Thomas Yaw Peprah
12 installments • 50%
I started schooling in a small village called wamfie on the brong ahafo region of Ghana.I was a brilliant child and fimally completed in a nearby town called Berekum.Life wasn't easy at all with me especially when I completed my seniors high school following the death of my dad.
I resorted to a subsistence animal rearing and asisted my mum with the birds I sold from the farming because I was a gifted farmer. I later started my own business as a poultry farmer with the little money my mum raised as a capital for me.I have an interesting culture in ghana.Traditional festivals are being celebrated each year.Tolerance. and hospitality are part of our culture. I want my kids to grow up and become good and trustworthy adults.I listen to music at my leisure times.
I provide chicken and eggs because in the locality I live,I am the only supplier of protein food like the eggs and chicken to riestaurants in town.They are in high demand because I enjoy monopoly in the area more especially during special occassions like christmas and other festivals.I chose this business because I enjoy animal rearing and the demand is high.Every month it cost me about 1000 dollars to keep the farm and I get a profit of about 220 dollars per month after taking out every cost.The profit is used to reinvest into the farm.
I am the only poultry farmer in my locality who supplies poultry products to restaurants and other customers. Because of inadequate finance I find it very difficult to serve all my customers since the products are always insufficient.
I will therefore use the loan to buy feed for the layer birds and buy more crates to carry the eggs to my customers.The feed will help the birds to lay more eggs to serve more customers for higher profit.
Nov 28, 2014
Cost to entrepreneur
Lender interest: $110.33 at 5.68% annual rate over 3 months = $1.60
Service fee: $0.63