Expansion of my poultry business

Victor Ogundiran

Ibadan, Nigeria

100% repaid



Victor Ogundiran

Member since

July 2019

On-time repayments

133 installments  •  97%

About Me

My name is victor Ogundiran. Am excited joining this community. I reside in Ibadan. My farm is located at Akinyele local government Oyo state. I also operate a buying and selling point not far from the farm.

My Business

I produce dayold Turkey poults for sale every week. And I also sell mature table size broilers and Turkey. I also have a store not far from the farm where I sell farm produce like garri in bulk, yam flour also in bulk. I sell to retailers who go and resell.
I am a graduate B.Sc Agric university of Ibadan with specialisation in animal science. The main costs is the purchase of dayold chicks, purchase of feed and drugs. The revenue is from the sale of 4weeks old broilers a nd 6 weeks old Turkey and day old turkey poults.
The profit is used for children expenses in school and taking care of the home. while a part is also plowed back into the business.

Loan Proposal

If the loan application is granted i intend to use it to consolidate on the expansion work work i embarked upon . Before now i stocked Turkeys which lay eggs and i hatch the eggs every 28 days. so i produce day old poults every week.i also raise 4weeks old broiler chicks for sale every week. I stocked 100 day old noiler chicks about 8 weeks ago as an ex[pansion project, They are expected to start laying in about 10wks time which i will be haching to produce day old noilers for sale weekly also. the loan is to help in the purchase of feed and drugs that are needed. The expansion means i have to get more farm hands thereby solving unemployment problem

Income Source

I sell 4 weeks old broilers every week. i sell at least 50 a week. Each costs 700 Naira and there is a high demand for it. i also produce not less than 80 day old turkey poults weekly which i sell at 550 naira each. There is a ready market for it. with this i am always able to realise enough to do my repayments





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Nov 7, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $17.43

Credit risk payment: $26.15

Optional expediting fee: $17.43




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