Bulk purchase of layer mash feeds for poulrty birds

Olasupo

Arigbajo, Nigeria

100% repaid

Entrepreneur

Name

Olasupo

Member since

January 2019

On-time repayments

37 installments  •  100%

About Me

I am Olasupo Oladogba, a Nigerian by nationality. Born 55 years ago by extremely poor parents. And grew up in a God forsaken neighborhood in Lagos. I stumbled through hard childhood educational life and eventually graduated as an Engineer.

I developed serious interest in agricultural farming when I started my professional practice in mechanical engineering. So, within 5 years, I acquired a small plot of land where two poultry pens were built from my monthly earnings. Presently, my poultry business is small but growing as expected.

My Business

My poultry farm presently generate N350,000 sales revenue per week before business expenses. I currently take home profit of N35,000 per week after business expenses.

My poultry supplies readily available eggs to my happy customers on a daily basis. The business also made available old layer chickens for customers during Christmas festive season.

Substantial part of the profits is always reinvested in growing the business. I must say here that my goal is fulfilled. My family members and I are living a better life now.

Loan Proposal

My poultry farm supplies readily available eggs to my happy customers on a daily basis. The business also made available old layer chickens for customers before and during any festive season.

Prior to now, I normally purchase my mash feeds in small quantities from retailers which is a bit expensive. My research has shown that it is far cheaper buying large quantity of same feeds from the manufacturer. The loan to be collected is to be directed to bulk purchasing of mash feeds in large quantity from the producer of the feeds.

Find below the benefit this will create to me and my workers:
1) Buying of the mash feeds cheaper per bag, leading to safe in cost.
2) Making available large quantity of feeds for our usage for most part of the month.
3) Reduction in cost of production of eggs.
4) Encourage farm expansion.
5) Making life easy for me and my family members.

Feedback

1

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  • Julie    Jun 7, 2019

    Timely repayment. Olasupo is a good investment.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$167.00

Date disbursed

Jul 28, 2019

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

Ren

Minneapolis/StPaul, United States

Donald Major

United States

Jeanette

Fort Worth, Texas, United States

S

Sandy

United States

C

Chris

United Arab Emirates

D

Dan

Australia

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