Buying factory feed for duck farming
Ainul Yaqin
Sumenep, Indonesia
58% repaid
Entrepreneur
Name
Ainul Yaqin
Member since
October 2017
On-time repayments
7 installments • 57%
About Me
I am an entrepreneur focused on farms that include Lovebird, Duck and Chicken farms. This business has started since I graduated from high school 5 years ago. Before I decided to start this business I had the desire to continue my education to college. But because of economic limitations I have to find my way in order to meet the daily needs of my family. At that time my mother felt unable to finance my college while she wanted my two little brothers to continue their education at least until high school. My father has been gone since my youngest brother was 7 days old. I am the eldest of 3 siblings. It is my duty to help my parents finance my brothers" schools. My first brother is now in third grade junior high school, while my sister is still in the first grade of elementary school.
Maybe I was not lucky with my family's economic situation that lacked. But I believe one thing; I just have to keep working hard until the luck comes to our family.
My Business
Let's discuss my business.
Currently I cultivate about 600 ducks divided into three stages with an interval of 15 days as many as 200 ducks. The ducks are sold after 40-45 days. In other words I sell every 200 ducks every 15 days and then take 200 Day Old Ducks to rearrange. That is the wheel of this business.
Every 200 ducks require a capital of about 250 USD (33.3 USD is used to buy DOD and the rest to buy feed). With a duck selling price of 1.7 USD and a mortality rate of about 5% I earn a profit on average of 73 USD from 200 ducks that I cultivate. But my monthly profit from this business fluctuated between 135-150 USD depending on DOD price and feed prices on the market.
Meanwhile in Lovebird bird farm I have 6 pairs of mother birds. 2 of which were my uncle's gift, while the rest I bought them myself.
From each pair of birds produce 2-3 baby birds every two or three months. Then I sold them after about 4 months old. There are about four or five birds I sell to Lovebird lovers every month. My family's income from Lovebird bird farm is 115 USD on average.
And as like as most villagers, I also raise local chickens that are used for eggs and meat. At any time if the family needs an emergency funds, we usually sell some adult chickens. But it can not coverage for a rather large emergency fund.
I currently operate this business simultaneously, in the sense that I use the proceeds from one farm to my other farm to cover its operational costs over a certain period. The rotation of this capital continues continuously from time to time. I really want to finance this business separately, not mixed with other business. May I expand these businesses with help and support of all of you.
Loan Proposal
I need some funds to buy feed for my ducks as much as 75 kg. The amount is enough to be given over the next 15 days. The feed price in poultry shop under BR1 brand is now 25.7 USD per 50 kg, so I need 38.55 USD for this project.
The positive impact of your funds is that I can easily manage my business finances. If my business finances smoothly, so do my business operational activities.
Show original Bahasa Indonesia
About Me
Saya seorang wirausaha yang fokus pada peternakan yang meliputi peternakan Lovebird, Itik, dan Ayam. Usaha ini sudah dimulai sejak saya menamatkan pendidikan SMA 5 tahun yang lalu.
Sebelum saya memutuskan untuk memulai bisnis ini saya sempat punya keinginan untuk melanjutkan pendidikan ke perguruan tinggi. Tapi karena keterbatasan ekonomi saya harus mencari jalan dalam rangka mencukupi kebutuhan sehari-hari keluarga.
Saat itu ibu saya merasa tidak mampu untuk membiayai kuliah saya sementara beliau ingin dua saudara kecil saya melanjutkan pendidikan mereka paling tidak sampai SMA.
Ayah saya telah tiada sejak saudara bungsu saya berumur 7 hari. Saya merupakan anak sulung dari 3 saudara. Sudah menjadi kewajiban saya untuk membantu orang tua saya membiayai sekolah saudara-saudara saya. Saudara saya yang pertama sekarang kelas ketiga SMP, sedangkan adik perempuan saya masih kelas pertama Sekolah Dasar.
My Business
Let's discuss my business.
Currently I cultivate about 600 ducks divided into three stages with an interval of 15 days as many as 200 ducks. The ducks are sold after 40-45 days. In other words I sell every 200 ducks every 15 days and then take 200 Day Old Ducks to rearrange. That is the wheel of this business.
Every 200 ducks require a capital of about 250 USD (33.3 USD is used to buy DOD and the rest to buy feed). With a duck selling price of 1.7 USD and a mortality rate of about 5% I earn a profit on average of 73 USD from 200 ducks that I cultivate. But my monthly profit from this business fluctuated between 135-150 USD depending on DOD price and feed prices on the market.
Meanwhile in Lovebird bird farm I have 6 pairs of mother birds. 2 of which were my uncle's gift, while the rest I bought them myself.
Loan Proposal
I need some funds to buy feed for my ducks as much as 75 kg. The amount is enough to be given over the next 15 days. The feed price in poultry shop under BR1 brand is now 25.7 USD per 50 kg, so I need 38.55 USD for this project.
The positive impact of your funds is that I can easily manage my business finances. If my business finances smoothly, so do my business operational activities.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$40.00
Date disbursed
Nov 23, 2017
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
Winterthur, Switzerland
United States
United States
United States
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