challenged me to start my own business in Landscape development. I now have a poultry farm business to support my community and earn an income. Togetherness is one unique key in my nation Ghana. My hobby is reading, farming and research.
Greepec farms is into snail rearing, mushroom and poultry farming. It is a lucrative venture due to the high demands by people and its profitability. Also since most of our diet intake is animal protein the business has yielded me good returns to take care of my family and parents. Feeding cost is a major challenge but profit is about 80% assured after sales. Mostly i use profit to expand my business.
The loan will be used to purchase 500 day old chicks ($600) for rearing towards the Christmas season. I will also use part of the loan to purchase 50bags ($800) of feed for the broiler to grow faster and buy vaccinations ($100) to protect and prevent higher mortality rate of the birds.
Dec 2, 2019
Cost to entrepreneur
Service fee: 5% of $1,151.35 = $51.60
Credit risk payment: $258.02