Buy feed for my broilers

Gbadebo

Ilorin, Nigeria

23% repaid

Entrepreneur

Name

Gbadebo

Member since

June 2019

On-time repayments

12 installments  •  58%

About Me

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

My Business

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

Loan Proposal

I intend to pay for 20 bags of feed till the birds are ready for sale.the loan will enable me buy the feed at once from the wholesale depot where I get a discount of 200 naira per bag.it's financial implication is that I will save 4,000 by paying 3800 instead of the 4000 naira price at the retail store.I will also save money on transport costs cause I'll pay once instead of paying for several trips and finally buying the feed once will help me in following the feeding chart judiciously and achieve my am of 3kg per bird by 7 weeks.zidisha has been a dependable partner in financing my business and as usual I expect this loan to be used in moving my business forward in the desired direction

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$133.00

Date disbursed

Aug 2, 2019

Repayment status

Late

Projected term

6 weeks

Lenders

ads68

Melbourne, Australia

Jason

Auckland, New Zealand

Freewolf

Salt Lake City, United States

Dave Bogard

New York, United States

John Minges

United States

Stephan W

Witten, Germany

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