Feed the birds

Augustus Asare

Tepa, Ghana

100% repaid

Entrepreneur

Name

Augustus Asare

Location

Tepa, Ghana

On-time repayments

10 weekly installments  •  80%

About Me

I am Augustus Asare a passinate and commited development worker who holders a Bachelor of Arts degree in Information Studies and Sociology from the University of Ghana. I grew up loving poultry farming and i was so determined to start operating one but lacked the needed capital to start. So after school and a few years of working, I decided to start with the little savings i have made and today I happy doing what I dreamt of so many years ago with a farm of about 18000 birds capacity. I am currently married with a one year old son and he loves to be around the chichen. Ghana is a developing country with so much potential especially in the agriculture sector but little financial support for the entreprenuers to start.

My Business

Unique Heritage Farm and Trading enterprise was born in 2017 in the Ahafo Ano North Municipality to produce and sell high quality hygienic commercial table eggs and chicken. The demand for eggs and chicken remain high in Ghana and a good area to invest in as there is return on investments. I decided to invest in the Poultry sector due mainly to my passion and love for chicken but also the returns on investment after the feasibility study i did before starting. Operating a Poultry farm with about 18000 laying birds requires some substantial operating capital for feeding the birds and also medications. In a month, i require about 60 tonnes of feed for the birds. We use about 20 bags of dried maize, 20 bags of soyabean meal, 20 bags of wheat bran and 10 bags of oyster shells per week. Profits from my operations is usually reinvested into the business to expand the facilities. We currently have a one ton feed mixer to prepare our own quality feed for the birds.

Loan Proposal

This loan when approved and given will be used to purchase feed items to help feed the birds. Due to the current rise in cost of feed items, there is the need to get additional funds to purchase more feed items. The loan will help me take care of the birds and increase my profit margin in the course of the month.

Income Source

Due to the rising cost of feed especially maize and soya bean meal coupled with low sales of eggs, there is the need for additional funding to help purchase the feed items in bulk and the revenue from the sale of eggs will be used to make the weekly payments.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.55

Date disbursed

May 26, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $12.55 = $0.50

Credit risk payment: $2.83

Lenders

Paul Buchheit

Mountain View, United States

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