Entrepreneur
Name
Augustus
Member since
May 2021
On-time repayments
33 installments • 55%
About Me
I am Augustus Asare a passionate and committed development worker who holds 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 chicken. Ghana is a developing country with so much potential especially in the agriculture sector but little financial support for the entrepreneurs 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
Due to the rising cost of dried maize in Ghana, which poultry farmers use to mix with soyabean meal, wheat bran and oyster shells to feed my laying birds, many farmers have resorted to shelling off their birds. This i believe will go a long way to affect the poultry sector in Ghana in the near future as well as food security as many people rely of eggs as their source of protein. I need this loan to help me purchase dried maize in bulk to help reduce my transport cost and to some extent reduce my cost of production and eventually increase my profit margin. I hope this will not only help me remain in business but also continue to produce high quality and nutritious table eggs to serve my customers in and around the Ahafo Ano North Municipality.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$329.00
Date disbursed
Jul 27, 2021
Repayment status
Late
Projected term
4 weeks
Other loans
Lenders
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Nicholas Nsiah Addo Jun 16, 2021
Augustus Jun 16, 2021
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