Expansion of poultry farm

Alex Ubogu

Abakaliki, Nigeria

100% repaid

Entrepreneur

Name

Alex Ubogu

Location

Abakaliki, Nigeria

On-time repayments

34 weekly installments  •  41%

About Me

Hello dear, I am a pottery farmer, I started with 200 birds eight years ago but progressively I'm now managing about 2000 bird, with three worker
in my pay roll , The business had helped me in so many ways, apart from taking care of my family. I have a banana plantation,A cosmetic shop for my wife, the plot of land I wish to establish if receive this loan, my house project in my home is also in progress all by the help of this farm & I pay my workers adequately. I need this loan for expansion & to also create more employment. I will be glad if you did & God will bless you. Thanks.

My Business

I love my pottery business because it's profit oriented, if I get the loan, by the end of three months I hope to managing up to 4000, and lm going to be a major distributor of eggs and different kinds of birds. I will use the money to develop the plot i just bought as follows: machine that will clear the site #30000. Blocks & cement#50000. Zinc 60000. Wood & nails 60000. Workers#80000. Water 40000. Feeds#50000. Electricity #70000. Total#44000 After building the new site, I can raise funds from the old site to purchase chicks to the new site and by six months period I will be sure to purchase a vehicle that will aid in supplying eggs & bird, and creat more employment.

Loan Proposal

Buying feeds for my birds & clearing my banana plantation,if increased be used for the expansion plus development of new pottery site .

Income Source

My banana plantation will go a long way in providing fund in case of any emergency. The farm is being harvested twice every month.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$82.73

Date disbursed

Jun 22, 2020

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: $7.03

Credit risk payment: $7.03

Optional expediting fee: $7.03

Lenders

Jason

Auckland, New Zealand

Black and White Zebra

Vancouver, Canada

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