Purchase more nutritious feed for my pig farm
Francis
Sunyani, Ghana
100% repaid
Entrepreneur
Name
Francis
Member since
July 2015
On-time repayments
67 installments • 75%
About Me
Francis is my name and I am 38 years old. The third born among my siblings and I am married with three children. I was raised by my mum since my dad died when I was barely thirteen years old.
I had both basic and second cycle education at Berekum in the Brong Ahafo region. Both parents are natives of Berekum-Kato in the Bring Ahafo region. At a very early age I had to understand that, life is how you make it. Because of that, I needed to work hard to make it in life. This led me into so many businesses at an early age. I also realised that opportunities abound in all fields of endeavour but it takes the diligent to achieve an aim. I got introduced to pig farming about two years and a half ago.
My Business
I started my pig farm with three (3) piglets ( one male and two females). Currently, I have 25 pigs. I sold ten pigs so far to be able to feed and maintain the rest. In order to get healthy pigs, I need funds to continuously acquire nutritious feed to feed my pigs. I hope to grow and keep over 50 pigs which will be sold in batches at right time so that I can maximise profit.
Loan Proposal
For the daily growth and feed for the pigs, I need financial assistance. In feeding my current 15 pigs, I spend not less than $30.00 a week on feed, which amounts to $120.00 a month. However, pigs must be well fed in order to mature within 6 months. If the feeding is not properly done, their maturity will delay. Roughly I will spend not less than $720.00 on my 15 pigs to able to mature in 6 months time. Proper feeding for 1 pig will cost not less than $48.00 in 6 months
Pork is a delicacy of many folks in the area I am located. But not many people are able to raise pigs due to lack of funds. Because of that supply is always in short of demand.
After 6 months, depending on the weight, the selling price of each pig is between $150.00 to $350.00
The loan will help me to properly feed the pigs, which will increase my profit margin.
The increased profit margin will help me to cater for my family and also employ more hands in the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 11, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
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