A loan to buy 2 additional cattle for my livestock farm

Nicholas

Techiman B/a, Ghana

100% repaid

Entrepreneur

Name

Nicholas

Member since

October 2015

On-time repayments

134 installments  •  62%

About Me

I joined the Zidisha family in 2015 when I was 22 and still in school. Series of loan from the group has really helped me mostly in my education through the University as well as my business. My 1st and 2nd loan was geared towards my education. I then started a cattle rearing business with my 3rd loan from zidisha. I am currently an employed accounts officer in one of the biggest roofing companies in Ghana. I can also boast with more than 10 cattles from my animal farming business which is a part time work

My Business

My interest in animal farming at a tender age didn't die down as I made it a reality with the help of Zidisha. I started 3 calves in July 2017. As I speak, I have 16 cattles in my farm. I reserve some times from my busy work schedules to manage my farm. I wish to acquire additional cattle there by multiplying my livestock before December 2018. My only challenge is providing enough feed for them. Cattle rearing in Ghana is now profitable. A calf may be acquired for $150 and then later be sold for not less than $600 when they mature. That is about 400% increase in value. This has really boost my interest in taking this business to the next level.

Loan Proposal

I am requesting for another loan to buy enough feed for my existing cattle and to buy 2 additional calf. Good and rich feed help them to grow plumpy there by winning good prices from buyers. I have therefore decided to spend on providing feeds enrich with minerals for them to grow well. I will repay this loan from my salary as an accounts officer. I shall be a loyal borrower by making repayments on time. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$101.00

Date disbursed

May 18, 2018

Repayment status

On Time

Projected term

5 months

Lenders

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