Coop and chicks for poutry farming

Asiedu Stephen

Jinijini, Ghana

100% repaid

Entrepreneur

Name

Asiedu Stephen

Member since

August 2016

On-time repayments

57 installments  •  81%

About Me

As a child I told myself I will do something great for myself. This motivated me to take my studies very seriously. I studied very seriously and I was rewarded by topping the class at the end of every exams which was conducted at the end of the term. God being so good I passed my junior high exams and I was offered admission to persue Business at the Senior High school. Upon my going there, one woman who was preparing our file looked at my result and said: 'who offered you admission? We won't accept people like you here' . I also knew I had done well. Fortunatelly for me, there was a merit scholarship scheme for all students who will top the class. The burden then was on me. During the 2nd term examination which was also used to give the scholarship, I topped the class. I told myself that it is not someone who decide my future but myself. In our part of the world the condition is not favourable know matter how intelligent you are. So I said to myself why not start something small. So I started poutry. God has bless us with fertile land so most people engage in subsistance farming. I would wish my children will engage in any meaningful profession which is not criminal. I remember when I was in Junior high school we attended football match in sunyani the Regional capital and defeated our opponents. It was so amazing.

My Business

I engage in poutry farming in a small scale. It is very useful in the sense that some young girls come to buy some of the eggs, fry and sell them every evening for them to earn something. Also some food vendors come to buy some of the cock to prepare their meal. I am into this productive activity because I care for nature and the capital requirement is minimal. Expenses include purchasing nails and iron sheet to construct a pen, hiring a veterinary ooficer to inject them and feeding them. The revenue comes from the sale of eggs and the chicken itself. Since I dream of expanding it to produce in large scale, I reinvest all my profit.

Loan Proposal

Since I want to expand my business, I want to construct a permanent structure so I will buy 20 bags of cement at about 162 Dollars( 8 Dollars per bag), one trip of sand at about 69 Dollars, 20 pieces of Iron rods at 69Dollars(3.4 Dollars per one) and for feeds for the birds at 25 Dollars( 11 Dollars per bag). Since I will have a permanent structure I will be able to expand my business. Since I am constructing a permanent structure I don't expect to get profit now.

Feedback

2

None

None

  • Margaret    Mar 16, 2018

    The loan was paid off in a timely manner!

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  • Margaret    Oct 24, 2017

    Stephen paid off his loan in a timely manner, I would gladly lend to him again and encourage others to do the same.

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    • Asiedu Stephen    Mar 13, 2018

      Dear Margaret I am very happy for the support and its now time i need you most to help fund my loan since I have almost completed my new poultry coop where i can house about 100 layers.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$325.60

Date disbursed

Nov 4, 2017

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $8.86

Lenders

Cloudways

Malta, Malta

juliemartha

Lake Mary, United States

JA

Jared Anthony

CT, United States

E

erica

antwerpen, Belgium

PG

Paul Graham

United States

A

Andrei

United States

K

Katka

St Albans, United Kingdom

BS

Brandon S

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Day Family

Melbourne, Australia

K

Kyle

Durban, United Kingdom

M

Mark

Toulouse, France, France

M

Margaret

United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

G

Gemma

Australia

Kevin

United States

E

EJOBIV

United States

G

GWiz89

United States

P

Paul

Germany

WM

Will Martin

United States

Peter Morse

Amesbury, MA, United States

Shervin

San Francisco, United States

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