Expansion of my poultry business

Victor

Ibadan, Nigeria

100% repaid

Entrepreneur

Name

Victor

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

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$204.00

Date disbursed

Nov 7, 2020

Repayment status

On Time

Projected term

2 months

Lenders

C

chkuo

Taipei, Taiwan

E

Elisa

Espoo, Finland

F

florian

Mettmenstetten, Switzerland

Cloudways

Malta, Malta

S

Srirachapea

Minneapolis, United States

Dave Bogard

New York, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

alexalexalex

Berlin, Germany

M

MaggieK

United States

Ask Victor a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Victor    Aug 21, 2022

    Thank you family for funding my project, I will buy poultry feed and drugs with the fund. I will also be able to increase my stocking capacity.
    Thank you

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  • Victor    Aug 21, 2022

    The last loan was really helpful because it made it easy for me to fund the production of my poultry. I was able to get necessary feed and drugs. And the repayment schedule was very helpful to me

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  • Victor    May 26, 2022

    Thank you very much for the great assistance, I will be buying more Broiler chicks and their feed and drugs. It will help me to meet up with customers demand. Thank you for helping to sustain the project

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  • Victor    May 26, 2022

    The last loan was of great assistance to me, apart from funding my poultry project it also assisted me in the purchase of a stethoscope and sphygmomanometer for my daughter who has just entered the clinical year in the medical school. Thank you so much Zidishsha

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  • Victor    May 4, 2022

    I want to appreciate the Zidishsha family for being very supportive of my business.
    I received the amount of 94500 which has really boosted my business. I was able to increase the stock of poultry I had thereby increasing income for the family upkeep. I was able to buy sphygmomanometer and stethoscope for my daughter in the medical school. I feel fulfilled, thank you.

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  • Victor    Feb 21, 2022

    Thank you very much Babbitt Family foundation. This assistance will help me to buy the day old Broiler chicks I want to buy together with the upkeep. I very much appreciate it. Thank you

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  • Victor    Feb 21, 2022

    The last loan was a tremendous boost to my business because prices of livestock feed skyrocket and it would have caused a big setback. The loan helped me to cushion the effects of inflation on the poultry industry, I am extremely grateful to Zidisha

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  • Anonymous    Dec 1, 2021

    Hi Viktor, love to help you out. Please write me on FB "Da Alfi" or on Instagramm alfi3932..
    Thanks

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  • Victor    Nov 30, 2021

    Thank you very much for the loan, I received 69300 Naira. I have been able to purchase more day old broilers and their feed. Thank you for supporting my project, I really appreciate it.

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  • Victor    Nov 29, 2021

    Thank you very much for making my project possible. I intend to buy livestock feed for my poultry and other necessary drugs to finish their production to table size, while I also buy day old broilers to continue my usual 4weeks broilers production project.

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  • Victor    Nov 29, 2021

    The last loan was of great help to me, I was able to manage my stock of poultry because I had extra funds for the feed and drugs which are very paramount in poultry production. I was also able to buy a local oven for the drying of my mushroom

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  • Victor    Nov 15, 2021

    Picture of oyster mushroom produced on the farm

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  • Victor    Nov 15, 2021

    This is a picture of the local oven I bought with the loan collected and fresh oyster mushroom produced on the farm. I want to express my appreciation for the support I got from Zidisha it's been quite awesome. Thank you.

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  • Victor    Sep 1, 2021

    Thank you sirs for bringing my dream to reality, with this money I will be able to buy a locally built oven for drying my mushroom harvest,I will also be able to buy feed and drugs for my poultry. Thank you

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  • Victor    Aug 29, 2021

    The last loan was quite helpful in that I was able to buy feed for my poultry conveniently despite rising cost of feed. I was also able to follow through my new investment in oyster mushroom cultivation. Thereby widening my revenue base increasing my source of income. My mushroom is now fruiting and am sun-drying and selling the harvested mushroom

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  • Victor    Aug 26, 2021

    Thank God for zidisha, you have been God sent to me in a country like ours where opportunities are meant for the privileged few alone. Though I have not been taking big loans because I have to be mindful of repayment it has really boosted my business,now I have a steady flow of stock and am also able to diversify to others apart from livestock. I now have a mushroom production farm and it has started fruiting. Thank you Zidisha

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  • Victor    Jul 26, 2021

    Am sorry I have to do the adjustment because I recently invested in mushroom cultivation, the aim is to create more income. The income from which I expect to start coming in before the next two weeks. Thanks

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  • Victor    Jun 25, 2021

    I do appreciate the support given by my lenders which has helped in the furtherance of my poultry business. I received 44000 Naira cash after all deduction had been made. It helped me in buying feed and drugs now that the price of livestock feed is getting beyond reach. The loan was really helpful. Thank you

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  • Victor    Jun 11, 2021

    Thank you very much for making my poultry project possible. The loan will help me in feeding the stock of broilers and also to procure the necessary drugs and vaccines

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  • Victor    Jun 11, 2021

    Zidisha loan has been a messiah for the funding of my business . The last loan helped to cope with the escalating price of feed ingredients like maize, soyabean, groundnut cake, wheat . The price has been increasing thereby raising the cost of production. Perhaps without zidisha loan I would have run out of business.

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