Olasupo
Arigbajo, Nigeria
100% repaid
Name
Olasupo
Member since
January 2019
On-time repayments
37 installments • 100%
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 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.
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$167.00
Date disbursed
Jul 28, 2019
Repayment status
On Time
Projected term
2 months
Other loans
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Julie Jun 7, 2019
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