Building new structures for my animal farm

Alpha Oteng

Berekum, Ghana

100% repaid

Entrepreneur

Name

Alpha Oteng

Member since

January 2015

On-time repayments

252 installments  •  16%

About Me

I am Oteng Alpha a native of Senase in the Berekum municipality in the Brong Ahafo Region of Ghana. I am twenty-five years of age. We are family of nine and I am the elderly among the seven children. I am single. I started school at the Senase Methodist Primary and JHS. I completed Methodist Senior High School in the year 2009, I entered Komenda Training College now, Komenda College of Education and completed in 2012. I was posted to Senase Methodist Primary Schools as a teacher and since then I have been working in this school. Football is my favourite game.Aside my teaching profession,I am into animal farming.

My Business

Animal farming is the business I have been operating since 2012. I started with rearing of pigs but now I have included poultry to the business. I started the business in 2012 with only four pigs of which two of them were males and the other two were females. Currently, I have as many as forty pigs. In 2013, I introduced poultry into the business and now I have over three hundred fowls in my poultry farm. I have employed four people who assist me in my farm. They are been paid at the end of every month.
Due to the rapid growth of my business, it has become necessary for me to get another housing to contain the pigs and the fowls because as I speak to you now both the pigs and the fowls are over-crowded in their pen.
I therefore need a loan of $3000 to help me purchase roofing sheet, cement, poultry feeds, a borehole at the site where I rear these animals.
Significance of my business
About 62% of the people living in the Senase Community buy fowls and pigs from my farm. It is also serving as source of employment to the people living the community and I am hoping that next year I will be able to employ at least another four people to work in my business.


Repayment of loan
Should I be given this loan, I will be able to repay from the proceeds I get from the sale of my fowls and pigs. Aside from my farming, I teach which I will use to supplement the payment.

Loan Proposal

The above requested loan will be used for
i) Putting up new house for the animals ie both the pigs and the fowls
ii) Construct borehole to be used in my business.
iii) To purchase poultry and pigs feeds for the animals.
iv) To purchase medicine to be used on the animals
I estimate that the under listed items will cost about 3000 dollars. These items will help me expand my farm and also employ more hands to help in the farm.Aside extending my farm,the borehole will serve as a good source of water to my community. I expect to make a profit a profit of about 200 dollars from the sales I will make.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$106.33

Date disbursed

Jan 30, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $106.33 at 5.93% annual rate over 1 month = $0.76

Service fee: $0.25

Lenders

Raoul72

Naarden, Netherlands

Zidisha

Sterling, United States

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

T

tmsaddress

Orlando, Florida, United States

cattlebaron

Pierre, SD, United States

J

jimmydjjr

Gautier, United States

Susansfund

Colorado Springs, United States

M

markusfitza

College Station, United States

E

EnhanceLife

Heber City, United States

S

samuk

Nottingham, United Kingdom

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

mole333

Brooklyn, United States

A

Awesomeness757

United States

KM

Kirsty M

United Kingdom

Robert

Sweden

Dayton

Vancouver, Canada

Ask Alpha a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...