Name
Gbadebo
Member since
June 2019
On-time repayments
12 installments • 58%
my name is gbadebo ifabiyi,im 45 years old and am married with 2 kids.I've loved poultry since I was 18 and even as an undergraduate I had a poultry.I love livestock and apart from the fact that it brings in an income I love watching animals grow in my care.I usually develop a kind of attachment to the birds and grief deeply if I lose any of them.I have a dream of having at least a thousand birds before the end of next year (2020) and I strongly believe zidisha offers me a platform to actualize the dream.I believe it can be achieved by continually discovering cost effective methods which at the same time prove very effective in achieving my target weight of 3.2 kg in 7 weeks
i am into poultry,i raise a minimum of 150 broilers at a time.i already have customers who buy for frozen store and life chicken retail resell.ive always loved livestock even as a teenager,watching them grow from day old chicks to over 2.5kg in a few weeks is something i cant get used to,the feeling is indescribable.invest about 150,000 and make 230,000 per 100 birds in 7 weeks.i split the profit into 2,with one part i pay my tithe and spend the rest on household expenses and the other part i reinvest in the business.i started with 25,000 last year but i now have a working capital of 175,000
This loan is very important to me because I want to use it to buy 7 bags of feed for the boilers am taking delivery of first thing tomorrow morning.buying seven bags of feed at once is one of the cost saving measures I discovered.firstly It saves transport cost if I buy seven bags at once than buying a bag each and secondly I can buy from the whole sale depot for 3800 naira per bag instead of buying at 4000 naira per bags from the retail store.having a stock of feed also help me follow the feeding chart accurately and this will go a long way in achieving expected results without much stress.I intend for the boilers to have a minimum weight of 3.2 kg in 7 weeks so I can sell at a minimum of 3000 each and a profit margin of 50%
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Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Jul 16, 2019
Repayment status
On Time
Projected term
4 weeks
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